-
The US Senate opened a new chapter in financial markets history yesterday afternoon by passing the Dodd-Frank Wall Street Reform and Consumer Protection Act by 60 votes to 39.
-
It’s lucky the cavalry happened to be passing. Deputies O’Malia and Dunn were sound asleep when Cantor and Veriana’s Knockabout Hollywood Carnival rolled into town and tried to pitch its tents in the main square.
-
Asking the SEC and CFTC to cooperate on new derivatives rules sounds like a great idea. But Philip McBride Johnson has a word of warning. The two see eye to eye about as much as Barack Obama and Sarah Palin.
-
Why haven’t more investment firms sued Wall Street banks for selling them trashy bonds? Could it be, asks Philip McBride Johnson, because they are scared their own ineptitude will come to light?