Economy Watch Archive: Congress
Part of Sarbanes-Oxley struck down, but is the rest of the law worth keeping?
The Supreme Court struck down one element of the Sarbanes-Oxley legislation today, saying that some federal provisions that created the Public Company Accounting Oversight Board, a private regulatory body meant to discipline accountants who work with big firms, was unconstitutional....
By
Frank Ahrens
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June 28, 2010; 1:46 PM ET |
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Congress
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Your one-stop-shop for financial regulatory reform
Here are some links you need to check out if you want to know everything about the sweeping financial regulatory reform bill that was hammered out around 5 a.m. today. Read these, know these and don't read anything else. That's...
By
Frank Ahrens
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June 25, 2010; 2:45 PM ET |
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Congress
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Wall Street
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Top government officials stop work to watch U.S. win World Cup match
It wasn't just your office that came to a standstill during the gripping final moments of the dramatic 1-0 U.S. World Cup victory over Algeria this afternoon. The people who run your government and its economy were watching, too, according...
By
Frank Ahrens
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June 23, 2010; 4:47 PM ET |
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Congress
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Treasury
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BP CEO Tony Hayward to testify on Capitol Hill next week
Following the partial success of his oil spill cap, embattled BP chief executive Tony Hayward will testify before the House Energy and Commerce next Thursday at 10 a.m. Hayward has increasingly become an object of scorn from Capitol Hill and...
By
Frank Ahrens
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June 8, 2010; 1:19 PM ET |
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Congress
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Corporations
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Credit rating agencies: The real villain in the financial crisis?
Image by Getty Images via DaylifeBig Wall Street banks have been demonized as the villains of the financial crisis -- creating exotic financial instruments that no one really understood, maybe misleading investors about efficacy of those instruments and then blithely...
By
Frank Ahrens
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May 13, 2010; 11:55 AM ET |
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Congress
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Corporations
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Wall Street
| Tags: Business, Collateralized debt obligation, Credit rating agency, Good Housekeeping, Moody, New York State Attorney General, Standard & Poor, Wall Street
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Blankfein speaks Martian, Levin speaks Venutian
UPDATED at 6:18 p.m.: There's really no way to describe the looong exchange between Sen. Carl Levin (D-Mich.) and Goldman Sachs chief executive Lloyd Blankfein as anything else than two people not speaking the same language. Levin was speaking...
By
Frank Ahrens
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April 27, 2010; 6:18 PM ET |
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Congress
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Corporations
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The Ticker
| Tags: Carl Levin, Dan Sparks, Fabrice Tourre, Fabulous Fab, Goldman Sachs, Long Beach mortgage, SEC, Subprime lending, United States, United States Senate, United States Senate Homeland Security Permanent Subcommittee on Investigations, Wall Street, daniel sparks goldman sachs, fabrice tourre emails, josh birnbaum, josh birnbaum goldman sachs, shitty deal
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