Gensler: Regulation doesn’t go far enough

Commodity Futures Trading Commission chairman Gary Gensler believes proposed regulation by the Obama administration to govern derivative markets could contain loopholes. Gensler tells the Washington Post that the legislation leaves significant elements of the market out of the reach of regulators and undermine efforts to combat fraud.  Of particular concern to Gensler is:  certain types of [...]

Congress considers regulating derivatives

The Washington Post has a story about how Congress is debating legislation whether to regulate derivatives. The legislation includes establishing a single agency to oversee credit and mortgage lending, to give the Federal Reserve new powers, and to tighten regulations over a host of financial firms and practices: The Obama administration formally proposed legislation on Tuesday to regulate exotic [...]

Learsy questions banks over role in oil speculation

Raymond J. Learsy, scholar and author of the Over a Barrel: Breaking Oil’s Grip on Our Future, has written an interesting piece in the Huffington Post that’s worth a read. In his piece, Learsy looks at how investment banks turned bank holding companies like Morgan Stanley and Goldman Sachs have used the Tarp fund and other taxpayer [...]