Topic: CNBC Inc.
Senators can't agree on OTC derivatives rules
Reuters US Online Report Politics News
WASHINGTON (Reuters) - U.S. senators charged with crafting rules to regulate the $450 trillion over-the-counter derivatives market have failed to reach an agreement, Democratic Senator Jack Reed said on Friday. Reed and Republican Senator Judd Gregg had been trying to write rules to shed light on the private swaps market ...
Barney Frank talking about prop trading (GS)
AlphaNinja
I give him credit, he's absolutely right. I'm just not sure that proprietary trading is the big threat people think it is.
Barney Frank was on CNBC a few minutes ago, saying that you can get an idea of a firm's proprietary trading by looking at ...
Frank: Still favors independent financial watchdog
Reuters US Online Report Politics News
WASHINGTON (Reuters) - U.S. Representative Barney Frank, the Democratic chairman of a key House committee, said on Friday in a CNBC interview that he still favors establishing an independent agency on protecting financial consumers. A bill being debated in the Senate would put the consumer watchdog first proposed by President ...
Health secretary eyes "bright light" on insurers
Reuters US Online Report Top News
WASHINGTON (Reuters) - The Obama administration stepped up pressure on health insurance companies on Thursday, calling on some of the top U.S. companies to be more public in explaining "jaw-dropping" rate increases to consumers. Health Secretary Kathleen Sebelius, following a White House meeting with several top health insurance executives, said ...
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