Political Capital

Posts tagged: dodd frank

Frank: High-Frequency Trading Deserves Congressional Hearings

Flash: Former House Financial Services Chairman Barney Frank says Congress should hold hearings into high-frequency trading to see if the “transformative” technology has out-stripped the federal government’s regulations intended to police it. “I think there should be serious inquiries,” the...

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Jacob "Jack" Lew, U.S. Treasury secretary, at the Pew Charitable Trusts in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Jacob "Jack" Lew, U.S. Treasury secretary, at the Pew Charitable Trusts in Washington, D.C.

Lew: Financial Reforms Unfinished

Here comes a full-Cabinet press on what the president calls the defining challenge of our time, the widening income inequities that are darkening the American Dream. In this installment, the message is all about pressing to finish the reforms of...

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Bill Gates, co-chair and trustee of the Bill and Melinda Gates Foundation, talks with former President Bill Clinton, right, during the closing plenary session of the annual Clinton Global Initiative (CGI) on September 23, 2010 in New York City.

Photograph by Brian Harkin/Getty Images

Bill Gates, co-chair and trustee of the Bill and Melinda Gates Foundation, talks with former President Bill Clinton, right, during the closing plenary session of the annual Clinton Global Initiative (CGI) on September 23, 2010 in New York City.

Washington Daybook: Bill and Bill’s American Adventure

Former President Bill Clinton and Microsoft’s Bill Gates discuss America’s future at the annual Peterson Foundation Fiscal Summit. They’ll be followed by speakers including Senate Budget Chairwoman Patty Murray, House Budget Chairman Paul Ryan and Assistant to the President for...

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This September 15, 2008 file photo shows the sign for Lehman Brothers headquarters in New York.

Photograph by Nicholas Roberts/AFP via Getty Images

This September 15, 2008 file photo shows the sign for Lehman Brothers headquarters in New York.

Dodd-Frank’s Missing Link

Many critics of the Dodd-Frank financial regulatory overhaul will say that the bill’s biggest shortcoming is its failure to reduce the size of the largest banks — the ones that are “Too Big To Fail.” Federal Reserve Governor Daniel Tarullo,...

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Ron Johnson, chief executive officer of J.C. Penney Co., arrives at State Supreme court in New York, on March 1, 2013.

Photograph by Jin Lee/Bloomberg

Ron Johnson, chief executive officer of J.C. Penney Co., arrives at State Supreme court in New York, on March 1, 2013.

Bloomberg By the Numbers: 1,795

Ron Johnson, the former chief executive officer of J.C. Penney Co., received a compensation package 1,795 times higher than the average wage and benefits of a U.S. department store worker, according to data compiled by Bloomberg. Such disparities are why...

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Stephen Strasburg #37 of the Washington Nationals pitches against the Miami Marlins at Nationals Park on September 7, 2012 in Washington, DC.

Photograph by Greg Fiume/Getty Images

Stephen Strasburg #37 of the Washington Nationals pitches against the Miami Marlins at Nationals Park on September 7, 2012 in Washington, DC.

Washington Daybook: Play Ball

Congress is out on its second week of spring recess. President Barack Obama and first Lady Michelle Obama host the White House’s 135th annual Easter Egg Roll, with celebrity story-tellers, chefs and athletes. The Washington Nationals will put star pitcher Stephen...

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Actor Daniel Day-Lewis and wife Rebecca Miller arrive at Hollywood & Highland Center on Feb. 24, 2013 in Hollywood.

Photograph by Christopher Polk/Getty Images

Actor Daniel Day-Lewis and wife Rebecca Miller arrive at Hollywood & Highland Center on Feb. 24, 2013 in Hollywood.

No Best Picture, but Another Washington Party for Lincoln

Fresh from a mixed Oscars performance, the reanimated spirit of Abraham Lincoln can seek solace today in the 150th birthday celebration kicked off by one of his lesser-known legacies. While fighting the Civil War and emancipating slaves, the 16th president...

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A Bank of America Corp. branch in New York City.

Photograph by Victor J. Blue/Bloomberg

A Bank of America Corp. branch in New York City.

Bill to Limit Too-Big-to-Fail Bank Risk Prepared in House

Rep. John Campbell plans to offer legislation aimed at reducing the size of “too-big-to-fail” banks by requiring them to hold more capital including long-term debt. Campbell’s bill comes as a number of lawmakers and regulators from both parties — including Federal Reserve Governor Daniel...

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Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), testifies during a Senate Banking Committee hearing in Washington.

Photograph by Andrew Harrer/Bloomberg

Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), testifies during a Senate Banking Committee hearing in Washington.

Single Consumer Director? Depends on Which Agency You Mean

Almost from the moment that the Consumer Financial Protection Bureau was created in 2010, Republican and Democratic lawmakers began fighting over whether the agency should be run by a commission or a director. Democrats are content with the single-director structure...

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