Occupy The SEC, one of Occupy Wall Street’s offshoots, has filed a lawsuit in hopes of forcing regulators to (finally) finalize the Volker Rule – a provision within the Dodd-Frank Act of 2010. Three years later many of the rules that Congress punted to regulators in the law have not even been made let alone enforced.
|By: DSWright Friday March 1, 2013 6:45 am|
|By: masaccio Sunday October 28, 2012 10:30 am|
This isn’t a participatory democracy. It’s the reality show of politics, with two guys battling it out over who gets to screw the public.
|By: David Dayen Wednesday June 13, 2012 6:45 am|
JP Morgan Chase CEO Jamie Dimon faces the Senate Banking Committee in a two-hour hearing scheduled for 10am ET today. He’ll be the only witness. Keep in mind that Dimon’s JPMorgan Chase has given millions to top-ranking members of the Banking Committee, so anything more than headline-grabbing and grandstanding without a real challenge to Dimon in the wake of the Fail Whale trades would be a bit of a surprise. I discuss his released testimony here and will be covering the hearing.
|By: masaccio Thursday February 16, 2012 11:30 am|
The Volcker Rule limits the ability of giant banks to destroy the economy. Their tool lobbyists explain how bankers stand for Truth, Justice, and the American Way of making money with taxpayer guarantees.
|By: masaccio Wednesday February 15, 2012 10:00 am|
Occupy the SEC has submitted a very fine comment on the proposed regulations under the Volcker Rule. The proposed regs are weak, and Occupy calls the agencies out for their lax regulation. Someone represents the 99% against the interests of banksters and their lap dog lawyers.
|By: David Dayen Tuesday February 14, 2012 8:20 am|
This week marks the end of the public comment period on the Volcker rule. The usual suspects have all delivered their comments. The huge finance lobby delivered their mass of comments, in particular calls for multiple exemptions and waivers. But a new group, Occupy the SEC, a collection of experts in finance which sprung out of the Occupy Wall Street movement, delivered a 325 page letter to the SEC about the rule reminding the SEC about their obligations to the public.