Comments on: Where’s today’s hellhound of Wall Street? http://blogs.reuters.com/felix-salmon/2010/10/14/wheres-todays-hellhound-of-wall-street/ A slice of lime in the soda Sat, 18 May 2013 04:10:35 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: FelixSalmon http://blogs.reuters.com/felix-salmon/2010/10/14/wheres-todays-hellhound-of-wall-street/comment-page-1/#comment-19449 FelixSalmon Fri, 15 Oct 2010 13:20:42 +0000 http://blogs.reuters.com/felix-salmon/?p=5808#comment-19449 Acutally, midasw, the high point of Pecora's examinations was during the Hoover administration. After the election, to be sure -- after FDR was elected -- but before he took office. Acutally, midasw, the high point of Pecora’s examinations was during the Hoover administration. After the election, to be sure — after FDR was elected — but before he took office.

]]> By: midasw http://blogs.reuters.com/felix-salmon/2010/10/14/wheres-todays-hellhound-of-wall-street/comment-page-1/#comment-19447 midasw Fri, 15 Oct 2010 12:42:34 +0000 http://blogs.reuters.com/felix-salmon/?p=5808#comment-19447 What needs to be remembered is that Pecora only participated in the second (post FDR's election) round of Senate hearings. The first round, held in 1932, Hoover still president, was toothless. Let's see if anyone can guess the name of the famous Wall Street firm, much in the news in the recent crisis, notable in its day for its investment company pyramids and the wrath of Eddie Cantor, whose top men testified only in that first round and was therefore spared Pecora's attentions. What needs to be remembered is that Pecora only participated in the second (post FDR’s election) round of Senate hearings. The first round, held in 1932, Hoover still president, was toothless. Let’s see if anyone can guess the name of the famous Wall Street firm, much in the news in the recent crisis, notable in its day for its investment company pyramids and the wrath of Eddie Cantor, whose top men testified only in that first round and was therefore spared Pecora’s attentions.

]]> By: RichardSmith http://blogs.reuters.com/felix-salmon/2010/10/14/wheres-todays-hellhound-of-wall-street/comment-page-1/#comment-19444 RichardSmith Fri, 15 Oct 2010 09:12:39 +0000 http://blogs.reuters.com/felix-salmon/?p=5808#comment-19444 She's over at Naked Capitalism, Felix She’s over at Naked Capitalism, Felix

]]> By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/10/14/wheres-todays-hellhound-of-wall-street/comment-page-1/#comment-19436 hsvkitty Fri, 15 Oct 2010 01:57:50 +0000 http://blogs.reuters.com/felix-salmon/?p=5808#comment-19436 From CFTCwebsite... Public input "As a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFTC will write rules to regulate the swaps marketplace. The CFTC has identified 30 areas where rules will be necessary. The public is encouraged to provide input on the rule-writing process. Information regarding each rule-writing area will be published as it becomes available." how to submit a comment http://cftc.gov/LawRegulation/PublicComments/HowtoSubmit/index.htm What rules are being discussed http://cftc.gov/LawRegulation/DoddFrankAct/Rulemakings/index.htm The red tape for submissions "Members of the public who wish to submit official comments should submit them during the comment period commencing with the notice of proposed rulemaking published in the Federal Register." http://cftc.gov/LawRegulation/DoddFrankAct/otc_31_general.html From CFTCwebsite… Public input

“As a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFTC will write rules to regulate the swaps marketplace. The CFTC has identified 30 areas where rules will be necessary. The public is encouraged to provide input on the rule-writing process. Information regarding each rule-writing area will be published as it becomes available.”

how to submit a comment
http://cftc.gov/LawRegulation/PublicComm ents/HowtoSubmit/index.htm

What rules are being discussed
http://cftc.gov/LawRegulation/DoddFrankA ct/Rulemakings/index.htm

The red tape for submissions
“Members of the public who wish to submit official comments should submit them during the comment period commencing with the notice of proposed rulemaking published in the Federal Register.”

http://cftc.gov/LawRegulation/DoddFrankA ct/otc_31_general.html

]]> By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/10/14/wheres-todays-hellhound-of-wall-street/comment-page-1/#comment-19434 hsvkitty Fri, 15 Oct 2010 00:27:13 +0000 http://blogs.reuters.com/felix-salmon/?p=5808#comment-19434 As you said, it was at a time of higher moral standards. You will be hard pressed to find a powerful lawyer that has such standards today and isn't in it for the money. Besides most of the powerful lawyers are advising Banks how to skirt the new law and the rest are lobbying in banks favour to change the new law. According to this article, folks might want to look for more amendments to the Dodd franks bill, because as the ink dries, the vultures are circling, and coming in for the kill, again. It doesn't look good... so I wouldn't cross your fingers for any white knights to suddenly appear.... http://www.bloomberg.com/news/2010-10-14/wall-street-lobbyists-besiege-cftc-to-influence-regulations-on-derivatives.html As you said, it was at a time of higher moral standards. You will be hard pressed to find a powerful lawyer that has such standards today and isn’t in it for the money. Besides most of the powerful lawyers are advising Banks how to skirt the new law and the rest are lobbying in banks favour to change the new law.

According to this article, folks might want to look for more amendments to the Dodd franks bill, because as the ink dries, the vultures are circling, and coming in for the kill, again. It doesn’t look good… so I wouldn’t cross your fingers for any white knights to suddenly appear….

http://www.bloomberg.com/news/2010-10-14  /wall-street-lobbyists-besiege-cftc-to- influence-regulations-on-derivatives.htm l

]]>