Word: reformations
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...pawnshop stocks. When the most restrictive proposal - a 36% cap proposed by Senator Richard Durbin, a Democrat from Illinois - failed to win support, the shares rebounded. However, the Senator has reintroduced the bill in the current session of Congress, and it could ultimately find its way into financial-industry reform. More worrisome to investors is the potential power of a Consumer Financial Protection Agency, part of the financial-reform bill recently passed by the House and under consideration in the Senate. Under the current versions of the bill, the agency would not have the power to set interest rates...
...failures that caused the crisis were missteps by management, sometimes even themselves, but not the result of faulty regulation. Lloyd Blankfein, CEO of Goldman Sachs, told the panel, "After the shocks of recent months and the associated economic pain, there is a natural and appropriate desire for wholesale reform. We should resist a response, however, that is solely designed around protecting us from the 100-year storm." (See the top 10 crooked CEOs...
...blog post echoes another op-ed Lewis and Computer Science Professor Fred Abernathy co-wrote for the Boston Globe in December, calling for some of Harvard’s seven Fellows (who have lifelong terms) to resign and demanding reform of Harvard’s governance structure...
...stake is far more than a simple Senate seat, even one held by Ted Kennedy. Brown has boasted that if he wins, he'll be the linchpin in a successful GOP filibuster of health care reform, and Coakley has stressed on the campaign that she would be the 60th vote to deliver one of Kennedy's top priorities. If Brown were to win, Democrats would have to drop everything and fly to Maine to find out what Republican moderates Susan Collins and Olympia Snowe might want in exchange for their votes. Or, according to the Boston Herald, Massachusetts Democrats could...
ROBERT BYRD, 92-year-old Democratic Senator from West Virginia, dedicating his vote in favor of the chamber's health care bill, which passed on Dec. 24, to the late Massachusetts Senator, who made health care reform the hallmark issue of his career...