financial regulation

  • 25 Jun 2010 at 3:12 PM

How Your Financial Regulation Bill Sausage Gets Made

By


Late last night, Barney Frank had to apparently assure Bob Corker nothing would be “slipped in” while he wasn’t paying attention.

  • 17 Jun 2010 at 12:10 PM

Confidential To Brian Moynihan, The White House Is Just Using You To Rankle Jamie Dimon

By

Remember this?

Time was, Jamie Dimon was referred to as “Obama’s favorite banker.” And for a while, he really was! And why shouldn’t he be? He’s a lifelong Democrat, he basically put Obama in office, he attended the 3-day inauguration in support of his guy. He’s extremely good-looking. He loves universal healthcare. He’s got charm and charisma dripping out of every orifice, he was one of the CEOs who didn’t fuck up and he’s not Lloyd Blankfein. I won’t even get started on the fact that he’s the guy who’ll make you laugh and he’s handy around the house. (Just know that those attributes were not discounted by the president.) And for a while, things between O and D (and their respective kingdoms) was good. Really good. Obama seemed to understand that Dimon wasn’t cut from the same cloth as “baldy,” it looked like JPM wouldn’t get punished for the sins of its peers and the President would openly acknowledge how great Jamie was, especially compared to the low-hanging fruit at Citi. Continue reading »

  • 08 Jun 2010 at 2:15 PM

Did Jamie Dimon Give Senator Gillibrand A Piece Of His Mind?

By

According to Charlie Gasparino, in between telling Debrahlee Lorenzana to zip the lip, the CEO of JPMorgan’s had another broad to deal with. This time the topic wasn’t about mouth-running or Citi or asses or Vikram but it got just as wild.

FOX Business has learned that JPMorgan officials, all the way from lobbyists to the firm’s CEO, Jamie Dimon, have been working overtime to soften the financial regulation because of its implications for the big bank. At one point Dimon even got into a heated exchange with the U.S. Senator from New York, Kirsten Gillibrand.

  • 23 Dec 2009 at 1:56 PM

This Financial Regulation Reform Bill Sucks

By

So says the head of the country’s biggest options exchange, Bill Brodsky:

“There are micro-market structure issues – flash orders, short-selling, high-frequency trading – that are being wrapped up into financial regulatory reform in a way that has a lot of political overtones,” he said. “This is something regulators should be dealing with without undue political pressure from Congress.”

So what should Congress be doing? (Nothing is an unacceptable answer; these, people have to get reelected, Bill!)

Continue reading »

  • 30 Jun 2008 at 8:35 AM
  • politics

Meet John McCain’s Economic Brain: Phil Gramm

By

Phil Gramm gave his first political interview in years to Stephen Moore in the Wall Street Journal’s weekend edition. The interview is clearly meant to reassure conservative voters about Republican presidential candidate John McCain. What separates McCain from Obama, Moore writes, is that although neither of them know much about economics, “McCain has the good sense to know where to turn to for first-rate advice.”
Gramm was something of a hero to a lot of conservative activists. He cut his teeth as a Reagan Democrat in the House of Representatives, championing Ronald Reagan’s tax cuts in the early eighties. Later he switched allegiances to the Republican party and got elected to the Senate. With the GOP victories in 1994, Gramm became the chairman of the powerful banking committee. Moore writes that he played a “decisive role in nearly every fiscal conservative victory in the 1980s and 1990s.”
But that was then and this is now. Gramm is now 65 years old, and he vanished from the political stage six years ago when he took a high-rolling investment banking job at UBS. So what does Gramm offer voters now?

Continue reading »