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You talk about the need for a financial-products safety commission. What do you think of the proposal the Obama Administration has put out there? In the outline form we've seen so far, it looks like a good idea. But as I say in the book, if the thing...
If regulators and politicians are slowing the process, though, it doesn't mean there's no movement. The House, with its solid majority of Democrats and tight control by Nancy Pelosi and House Financial Services chief Barney Frank, is expected to move legislation early in the fall. Senator Chris Dodd...
The tense meeting, first reported by the Wall Street Journal, took place at the Treasury department Friday afternoon and was attended by top regulators from all the major oversight bodies, including the FDIC, the Office of the Comptroller of the Currency, the SEC, the Commodities Futures Trading Commission, the Fed...
Regulatory reform has been a relatively low-profile issue for the Administration, compared with health care, the stimulus bill and cap-and-trade legislation. But substantively, Obama and Geithner's proposal has the potential to dramatically change the way America does business. The two men have proposed creating a consumer...
The most concrete policy proposal Abdullah offers is a promise to move to a parliamentary system. And while the idea does have some merit in a country that would benefit from more decentralized rule, it raises the question of whether a sitting President would actually be willing to relinquish power...