Tag Archives: banking regulation

It’s the Derivatives, Stupid!

Thomas Hoenig, vice chairman of the Federal Deposit Insurance Corporation, said in an Aug. 13 interview with Reuters that the main reason the U.S. Financial Services Oversight Board of regulators decisively rejected the big banks’ “living wills” on Aug. 8, … Continue reading

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Darrell Issa Takes On Obama Protection of Wall Street

Breaking from profile, Darrell Issa, chairman of the House Oversight and Government Reform Committee, has decided to investigate the “litigation policy” of the Obama Department of Justice “with respect to large financial institutions accused of illegality and fraud.” In a … Continue reading

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Italian Legislator: “It Is Not Just about Argentina, But About a Just International Order”

In an interview which will be published in EIR, one of the initiators of the Italian Parliamentary Petition on Argentina said the Petition has already gained a hundred signatures. Fabio Porta, member of the Foreign Affairs Committee and President of … Continue reading

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Nearly 600,000 Sign for Glass-Steagall; Petitions Delivered to U.S. Senate

Petitions signed by nearly 600,000 American citizens, calling for Senate action on the 21st Century Glass-Steagall Act, were delivered yesterday afternoon to the bill’s primary sponsor, Senator Elizabeth Warren (D-Mass.), as well as all other United States Senators, asking them … Continue reading

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New Legislative Initiative in Italy for a National Glass-Steagall Act

Tuscany City Councilman Gabriele Chiurli has started a procedure for a national Glass-Steagall Act. Italian law allows a local legislative body to introduce national draft bills, which, however, must be first approved by the local legislature—in this case, the Regional … Continue reading

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FDIC Vice-Chair Hoenig: “Separate Out Commercial Banks from Those Doing Broker-Dealer Trading Activities”

FDIC Vice-Chair Thomas Hoenig pointed to a number of problems which still threaten the soundness of the U.S. banking system in interview published in the May 20, 2014 CNN/Fortune magazine in an interview with Eleanor Bloxham, CEO of the Value … Continue reading

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Bill Clinton: Glass-Steagall Repeal Didn’t Cause Crash, But Deregulation of Derivatives Did

Bill CLinton spoke Wednesday at the Peter Peterson Foundation 2014 Fiscal Summit, interviewed by Gwen Ifill of PBS. Ifill noted the widespread discussion about deregulation, and asked Clinton if he had gone too far in deregulating the economy, contributing to … Continue reading

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