Gary Gensler News
How Hillary Clinton Thinks She’ll Be Tougher on Wall Street Than Bernie Sanders
Hillary Clinton is trying to turn the tables on Bernie Sanders . The Democratic front-runner – often criticized for her close ties to Wall Street – is now attempting to argue she will be tougher on the financial industry than her challenger, Bernie Sanders – the progressive Vermont senator who is
Filibuster Reform's Biggest Winners
The landmark Senate vote to effectively eliminate the filibuster of presidential nominees opens the door to a wave of likely confirmations for President Obama. Gone are the days when 60 votes are needed to move ahead on a nominee. Now, a simple majority of 51...
Apple Shines, Facebook Falls
Morning Business Memo: Forget Facebook. The stock market still belongs to Apple, the world’s most valuable company. Apple shares rose nearly 6 percent yesterday as stocks rallied after weeks of losses because of the debt crisis in Europe. Apple’s bounce was the firm’s second-largest gain...
68 Congress Members: Gas Prices Spiked By Speculators
68 Members of Congress say Speculation Playing a Role in Rising Gasoline Prices
MF Global CEO Jon Corzine Resigns
Jon Corzine resigned today without severance pay as head of MF Global , the bankrupt brokerage firm where he had hoped to resurrect his career after a failed gubernatorial re-election bid in New Jersey. Corzine has resigned from all posts and has confirmed "that he will not seek severance payments
When It Comes to $100 Oil, It's Every Man for Himself
Oil topped $100 a barrel for the first time Wednesday since 2008, the same year that Wall Street and Washington brought the nation to the brink of financial Armageddon. But that was then. Surely both camps are much more prepared to deal with the fallout now, right? Not so fast. All appearances to
Elizabeth Warren To Be Appointed to Help Create Consumer Finance Protection Bureau
President Obama will select Elizabeth Warren to join the administration in a special advisory role to help form the new Consumer Financial Protection Bureau, a watchdog agency she first proposed back in 2007. The move, first reported by ABC News' Jake Tapper , gives Warren an important role in
Elizabeth Warren Gets Praise From Geithner; Will She Get New Job?
Treasury Secretary Timothy Geithner has frequently clashed with Wall Street bailout watchdog Elizabeth Warren, but today he praised her work on financial reform and said she would be "a very effectively leader" of the powerful consumer protection agency to be created under the new Wall Street
Senate Dems Closer to Wall St. Overhaul as Cantwell Voices Support
ABC News' Matthew Jaffe reports: Senate Democrats took a big step towards passing the Wall Street reform bill tonight as Maria Cantwell, D-Washington, announced that she will vote for the measure. Cantwell had opposed the bill when it first passed...
High Heating Oil Bills? New Oil Trading Rules Could Help
Federal Agency Readies to Take on Oil Speculators; Industry Warns of Unintended Consequences