SEC

Several corporations sit on the boards of powerful business and trade organizations that take positions contrary to  the companies’ purported stance on climate change, finds a new Union of Concerned Scientists report. They are able to do this without public accountability because, currently,...
01/16/2014
Blog
A JP Morgan Chase shareholder insurrection threatens to split the roles of Chairman and CEO, stripping Jamie Dimon of the chairmanship. People with reputations for wisdom and good judgment like Rupert Murdoch and Hank Paulson have rushed to defend the dapper and aggressive Dimon claiming that he is...
05/14/2013
Blog
On Tuesday, the House Financial Services Committee voted out six bills that would make changes to the Dodd-Frank financial reform law that could have far-reaching consequences. The bank lobbyists deserve a bonus this year. On second thought, the hundreds of millions of dollars paid by Wall Street...
05/09/2013
Blog
Three developments in finance cropped up in the last days that must be read as a single story. First, Blankfein, Dimon and the rest of the Wall Street bigwigs visited the White House to meet with the President and his team. That team consisted of Denis McDonough (Chief of Staff); Valerie Jarrett (...
04/12/2013
Blog
When a crew that calls themselves the "Systemic Risk Council" speaks, it's a good idea to pay attention. After all, the last time people pooh-poohed deep seated problems within the financial system, trillions of dollars vanished into thin air and millions of people were thrown out of work. ...
03/11/2013
Blog
The General Accounting Office has issued a report on the progress of the regulatory agencies as they implement the Dodd-Frank Act financial reforms. It is a depressing read. Fewer than half of the 236 rules required by the act have been adopted. There are not even proposed rules that the public can...
01/25/2013
Blog
At least one form of rampant speculation has been closed down. Mary Schapiro will step down from the Chairmanship of the SEC by the end of the year. One of her fellow Democratic Commissioners, Elise Walter will take over, leaving a vacancy on the five-member Commission and an even split between...
11/27/2012
Blog
There are basically two ways to thwart regulatory oversight of Wall Street: One, block new rules or weaken existing rules; and, two, make sure that whatever rules exist are not fully enforced. The finance industry and its allies in Congress are pursuing both strategies. Yet while the campaign...
11/15/2012
Blog
Now that we know that the President will not be someone who pledged openly to repeal Dodd-Frank, it's time to look forward to the agenda for the next four years. One thing is certain: the job of reforming Wall Street is far from finished. The most profitable investments for the big banks continue...
11/12/2012
Blog
The FBI is reported to be looking into phone calls and theactions of four employees in its investigation into events surrounding the infamous “London Whale” trades that lost JP Morgan Chase upwards of $6 billion earlier this year. It has also been reported that the SEC is on the case....
10/16/2012
Blog
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