(Wall Street Journal) — After fending off most challenges to its independence and winning new powers to oversee big financial firms, the Federal Reserve has emerged from a bruising debate on the overhaul of U.S. financial rules as perhaps the pre-eminent regulator in the sector. But that could only bring it added blame if things […]
Congressional negotiators reach agreement on financial reform.
(LATimes.com) — President Obama made a forceful new push Wednesday for a sweeping overhaul of financial regulations to avert future economic catastrophes, but the long-sought legislation is in danger of stalling amid a gathering Capitol Hill firefight similar to the bitter healthcare battle. The proposed overhaul, which has moved to the top of Democrats’ legislative […]
Buying & selling of investments on financiers’ own books to be curbed.