Topic: Douglas Elliott

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Gargantuan financial reform bill: It's not just for banks

The financial reform bill awaiting final votes in the House and Senate encompasses everything from banking to insurance to African minerals used in high-tech gadgets. Is that a good thing?
Financial reform bill: What does it do about firms deemed 'too big to fail'?

Financial reform legislation hammered out Friday between the House and Senate is the biggest set of new bank regulations since the Depression. But experts disagree on whether it can eliminate 'too big to fail' banks and prevent future bailouts.
Will financial reform end big bank bailouts?

Lawmakers are pledging to end bailouts in the financial reform bill that the Senate is considering now. But many experts say bank bailouts can and will occur again.
Financial reform bill takes shape as decision looms on 'Fed audit'

Senate lines up behind some financial reform provisions that get tough on Wall Street, but not all. Rep. Ron Paul alleges that one senator 'sold out' by watering down a provision to audit the Federal Reserve.
Obama moves to cut big banks down to size

President Obama Thursday proposed new limits on banks' size as well as their ability to take risks. The move is part of reform measures to avert a repeat of the practices that led to the financial crisis. The stock market fell in response to the news.
Obama proposes fee on big banks. But who would really pay?

The bankers should pay, Obama says. But some think the money would come out of shareholders’ pockets, and others say the big banks would pass it along to consumers and businesses.
Bailout aftermath: Obama proposes fee on big banks

To recoup taxpayer money used in the bailout of financial firms, Obama on Thursday outlined a fee that big banks would have to pay for 10 years or more.
Dow loses 154 amid Dubai World woes, but it could have been worse

A sell-off on Friday drove Dow down 154 points, as traders took stock of postponed debt payment at conglomerate Dubai World.
Obama Wall Street speech: execs wary of his reforms

He called on the financial industry to join in an effort to update regulations for the 21st century.
A year after Lehman collapse, signs US recovery has begun

President Obama delivers a major economic speech Monday to assess progress in the year since Lehman Brothers' collapse ignited a financial crisis.
Is US poised to bail out another financial institution?

CIT is one of America’s largest lenders to small businesses. It also made many subprime mortgage loans and is now seeking US assistance.
Trouble for federal agency that backs 44 million pensions

The Pension Benefit Guaranty Corp. faces rising deficits. A big bankruptcy could swamp it.
Geithner's big week with Congress, bank plan

The Treasury secretary begins to find his footing after a shaky start.
Wall Street warms to ‘toxic assets’ plan

Geithner's plan aims to use public and private money to clean up $500 billion to $1 trillion in bad loans.
Should US take over weak banks?

Nationalizing troubled banks may end the credit crisis sooner, some experts argue. Others cite huge risks.