Financial Regulatory Forum

Financial reforms gain traction in U.S. Congress

Reuters Staff
Oct 14, 2009 20:06 UTC
Barney Frank | consumer financial protection agency | derivatives | edolphus towns | executive pay | house agriculture committee | house financial services committee | regulatory reform

Committee Chairman Edolphus Towns (D-NY) (C), ranking member Rep. Darrell Issa (R-CA) (L) and Rep. Dennis Kucinich (D-OH) (R) talk to reporters after testimony by U.S. Federal Reserve Chairman Ben Bernanke about his role in Bank of America's acquisition of Merrill Lynch, at a hearing of the House Oversight and Government Reform Committee on Capitol Hill in Washington, June 25, 2009. REUTERS/Jonathan Ernst (UNITED STATES POLITICS BUSINESS) By Kevin Drawbaugh
WASHINGTON, Oct 14 (Reuters) – A senior U.S. lawmaker lashed out anew over the rich pay packages awarded to executives of bailed-out banks on Wednesday, as Congress took steps to move ahead on financial regulatory reform.

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Congress to examine SEC failure to probe warnings on Moody’s

Reuters Staff
Sep 30, 2009 15:01 UTC
credit rating agencies | edolphus towns | house oversight and government reform committee | moody's | securities and exchange commission

Committee Chairman Edolphus Towns (D-NY) (C), ranking member Rep. Darrell Issa (R-CA) (L) and Rep. Dennis Kucinich (D-OH) (R) talk to reporters after a hearing of the House Oversight and Government Reform Committee on Capitol Hill in Washington, June 25, 2009. REUTERS/Jonathan Ernst (UNITED STATES POLITICS BUSINESS) (FILE) WASHINGTON, Sept 30 (Reuters) – A congressional panel will expand its examination of credit rating agencies to look at why U.S. securities regulators ignored warnings from former Moody’s Corp executives about the company’s weak compliance department and ratings process.

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AIG stabilizes, new bailout plan considered

Reuters Staff
Sep 21, 2009 20:07 UTC
AIG | american international group | edolphus towns | government accountability office | hank greenberg | Robert Benmosche | U.S. Treasury

The American International Group (AIG) building is seen in New York, March 24, 2009. WASHINGTON/NEW YORK, Sept 21 (Reuters) – Insurer American International Group Inc’s once-desperate financial state has started to stabilize, a government agency said on Monday, as an influential lawmaker said he would look at easing the terms of the insurer’s federal bailout once more.

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