Tales from the Trail

Washington Extra – A moratorium on moratoriums

October 12, 2010

It’s official. Moratoriums are out (as are moratoria if you prefer the Latin plural). On the day the White House rejected calls for a nationwide moratorium on home foreclosures, it also lifted its own moratorium on deepwater drilling for oil and gas. Some Democrats, especially those like Harry Reid facing tough election races in November, had been calling for a foreclosure ban. But President Barack Obama, who doesn’t face voters directly for a couple more years, has accepted the longer-term argument that a broad halt to evictions would slow a recovery in the housing market and the economy.

from Summit Notebook:

Against high Hill drama, SEC chief mum on Goldman

April 27, 2010

First of all, Securities and Exchange Commission Chairman Mary Schapiro would not talk about Goldman Sachs.

from Summit Notebook:

ABA’s Yingling sees danger in rhetoric: it’s Wall Street, not banks

April 26, 2010

REGULATION-SUMMITEd Yingling, president and CEO of the American Bankers Association, is a little worried about the rhetoric that's been flying around as Congress tries to produce financial reform legislation.