Dodd-Frank

Who's running this joke?The anti-ARS thinks it’s odd that something so simple as requiring clawback provisions regardless of fault apparently falls somewhere between 95th and 102nd on the list. I mean, it’s not like new compensation rules have ever generated any kind of complication or evasive action or anything, so just slap the damned thing together. Read more »

Whoa, Nellie.Now that Wall Street has once again succeeded at buying Congress convincing its fellow citizens that the Republicans have the solution to the problems bedeviling Obama’s America, it can get right back to writing the country’s financial regulations and shredding Dodd-Frank, right? Read more »

Among the many, many provisions of Dodd-Frank is an awfully useful one for the SEC, allowing the regulator to force any defendant to play on its home-field. This is vexing to those defendants. Unfortunately for them, the law is the law. Read more »

Deutsche Bank, as you all know, owns a Las Vegas resort and casino called the Cosmopolitan. The bank never set out to be the proprietors of such an establishment, but after a developer who they loaned money to defaulted, they didn’t have much choice, did they? So now, here we are, 6 years and $4 billion later. Senior execs at the bank won’t be seen there. Guests aren’t particularly interested in gambling at the place. And, by the way, it’s never turned a profit. So it wasn’t entirely surprising to hear the Germans had decided to try and find someone to take the investment off their hands and that was before this happened: Read more »

  • 08 Jan 2014 at 5:37 PM

Quixotic Crusade Against Dodd-Frank Has Longer To Run

A Repubican congressman from Texas—last seen leading the doomed charge to repeal one chunk of the Dodd-Frank law—has moved on to trying to do away with another. Read more »

U.S. regulators proposed new rules Wednesday that would require public companies to disclose the pay gap between chief executives and rank-and-file employees, a controversial requirement that thrusts executive compensation into the spotlight. A divided Securities and Exchange Commission voted 3-to-2 to float a less onerous measure than what the SEC was ordered to adopt in the 2010 Dodd-Frank financial law, giving companies flexibility in how they calculate the ratio to cut back on its expected costs. [WSJ]

So he had Mary Jo and Gary and Co. over for tea yesterday, just to make sure they knew that he wasn’t playing a big joke on everyone when he signed Dodd-Frank three years ago, and that he’s not paying them to not write the rules they’ve been mandated to write. Read more »