Regulator Blasts Congress, Dark Twisted Shoe Fantasy, Bosses For The Win And More

Friday, June 8, 2012

Top Regulator: Congress 'Sides With Wall Street'

In the ongoing struggle to shield ordinary Americans from the risks and excesses of big banks, Congress can be counted on to stand with... the big banks.

That's according to Gary Gensler, head of the Commodity Futures Trading Commission, who said at an industry event on Thursday that a recent proposal from the House Appropriations Committee to cut his agency's funding by 12 percent is evidence that Congress "sides with Wall Street."

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BLOG POSTS

	Leo Hindery, Jr.: A More Honest Assessment of Private Equity A generation ago, leaders in business, government and labor all understood that national prosperity depends on a vibrant middle class growing from the bottom up. Corporate responsibility should flow equally to investors and workers.
	Bob Burnett: The Facebook Debacle There will be many possible themes for the 2012 Presidential election -- jobs, women's rights, and religious tolerance, among others. But a central theme should be "who do you trust to clean up Wall Street?"
	Matthew Schoenfeld: To Dodd-Frank: Adapt or Engender More JPM-like Losses Large losses are most often caused by unpredictable price movements that are impossible to predict using historical pricing data. Instead of attempting the impossible, regulators should utilize the information that they do have.
	Richard (RJ) Eskow: 40 Million Strong: Underwater Homeowners Can Fight and Win ... If They Get Organized The number of people living in underwater homes is larger than the number of people living in twenty-two states and the District of Columbia. Underwater homeowners could become an enormous political force.
	Jerry Jasinowski: A Down Week for the President There is a timeless ebb and flow about politics -- one week you're up and the next you're down -- and though it is much too early to start picking winners in the November sweepstakes, I don't believe there is any question this has been a tough week for President Obama.