White House Steps Up Push To Toughen Rules On Banks (WSJ) White House officials have intensified their talks with the Treasury Department in the days since J.P. Morgan’s losses came to light, these people say—representing the first tangible political impact from a trading mess that has cost one of the nation’s most prominent banks more than $2 billion…White House and Treasury officials are still determining whether the Volcker rule would have prevented the losses at J.
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Cassandras warn that the foreign appetite for US debt is satiated and wonder who is going to buy US Treasuries when the Federal Reserve stops. Not only are US officials not concerned about this, but the Department of Treasury contin... Read Post
The Treasury Department has been scrambling to figure out what the new proposals unveiled by Barack Obama last week limiting the size and scope of banks. The proposals came out of the White House rather than the Treasury Department.... Read Post