House Moves to Gut Derivatives Regulations Again

By: Tuesday May 7, 2013 2:55 pm

Noted Wall Street ski buddy and House Financial Services Chairman Jeb Hensarling is moving to re-deregulate derivatives by gutting the Dodd-Frank Act. Apparently one financial crisis this century is not enough for Hensarling and friends as the House today is marking up a slew of bills to help Wall Street avoid derivatives oversight.

The Committee on Financial Services will meet in open session to mark up the following measures:

 

Maxine Waters Easily Attains Ranking Democratic Spot on House Financial Services

By: Tuesday December 4, 2012 5:30 pm

On both sides of the Capitol, there was news on the committee that holds oversight responsibilities over Wall Street today. In addition to Elizabeth Warren getting her spot on the Senate Banking Committee, Maxine Waters assumed the spot of ranking member on the House Financial Services Committee.

Maxine Waters Cleared in Long-Running Ethics Case

By: Friday September 21, 2012 1:00 pm

The House Ethics Committee has cleared Maxine Waters of wrongdoing in a celebrated but thin case over whether she improperly set up a meeting between the Treasury Department and a troubled bank in which her husband had a stake. Her chief of staff (and grandson), Mikael Moore, still faces scrutiny. But Waters “went above and beyond what was required of her,” according to one Republican on the committee.

House Committee Rakes Geithner Over the Coals About Libor

By: Wednesday July 25, 2012 11:05 am

Tim Geithner is testifying before the House Financial Services Committee on a number of issues today. It looked like he would skate by without questions on the Libor scandal until Scott Garrett, an unlikely source, tore into him. And it got worse.

Waters Challenges Khuzami on Securitization Fraud Task Force, Gets Revealing Answers

By: Friday May 18, 2012 9:00 am

Rep. Maxine Waters (D-CA), who is in line to take over as the lead Democrat on the Committee, actually referenced the interview I did with Elizabeth Warren yesterday, in questioning of Robert Khuzami, who is both the head of enforcement at the SEC and a co-chair of the RMBS working group, the panel that is supposed to be investigating fraudulent actions in the securitization of mortgages. Waters used the fact that Warren expressed no confidence in the working group or any other measures from the regulatory and law enforcement communities to hold banks accountable to launch into a series of questions about the RMBS working group and its progress.

Frank, Miller Try to Open Up Accountability for Fed, OCC

By: Thursday April 19, 2012 5:45 pm

Barney Frank and Brad Miller tried to shake up a House Financial Services Committee hearing yesterday. As per usual, Republicans wanted to go after the CFPB’s funding and subject it to the appropriations process. As it stands, CFPB derives its funding from a portion of the funding of the Federal Reserve, which comes from sources independent of Congress. The argument goes, why should CFPB be exempt from Congressional oversight in terms of its funding? The real agenda is that Republicans would then squeeze funding for CFPB to render them ineffective, or attach strings to the funding, either explicitly or implicitly.

MF Global CFO Learned of Shortfall in Customer Funds During Firm’s Collapse

By: Wednesday March 28, 2012 12:10 pm

At a House Financial Services Committee hearing today, former MF Global CFO Christine Serwinski will testify that customer funds were used to cover proprietary bets. This comes on the heels of a treasurer at the company alleging that MF Global CEO Jon Corzine ordered $200 million to be moved from customer accounts to cover a payment to JPMorgan Chase. And they still haven’t found the money.

Corzine Ordered $200 Million Raid on MF Global Customer Accounts

By: Saturday March 24, 2012 10:15 am

In the most damning evidence thus far of malfeasance at MF Global, Bloomberg reports that former New Jersey Senator and Governor Jon Corzine, while CEO of the company, personally ordered $200 million in investor funds transferred to cover an overdrawn account at JPMorgan Chase.

GOP’s Bachus (R. Ala) Propping Up Primary Campaign With Big Bank Cash

By: Tuesday March 13, 2012 11:45 am

In addition to Presidential primaries in Alabama and Mississippi today, there are primary elections for Congress as well. And a new SuperPAC devoted to beating incumbents has a few more races in their sights today. One of them involves the powerful chair of the House Financial Services Committee, GOP Rep. Spencer Bachus.

McHenry Plans to Embarrass Himself Again With CFPB Hearing

By: Thursday January 12, 2012 12:30 pm

The last time Patrick McHenry, the Billy Zabka of the House Republican caucus, held a hearing with a member of the Consumer Financial Protection Bureau, it didn’t turn out too well. He called Elizabeth Warren a liar and generally tried to bully her, and received quite a backlash in the process.

SUPPORT FIREDOGLAKE
Follow Firedoglake
TODAY’S TOP POSTS
CSM Ads advertisement
Advertisement
Upcoming FDL Book Salons

Saturday, August 30, 2014
2:00 pm Pacific
The Nixon Defense: What He Knew and When He Knew It
Chat with John Dean about his new book.

Sunday, August 31, 2014
2:00 pm Pacific
Imagine: Living In A Socialist USA
Chat with Pau LeBlanc, Debby Smith, and Michael Steven Smith about their new book. Hosted by Deena Stryker

GET UPDATES

Sign up to receive Firedoglake's headlines by email: