Regulator asks lawmakers to tighten legislation for derivatives oversight beyond Obama planWASHINGTON — A key federal regulator is asking lawmakers to tighten legislation imposing broad new oversight on derivatives by going beyond the Obama administration’s proposal in several areas governing the complex financial instruments blamed for hastening the global economic crisis. The angry summer: Political landscape jolted by threats, insults, armed men at protestsNEW YORK — The images are striking: One congressman’s office defaced by a swastika, other congressmen heckled at public meetings, videos and placards likening Barack Obama to Hitler, private citizens with guns joining anti-Obama protests. Rep. Frank lashes out at protester at Mass. meeting who held poster depicting Obama as HitlerDARTMOUTH, Mass. — Rep. Barney Frank lashed out at protester who held a poster depicting President Barack Obama with a Hitler-style mustache during a heated town hall meeting on federal health care reform. Treasury’s Geithner says he welcomes debate on financial oversight reform, defends planWASHINGTON — Treasury Secretary Timothy Geithner said Friday that a new agency focused on protecting consumers is needed because the mission currently is too scattered among various regulators. Treasury secretary says power, risks of an explosive derivatives market blindsided the gov’tWASHINGTON — Despite persistently high unemployment, Treasury Secretary Timothy Geithner said Friday the Obama administration plan to stimulate the economy by spending billions of dollars on construction and other local projects is on the “expected path.” Government may announce today which banks may repay billions in federal bailout dollarsNEW YORK — The government is set to announce as early as Tuesday morning which of the country’s biggest banks will be able to repay billions in federal bailout dollars in a decision that risks creating a two-tier banking system — winners and losers. Quitting the bailout: Strong banks stand to get stronger after repaying TARP moneyNEW YORK — Banks have been eager to pay back bailout money almost since the moment they first accepted it. Now the government is deciding which banks can return the cash — at the risk of setting up a system of winners and losers in the process. Obama angry over AIG’s huge bonusesWASHINGTON - US president Barack Obama Monday added his anger to mounting criticism of the bailed-out insurance giant American International Group Inc (AIG) over its payment of huge bonuses and vowed to block them. |
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