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JPMorgan not alone
By Nancy Watzman May 15, 2012 10:12 a.m.With the news focused on JPMorgan Chase & Company's $2 billion "mistake" and company's lobbying campaign at financial agencies to permit the sort of trades that led to the loss, it's worth reviewing some other examples where industry have pushed hard to limit the reach of the Dodd-Frank financial law, arguing as JPMorgan did against a heavy hand because they could handle the risk.
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Big business seeks exemption from derivatives rules
By Nancy Watzman Mar 16, 2011 1:29 p.m.Some of Washington’s most powerful trade associations and big corporations are pushing to get an exemption from derivatives regulations mandated by the Dodd-Frank financial law—and House Republicans are planning to introduce legislation to do just that.
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Sen. Lincoln's proposed reform moves to the Senate floor for debate
By Ryan Sibley Apr 21, 2010 2:32 p.m.The financial reform legislation regarding derivatives voted 13-8 out of the Senate Agriculture Committee this morning and on to the Senate floor. It’s intended to fend off any future government bailouts and prohibit the risky behavior banks participate in that caused the 2008 financial meltdown. But of course, the very organizations that these new laws will affect are using their money and expertise to influence the lawmakers in charge of making reform happen.
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