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Feingold Opposes Financial Reform Bill
Posted on July 10th, 2010 No commentsU.S. Sen. Russ Feingold is expected to be the only Senate Democrat voting against the hotly debated financial reforms backed by President Barack Obama when they are put to a final vote in the coming days. The Wisconsin senator said the bill fails to fix important problems, like financial institutions that are “too big to fail.” Read the Milwaukee Journal Sentinel article.
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Feingold to Vote Against Reform Bill
Posted on June 29th, 2010 No commentsU.S. Sen Russ Feingold (D-Wis.) said he will vote against the financial regulatory reform bill as now constituted. During debate on the bill, Feingold said he supported several efforts “to break up ‘too big to fail’ Wall Street banks and restore the proven safeguards established after the Great Depression separating Main Street banks from big Wall Street firms.” However, he said those proposals didn’t make it to the bill before Congress. Read more in The Business Journal of Milwaukee. -
Editorial: Don’t Blame Community Banks
Posted on January 17th, 2010 No comments“Wisconsin’s community banks are stable members of their communities; they continue to finance businesses; and they’ve not gotten caught up in the financial gizmos created by the too-big-to-fail investment banks. So, they ask, why are we suffering for the sins of the Wall Street bankers and others whose credit default swaps, collateralized debt obligations and other risky behavior brought us to the brink of economic collapse? It’s a fair question,” writes the La Crosse Tribune in an editorial. Read more.
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‘Too Big to Fail’ Best Business Book of ’09
Posted on December 15th, 2009 No comments“Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System — And Themselves” by Andrew Ross Sorkin has been named the best business book of 2009 by Milwaukee-based 800-CEO-READ, according to the Business Journal of Milwaukee. Read more about the book on the 800-CEO-READ blog.
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Chase CEO: No Bank is Too Big To Fail
Posted on November 13th, 2009 No commentsMajor banks shouldnt be considered too big to fail regulators should have the power to close even the largest institutions, says JPMorgan Chase & Co. CEO Jamie Dimon. Read the Business Journal article.