Mike & Co. — The newly-installed the Minneapolis Federal Reserve Bank and former Special Investigator overseeing the TARP program came to town yesterday advocating drastic action to head off a financial sector systemic risk crisis, calling for the nation’s biggest banks to be broken up. His speech, delivered at Brookings, got noticed, with lengthy coverage in the NYT, WSJ, …
Mike & Co. — Congratulations, team. Last night’s narrow win in Iowa provided a big moral victory and took some of the win out of the challenger’s sails. It also means that, for at least several weeks, the Democratic nomination contest will continue apace. And it is likely that Wall Street regulation will likely remain one the campaign’s …
Mike & Co. — After the GOP captured the Senate in the midterm elections, the main question in the financial regulatory world as 2015 began was whether Congress would rollback key parts of Dodd-Frank Act (DFA) as the GOP-controlled House had been voting to do over the previous four years. How did the two sides …
Mike & Co. — The holiday season ends December 16, apparently. On that day, almost all now agree, the seven-year national zero-interest rate season will end. It is as baked in as the sun in the morning — barring calamity in the November jobs report, of course. All year long Senate Banking Chair Shelby has …
Mike & Co. — Positions are already being staked out in anticipation of a compromise on financial regulatory policy next month as part of a long-term extension of the FY 2016 Continuing Resolution. How deployments look right now is sketched out below. Great weekends, everyone… Dana ———- The terms of engagement for year-end changes …
Hi Mike — The House passed HFT as predicted yesterday, by a vote of 312-119, reauthorizing surface transportation programs through December 18 at $8.1 billion, paid for with seven revenue provisions. 132 Democrats supported the bill but 180 opposed it, most objecting to another temporary HFT re-up. Sen. Cruz is threatening to filibuster the bill in the Senate next …
