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Opinion: Financial Reform Bill is a Good Start
Posted on June 11th, 2010 No commentsOverall, the U.S. Senate’s “Restoring American Financial Stability” reform bill is a start in the right direction, writes Bob Chernow, a Milwaukee-area futurist who has worked in the financial industry for more than 40 years, in the Milwaukee Small Business Times.
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SBA Lending Continues 15-Month Rise
Posted on June 8th, 2010 No commentsLoans backed by the U.S. Small Business Administration continued their 15-month ascent in southeast Wisconsin in May, but the pace could slow in June if Congress doesn’t extend the higher guarantees, The Business Journal of Milwaukee reported.
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Fed Board Proposal a ‘Travesty,’ Banker Says
Posted on May 28th, 2010 No commentsA Senate proposal to remove bankers from Federal Reserve boards “is an overreaction to a particular unique situation, and to have bankers removed from these boards is a travesty,” said Mark Hewitt, chief executive of Clear Lake Bank and Trust Co in Iowa and a director at the Federal Reserve Bank of Chicago. Read the Reuters news story.
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Opinion: Feingold Right to Oppose Reform Bill
Posted on May 23rd, 2010 No commentsWisconsin’s U.S. Sen. Russ Feingold was right to vote against the financial reform bill in Congress, writes Capital Times editor John Nichols. “Feingold wanted real reform. And the American people should recognize that they are not getting it in the legislation the Senate passed,” he wrote in an opinion piece.
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WBA: Financial Reform Bill Needs Work
Posted on May 21st, 2010 No commentsThe financial regulatory reform overhaul passed by the U.S. Senate yesterday fails to address the root causes of the housing collapse and subsequent financial crisis, according to the Wisconsin Bankers Association in a news release posted on WisBusiness.com.
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Opinion: Re-Regulate Wall Street
Posted on May 9th, 2010 No comments“The [financial reform] legislation moving through Congress will prevent future bailouts by eliminating the idea that some financial institutions can become too big to fail. It establishes a middle ground between bankruptcy and bailout with an orderly liquidation process, in case Wall Street firms once again run themselves into the extreme distress that forced taxpayers to save them in 2008,” writes Viterbo University Professor Keith Knutson in the La Crosse Tribune.
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ATM Fee Limit of 50 Cents Proposed
Posted on May 6th, 2010 No commentsU.S. Sen. Tom Harkin (D-Iowa) introduced an amendment to the federal financial reform package that would cap ATM fees to 50 cents per transaction, the Small Business Times of Milwaukee reported.
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Moore Movie Takes Aim at Rep. Paul Ryan
Posted on October 6th, 2009 No commentsWisconsin Congressman Paul Ryan is one of the stars of Michael Moores new movie, “Capitalism: A Love Story” because of his role in securing support for a bank bailout bill, writes John Nichols of The Capital Times.
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Feingold Opposed Geinthner Confirmation
Posted on January 26th, 2009 No commentsWisconsin Sen. Russ Feingold was one of only three Democrats who voted against Timothy Geithner when he was confirmed as treasury secretary, theChicago Tribune reported.