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Barney Frank
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Latest Headlines
Barney Frank, Wall Street rock star
The ways of Wall Street regulation are strange. Executives love to excoriate the tough regulators and any politician not seen as sufficiently pro-Wall Street.
But beyond the rhetoric, the picture is a bit complicated. While many argue that Wall Street tends to be conservative or liberal, that'
Is it wise for politicians to take aim at Dodd-Frank?
When it came time to vote, the Dodd-Frank bill ended up being a nonissue. It certainly wasn't anything either side could campaign on. But we're hearing a lot of rhetoric in the wake of the midterms from critics of Dodd-Frank who would like to repeal various aspects of it. Some of this strikes me a
What the elections mean for Wall Street
The die would appear to be cast for the next Congress, with the Democrats having been dealt a blow. But that hardly means top financial services firms are suddenly looking better. For top banks, the elections are basically a wash.
Dodd-Frank is not likely to be repealed or even tinkered with.
Second mortgage write-downs coming?
Modifications are still a crucial part of the government's strategy to deal with the real estate meltdown ( credit crisis news). To further the cause of more modifications, which has gone slower than most people would've liked, at least one politician, Barney Frank of Mass., is calling on the C
The fate of the consumer protection agency
You probably know that the much discussed consumer protection agency idea is impeding progress on a host of Wall Street reform methods. Aiming to get things moving in the Senate, this idea has cropped up: Housing such an agency within the Fed but giving it enough autonomy to write the appropriate
Gambling ban to affect banks?
The Unlawful Internet Gambling Enforcement Act was passed in 2006, but it was never really implemented. It was a hot-and-heavy political issue, but one that the banking industry was forced to pay
The fate of industrial banks?
Utah has set itself up as a haven for industrial banks; the likes of Goldman Sachs, GE and many others have set up units there. These banks make loans to companies, but they are not bound by Fed rules or required to hold capital reserves. They do not offer checking accounts and most have no retail
A new workplace worry for banks?
If there's one thing that that traders love to do, it's gamble. Heck, most will tell you they do it for a living. Is Rep. Barney Frank about to do them a favor, or a disservice? He introduced a bill yesterday aimed at reversing a three-year-old ban on wagering on the web, according to the New Yo
Bank of America frustrating Cuomo over bonus testimony
Bank of America has every reason to want to keep a lid on the testimony about those controversial multi-billion dollar Merrill Lynch bonuses, given the ship was tanking. We've long suggested that the bank is in a lose-lose situation. It can basically argue it knew all about them (and didn't do muc
Northern Trust to pay back TARP funds
Northern Trust feels a little blind sided by the controversy over its decision to fly hundreds of employees and clients to the golf tournament it sponsors in Los Angeles. Rep. Barney Frank, the chairman of the House Financial Services Committee, sent the CEO a letter "demanding that Northern Trust
