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 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.
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.
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.
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.
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.
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.
A sell-off on Friday drove Dow down 154 points, as traders took stock of postponed debt payment at conglomerate Dubai World.
He called on the financial industry to join in an effort to update regulations for the 21st century.
President Obama delivers a major economic speech Monday to assess progress in the year since Lehman Brothers' collapse ignited a financial crisis.