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 [...]