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Four years after Lehman Brothers collapse, financial industry still works its political will
By Bill Allison Sep 14, 2012 12:55 p.m.Like the assassination of Archduke Franz Ferdinand that touched off World War I, the collapse of Lehman Brothers, the largest underwriter of bonds backed by subprime loans when it declared bankruptcy on Sept. 15, 2008, was an event whose repercussions extended far beyond its executives, investors and creditors. It touched off a financial crisis that's affected employment and earnings of the middle class.
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Survey Says... House Republicans Schedule Bevy of Critical Dodd-Frank Hearings
By Becca Heller and Nancy Watzman Jul 18, 2012 8:28 a.m.House Republicans are on an anti-Dodd-Frank blitz, but with a populist twist, leading up to the financial reform law’s second birthday later this week.
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After health care, what will happen to Dodd-Frank?
By Nancy Watzman Jun 28, 2012 4 p.m.While the U.S. Supreme Court has now upheld the health care reform law as constitutional, conservative groups still are on a legal attack on the constitutionality of one of the other signature achievements of President Barack Obama’s term in office: the Dodd-Frank financial reform law.
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Jamie Dimon on Senate hot seat: Can money buy him love?
By Kathy Kiely Jun 13, 2012 8:55 a.m.When JPMorgan chief executive Jamie Dimon delivers his not-so-abject apology for his bank's $2 billion-plus blooper on Wednesday morning, he'll be facing some interrogators who are also his beneficiaries.
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More JPMorgan meetings with Treasury on Volcker rule
By Nancy Watzman May 31, 2012 1:34 p.m.JPMorgan executives, including CEO Jamie Dimon, attended several meetings at the Treasury Department last month to discuss the controversial Volcker rule and other matters related to the Dodd-Frank financial reform law, according to new meeting logs released by the agency Thursday.
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Trying to track JPMorgan? Treasury Dodd-Frank meeting logs not up to date
By Nancy Watzman May 16, 2012 1:51 p.m.Updated 4:22 p.m. The Treasury Department has now fixed the link to March meetings with outside groups concerning implementation of the Dodd-Frank financial reform law. A spokesman also just called to thank us for alerting the agency to the missed deadline.
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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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Super PAC profile: State bankers target lawmakers over Dodd Frank law
By Nancy Watzman Apr 5, 2012 12:08 p.m.A group of state-based banking associations have launched a new Super PAC--known as "Friends of Traditional Banking"--to target lawmakers who they consider hostile or friendly to their concerns: namely, the Dodd-Frank financial overhaul law.
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Big financial interests chip away at Dodd Frank regulations
By Nancy Watzman Mar 26, 2012 4:43 p.m.Today the House plans to take up two industry-backed bills dealing with derivatives, the hitherto opaque financial instruments so crucial to the 2008 meltdown, under a procedure usually reserved for noncontroversial matters.
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Banking money fuels senators who want to slow down Volcker
By Nancy Watzman Mar 22, 2012 6:33 p.m.The six senators who introduced legislation Thursday to slow down implementation of the "Volcker rule," designed to prohibit banks from profiting from trading on their own accounts, are the recipients of ample amounts of campaign cash from the financial industry.
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Big banks press financial agencies on Volcker rule
By Nancy Watzman Feb 14, 2012 12:42 p.m.Big banks paid calls on federal financial agencies in the days leading up to Monday's midnight deadline for the public to submit comments on the controversial Volcker rule, a provision of the Dodd-Frank financial regulatory legislation meant to prohibit banks from using customers' money to make risky bets on the market.
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Revolving door boosts private equity lobbying
By Nancy Watzman Jan 30, 2012 7:22 p.m.The Private Equity Growth Capital Council has a new president with Democratic credentials who has been through Washington's revolving door.
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Regulators lobbied by industry testify on Volcker rule
By Nancy Watzman Jan 18, 2012 3:42 p.m.Federal regulators have had at least 89 meetings with outside groups, most of them big banking interests, about the controversial "Volcker rule," the provision in the Dodd-Frank financial law that prohibits banks from making bets with their own money. The effort to curb the practice, widely held to be a contributor to the 2008 financial meltdown, was the subject of a hearing in Congress today.
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Futures industry nabs former government regulator as new leader
By Nancy Watzman Jan 10, 2012 5:06 p.m.In the latest example of a former financial regulator finding employment in the industry, the Futures Industry Association (FIA) has announced that its new president will be a former leader at the Commodity Futures Trading Commission (CFTC).
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