Skip to content

Category Archives: Regulatory

Open source time….

Well… I’ve been over at Riski all the time… and on Twitter too… Visit over there… and I’ll have a new project coming soon…

Mad meat… how securitized lending collapsed the financial system

Mad meat! how securitized lending collapsed the financial system View more presentations from catelong.

Capitalism’s scalptakers

I got a call yesterday from the communications director of the SEC’s Enforcement Division. He asked if I would publicize several high level job openings. Here are the positions: Associate Director, Division of Enforcement Chief Counsel, Division of Enforcement Associate Director – Office of Whistleblower Coordinator I’m very happy to do this for several reasons: […]

This is real leadership – Liz Warren for consumer financial protection head

The primary lubricant of the financial system is confidence… Restoring American’s belief in the financial and banking system will require years. Americans must believe that the credit, investing and savings products offered to them represent fair dealing. Elizabeth Warren is the best person to lead the new consumer financial protection agency. I hope that President […]

Dodd-Frank Wall Street Reform and Consumer Protection Act

* * * A ten page summary of the Dodd-Frank Wall Street Reform and Consumer Protection Act * * * The full text of the Dodd-Frank Wall Street Reform and Consumer Protection Act * * * Davis Polk interprets the Volcker rule Kudos to House Financial Services Committee Chairman Barney Frank on the level of transparency in the legislative process… good show…

The Wall Street Reform Bill: Conference Update

A summary of where we are in the legislative reform process of the financial system. [BTW: follow me on Twitter  — cate_long — tweeting on the conference process) From an email announcement from the House Financial Services Committee: The Wall Street Reform Bill: Conference Update Washington –Last week was a successful week for the House […]

How to untangle the credit rating agency’s conflicts of interest

The House and Senate conferees worked hard to today to reconcile their versions of financial reform. Agreement was reached on private funds, insurance regulation and the merger of bank regulators. A sticking point was on Subtitle C of Title IX which covers credit rating agencies. I’d like to recommend to Chairman Barney Frank and others that they propose […]

Credit ratings agencies are more powerful than regulators – why not harness that?

Tomorrow the House and Senate conference committee is finalizing the language for credit rating agencies. The push and shove is in full flight… Senator Al Franken is promoting his amendment to establish a “ratings board” that will assign a specific rater (Nationally Recognized Statistical Rating Organizations [NRSRO]) to rate structured finance deals. If adopted his amendment […]

In response to Ben Bernanke’s claim of Fed independence

Federal Reserve Chairman Ben Bernanke gave a speech at the Bank of Japan on the importance of central bank independence and transparency… Chairman Bernanke espoused a lot of platitudes… but the reality of the Fed’s actions is their deep entanglement with the administration, Congress and Wall Street… I think we will be hearing more speeches […]

The American people would like an explanation

Have a look at this video to get an idea of the true fire of democracy… Senator Jeff Merkley, of Oregon, uses his heart and soul to push back against the power of Wall Street… Kudos to Senators Merkley, Harkin, Levin, Dorgan, Cantwell, Lincoln, Kaufman, Whitehouse and all others who have taken to the floor […]