Tales from the Trail

Washington Extra

July 21, 2010

It was two years in the making, runs to 2,300 pages, took three Republicans to pass it, and 11 pens to sign it into law. President Barack Obama put the seal on a drastic overhaul of the rules governing Wall Street and the banking industry today, using a separate pen for each letter of his name. FINANCIAL-REGULATION/OBAMA

from Summit Notebook:

What if there were no “too big to fail”? Fed’s Hoenig has a vision

April 26, 2010

USA/Democrats and Republicans alike on Capitol Hill say they want to toss out the concept of "too big to fail" in the financial regulation reform they are tussling over. That way if a financial firm is going to go under, it will go under, with no thought for a taxpayer handout.

Who are you calling a “punk staffer”?

March 18, 2010

House Republican leader John Boehner’s comment about “punk staffers” involved in the writing of the financial regulation bill did not seem to sit well with White House economic adviser Lawrence Summers.

from MacroScope:

Another kind of death panels

September 23, 2009

U.S. Representative Barney Frank has never been shy about expressing his opinions. His opening remarks at a hearing he chaired with Treasury Secretary Timothy Geithner on Wednesday was no exception. Frank poked fun at a political squabble over healthcare reform as he detailed his position on what to do about non-bank financial firms considered "too big to fail."

Have lessons been learned on Wall Street?

September 14, 2009

President Barack Obama went to Wall Street on the one-year anniversary of the Lehman Brothers collapse to make a push for greater regulation of the financial industry. OBAMA-REGULATION/