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Gregg: 'Political pandering' on Fed

A top Senate Republican lashed out against lawmakers of both parties for supporting legislation that would audit the Federal Reserve, accusing the bipartisan group of “political pandering” to populist anger. Sen. Judd Gregg, the top Republican on the ...

From VICTORIA MCGRANE, The Politico,  20 Nov 2009

Related Topics: U.S. Republican Party,  Federal Reserve,  Judd Gregg,  Ron Paul,  House Financial Services Committee

Dems fight over funds left from bailout

Congressional Democrats could be careening toward a head-on collision with the White House over $200 billion in leftover bailout money — money that Republicans think should simply be returned to taxpayers. The Treasury Department is pushing for fiscal ...

From VICTORIA MCGRANE, The Politico,  20 Nov 2009

Related Topics: U.S. Democratic Party,  House Financial Services Committee,  White House,  U.S. Republican Party,  United States Department of the Treasury

Black Caucus blocks Wall St. vote

Members of the Congressional Black Caucus threatened to oppose a key financial regulatory reform bill Thursday over unrelated economic concerns, forcing Financial Services Chairman Barney Frank to yank his bill before a final committee vote. ...

From VICTORIA MCGRANE, The Politico,  19 Nov 2009

Related Topics: CBC,  Barack Obama,  Congressional Black Caucus,  Barney Frank,  Maxine Waters

House panel approves Paul's Fed audit

The House Financial Services Committee has approved Rep. Ron Paul's measure to drastically expand the government's power to audit the Federal Reserve. Photo: AP The House Financial Services Committee has approved Rep. Ron Paul’s measure ...

From VICTORIA MCGRANE, The Politico,  19 Nov 2009

Related Topics: House Financial Services Committee,  Federal Reserve,  Ron Paul,  U.S. Democratic Party,  Government Accountability Office

Dems back power to break up firms

Democrats on the House Financial Services Committee have approved a proposal that aims to expand federal powers to preemptively break up so-called “too big to fail” firms. Offered by Rep. Paul Kanjorksi (D-Pa.), the No. 2 Democrat on the House ...

From VICTORIA MCGRANE, The Politico,  18 Nov 2009

Related Topics: U.S. Democratic Party,  House Financial Services Committee,  Melissa Bean,  Federal Reserve

Rep.: Expand fed regulators' power

Rep. Paul Kanjorski has proposed dramatically expanding the power of federal regulators to dismantle large financial firms whose failure could threaten the entire economy. His amendment to a financial reform bill, unveiled Wednesday morning, has been ...

From VICTORIA MCGRANE, The Politico,  18 Nov 2009

Related Topics: Paul Kanjorski,  House Financial Services Committee

A Lobbyist gets constituent concerns

Ken Bentsen knows something about how Congress deals with financial regulations. As a Texas congressman, he helped draft the Sarbanes-Oxley and Gramm-Leach-Bliley acts, two landmark — and still controversial — regulatory laws. His eight years in the ...

From VICTORIA MCGRANE, The Politico,  18 Nov 2009

Related Topics: U.S. Congress,  U.S. Senate,  Securities and Exchange Commission

Thune seeks to stop TARP spending

Sen. John Thune is trying to build support to end the $700 billion Troubled Asset Relief Program, a move bound to cause heartburn for Democrats wary of strong anti-bailouts sentiment among voters. Thune, the No. 4 leader in the Republican Conference, ...

From VICTORIA MCGRANE, The Politico,  16 Nov 2009

Related Topics: U.S. Democratic Party,  U.S. Republican Party,  U.S. Congress,  U.S. Senate,  John Thune

SEIU protests Goldman's D.C. offices

Protesters stand outside of the Goldman Sachs's offices in D.C. Photo: AP About 100 protesters gathered outside the Washington offices of investment banking giant Goldman Sachs, demanding the company donate its $23 billion in bonuses to ...

From VICTORIA MCGRANE, The Politico,  16 Nov 2009

Related Topics: Goldman Sachs,  Lloyd Blankfein,  Matt Taibbi,  U.S. Congress,  Paul Kanjorski

Fights erupt over Dodd reform bill

Senate Banking Committee Chairman Chris Dodd said he wanted to produce a “bold” and “sweeping” financial reform bill. In other words, he’s got a bill that’s going to tick everyone off. The 1,136-page draft measure the Connecticut Democrat unveiled ...

From VICTORIA MCGRANE, The Politico,  16 Nov 2009

Related Topics: FDIC,  U.S. Senate,  Christopher Dodd,  U.S. Democratic Party,  Barney Frank

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