Topic: U.S. House Committee on Financial Services
Top galleries, list articles, quizzes
-
Ron Paul vs. the Federal Reserve: four epic moments
Ron Paul hasn't been the Federal Reserve's only critic, but he ranks among the most consistent and persistent in his charge that the Fed has debased the dollar and destroyed the wealth of Americans.
-
Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
-
Briefing Five things Ron Paul wants from the Republican National Convention
It looks as if Ron Paul is going to be an active participant in the Republican National Convention in Tampa this August. Here’s our take on the five things Paul hopes to gain from staying within his party’s tent in 2012.
-
Photos of the Day Photos of the Day 03/02
All Content
-
Robert Reich Want to avoid bailouts? Break up the big banks.
It's time to limit the size of banks and break up the biggest ones on Wall Street, Reich writes.
-
Reasons the House delayed approval of Sandy disaster relief
The House passed, 354 to 67, a $9.7 billion bill to top off the National Flood Insurance Program and help victims of superstorm Sandy. The timing has been delicate for the GOP-controlled House.
-
Decoder Wire Barney Frank wants to be a senator. Is that a good thing or bad? (+video)
In media interviews Friday, just-retired Rep. Barney Frank said he'd like the Massachusetts governor to appoint him as an interim senator. In his 16 terms in the House, he had both highs and lows.
-
Barney Frank asks for interim Senate appointment
Frank, who served 16 terms and headed the House Financial Services Committee, says the next few months will be important for the nation's finances.
-
The Vote Big losers in 'fiscal cliff' talks? Tea party, perhaps.
House Republicans say Election 2012 validated their tea party-backed revolution two years earlier. But two moves Monday suggest that House leaders are turning away from the movement.
-
Ron Paul's last hurrah: a big, bipartisan vote to 'Audit the Fed'
Today's vote marks a high point for Paul, who is retires at the end of the year. His signature bill requires a full audit of the Federal Reserve – a move that critics, including Fed chair Ben Bernanke, dub 'nightmarish.'
-
Apple's earnings miss could undermine wobbly market
Apple stock falls in after-hours trading after it reports disappointing quarterly earnings and revenue. Apple faces same headwinds as other multinationals with lower earnings this quarter.
-
Ron Paul vs. the Federal Reserve: four epic moments
Ron Paul hasn't been the Federal Reserve's only critic, but he ranks among the most consistent and persistent in his charge that the Fed has debased the dollar and destroyed the wealth of Americans.
-
The Vote Ron Paul vs. Ben Bernanke: final battle ends on surprising note
With Rep. Ron Paul retiring this year, his epic battles with Federal Reserve chairmen are coming to an end. But his last run-in with Ben Bernanke took a more reflective turn.
-
Dimon in the hot seat before Congress
The JPMorgan Chase CEO was in front of Congress for a second time; he is under fire for a $2 billion trading loss.
-
JPMorgan Chase CEO: Shareholders had risk info
JPMorgan Chase CEO Jamie Dimon insisted his bank did its best to inform investors about its risk strategy preceding its $2 billion-plus trading loss. JPMorgan Chase used risk assessment models that provided the best information at the time, according to Dimon.
-
Jamie Dimon fields Congress questions on $2B trading loss
Jamie Dimon, the embattled JPMorgan Chase CEO, returns to Congress Tuesday to face more questions about the $2 billion trading loss incurred by the bank. Jamie Dimon is testifying before the House Financial Services Committee.
-
Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
-
Facebook lawsuits: Did all shareholders get same data in IPO?
Facebook lawsuits charge that banks in charge of IPO didn't share company information with all shareholders. In addition to Facebook lawsuits, two congressional committees are also investigating the IPO.
-
Briefing Five things Ron Paul wants from the Republican National Convention
It looks as if Ron Paul is going to be an active participant in the Republican National Convention in Tampa this August. Here’s our take on the five things Paul hopes to gain from staying within his party’s tent in 2012.
-
Key Republican lawmaker questions JP Morgan loss
The chairperson of the House Financial Services subcommittee, Shelley Moore Capito, discussed the loss during hearings.
-
JPMorgan Chase trading fiasco: What to do about big banks?
JPMorgan's loss of $2 billion shows that the forces that unleashed the recession remain partially untamed – and that Congress is still struggling to get a handle on the solution.
-
Obama signs STOCK Act, banning insider trading by members of Congress (+video)
Obama said the move to bar insider trading among lawmakers would assure everyone 'plays by the same rules.'
-
Goldman resignation tip of iceberg
While Greg Smith's public resignation has attracted media attention, regulators and Wall Street insiders say Goldman Sachs' problems come as no surprise.
-
Why Congress is warming up to ban on insider trading
On Tuesday, the House Financial Services Committee launched a hearing on legislation that would explicitly ban members of Congress from insider trading.
12/06/2011 12:26 pm -
House committee subpoenas former MF Global CEO Jon Corzine
The former CEO of the bankrupt investment firm has been called before a congressional committee next week.
12/02/2011 12:27 pm -
Barney Frank exit may signal the end of glory days for Mass. Democrats
Barney Frank will not seek re-election in 2012, but will there be enough Democratic fire power left in Massachusetts after he's gone?
11/30/2011 12:23 am -
The Vote Why is Rep. Barney Frank retiring? (VIDEO)
Rep. Barney Frank (D) of Massachusetts, who has served for 16 terms, will not seek reelection. Here are three reasons he might have made that decision.
11/28/2011 12:41 pm -
Barney Frank to retire after three decades
Rep. Barney Frank's office says he will hold a 1 p.m. news conference in Newton, Mass. to make the formal announcement that he will not run for reelection in 2012.
11/28/2011 10:55 am -
Freddie Mac, on taxpayer support, pays big bonuses
Freddie Mac, Fannie Mae defend $13 million in bonus payments. Executives tell House committee that bonuses needed to keep qualified staff at Freddie Mac and Fannie Mae.
11/17/2011 12:39 am
Become part of the Monitor community