Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "House Banking"


3 mentions found


The story of Brooksley Born is not only the tale of a remarkable regulator whose Cassandra-like warnings — if heeded — could've prevented the great financial crisis from exploding into raging, ruinous enormity. Not long after she assumed chairmanship of the CFTC, Born started to feel a lingering unease with the rapidly expanding derivatives market. So to Rubin, Born was more of an inconvenience than anything, and she certainly wasn't in his club. Not long after, Treasury officials lobbied Congress to pass legislation preventing the CFTC from being able to regulate the OTC derivatives market. In the months and years that followed, it became increasingly hard to deny that the multi-trillion-dollar OTC derivatives market was the root cause of the great financial crisis.
Persons: Lehman Brothers, jolting, — could've, It's, Potter Stewart, Henry Edgerton, Porter, she'd, Bill Clinton, Clinton, Janet Reno, Brooksley, Michael Greenberger, Born, Gibson, weren't, Robert Rubin, Goldman Sachs, Rubin, Michael Hirsh, Alan Greenspan, Greenspan, Ayn Rand, Hirsh ., Hirsh, Greenspan didn't, braggadocian machismo, lauding Rubin, Lawrence Summers, Arthur Levitt, Josie Cox, Levitt, Summers, Jim Leach, Richard Lugar, , Bethany McLean, Joe Nocera, Bob Rubin, Born's Cassandra, George W, Bush, Lauren Rivera, Christine Lagarde, Lehman, ABRAMS Organizations: Stanford University, Stanford Law School, Stanford, Appeals, District of Columbia Circuit, Arnold, Futures Trading Commission, American, CFTC, Bankers Trust, Procter, Gamble, Sumitomo, Federal Reserve, Fed, Securities and Exchange Commission, Financial Markets, Abrams, Term Capital Management, Enron, SEC, Born, Northwestern's Kellogg School of Management, Financial, International Monetary Fund, Lehman Brothers, Reuters, Street, The Washington Post, Guardian, Abrams Press Locations: California, Vietnam, United States, Washington, America, ABRAMS , New York
CNN —Presidential history is lousy with ne’er-do-well sons. American history tells us a different story: Bad presidential sons are as old as the nation itself, yet political opponents have never thought weaponizing them would win an election. If there is evidence that a sitting president, a former president, a presidential candidate, a presidential heir or anyone else, has committed a crime, he or she should be held accountable. “I never did in my Life know a Youth so exceedingly indolent, or so surprisingly voluptuous,” Jack’s tutor, Reverend Jonathan Boucher, wrote to George Washington. Devoted students of history would object to wasting precious time and resources on a nothingburger scandal about a president’s unelected son.
Persons: Alexis Coe, George Washington, John Quincy Adams, Beau Biden, Alexis Coe Sylvie Rosokoff, Joe Biden’s, Hunter, , Sisyphus, John, Jacky, Custis, , Jonathan Boucher, Jack’s, Wash, — Thomas Jefferson, James Madison, James Monroe, Washington, , John Payne Todd, Brother Madison, ” John Adams, Thomas Jefferson, Robert Lincoln, Abraham Lincoln, Mary, Abraham Lincoln’s, Robert, Mary —, George H.W, Bush, George W, Neil Bush, Mark Reinstein, , ” Theodore Roosevelt, Alice Roosevelt, ” Patti Davis, Ronald Reagan’s, It’d, Hunter Biden, Donald Trump, it’ll, Trump, can’t, Biden, Joseph P Organizations: New, CNN, Justice Department, Washington, Silverado Banking, Savings, House Banking, Finance, Urban Affairs, Washington DC, Playboy, Republican, Department, & $ Locations: New America, America’s, America, Washington, Madison, Illinois, Loan, United States
JPMorgan Chase is buying most assets of the troubled First Republic Bank and assuming all of its deposits in a deal announced Monday that was arranged by the US Federal Deposit Insurance Corporation. The independent agency’s new forced intervention is likely to fuel concerns about the overall health of the US banking sector. Biden’s new political headacheThe new concerns over the banking sector put the administration back in an unappealing position. Some progressive Democrats have balked at the idea that already mighty banks will get bigger by stepping in to snap up assets of troubled banks. On Sunday, he called for a shift in federal government policy to ensure all bank deposits.
Total: 3