PRESS RELEASE – Occupy the SEC and OWS-Alternative Banking Working Group Call...
FOR IMMEDIATE RELEASE: Occupy the SEC and OWS-Alternative Banking Working Group call for the Financial Stability Oversight Council to follow the consultation requirements of the Dodd-Frank Act in...
View ArticleThe Good, The Bad & The Ugly – Week of 11/5/12
The Good Sandy gives OWS the opportunity to prove what it’s all about. NY Times, 11/11/12. See how you can help here. A federal court in Australia ruled that S&P’s AAA ratings on several structured...
View ArticleThe Good – Week of 11/12/12
This week we take a break from our usual format to focus on three pieces of good news. The Good The CFTC has filed its appeal in response to the swaps industry’s attempts to enroll the power of the...
View ArticleThe Good, The Bad & The Ugly – Week of 11/19/12
The Good Simon Johnson examines a 10/15 speech by NY Fed President William Dudley in which he made an “unexpectedly forceful” case for reform of TBTF banks. Bloomberg, 11/26/12 The Bad Treasury...
View ArticleMember perspective: Why we can’t have nice things (like safer commodity markets)
The following post was contributed by OSEC member Anchard Scott, and does not represent a consensus view of OSEC or Occupy Wall Street. It is cross-posted, with slight edits, from aluation. The tension...
View ArticleThe Good, The Bad, & The Ugly – Week of 11/26/12
The Good The Chicago teachers’ pension fund is launching an investigation of the financial impact of the manipulation of LIBOR rates on the fund, and may be joined by other Chicago pension funds....
View ArticleMember perspective: Declare independence from banker rule
The following post was contributed by OSEC member Elizabeth K. Friedrich, and does not represent a consensus view of OSEC or Occupy Wall Street. It is cross-posted from View From the Metropole. During...
View ArticleThe Good, The Bad & The Ugly – Week of 12/3/12
The Good Elizabeth Warren will be joining the Senate Banking Committee. The Hill, 12/4/12 Three anti-money market reform SEC Commissioners Call for a study to incorporate 2010 Dodd-Frank Act into...
View ArticleOccupy the SEC Files Amicus Brief in the Supreme Court Case, Gabelli v. SEC
This term, the Supreme Court will consider an important question relating to when government enforcement agencies like the Securities and Exchange Commission (SEC) can no longer file civil fraud...
View ArticleThe Good, The Bad, & The Ugly – Week of 12/10/12
The Good Judge Beryl Howell of the U.S. District Court for the District of Columbia dismissed a lawsuit filed by the Chamber of Commerce and the Investment Company Institute challenging a rule that...
View ArticleThe Good, The Bad, & The Ugly – Week of 12/17/2012
The Good Robert Khuzami plans to step down next month. Let’s hope he stays away from all regulatory agencies for good. Joshua Gallau & Robert Schmidt at Bloomberg December 20, 2012 The...
View ArticleThe Good, The Bad, & The Ugly – Week of 12/31/2012
The Good Michigan Supreme Court Rules that 3.75 Billion in JP Morgan mortgages are voidable. Steve Dilbert at MFI-Miami 12-30-12 The Bad AIG announces a PR campaign to “thank” the taxpayer for their...
View ArticleMember Perspective: Stop Suffocating the S.E.C!
Remember that infuriating high school teacher that assigned so much homework you couldn’t imagine finishing it all by the next day? The one that assigned you to read 150 pages, do a journal entry, and...
View ArticleThe Good, The Bad, & The Ugly – Week of 1/7/2013
The Bad After Blankfein vow that Goldman had stopped making bets with the bank’s money, Goldman Sachs is revealed to have a secretive group called Multi-Strategy Investing which wagers $1 Billion on...
View ArticleThe Good, The Bad & The Ugly – Week of January 14, 2013
The Good Robert Khuzami may become damaged goods for his time at the SEC. Not very likely but we hope so. Yves Smith at Naked Capitalism 1-17-2013 The Bad Goldman’s salaries raise $30,000 a head in...
View ArticleThe Good, The Bad & The Ugly – Week of 1/24/13
The big news this week was the announcement that Mary Jo White will be Obama’s nominee to become Chairman of the SEC. We’re forming our thoughts on this and will be back with those soon. In the...
View ArticleThe Good, The Bad & The Ugly – Week of 1/28/13
The Good Treasury Secretary Timothy Geithner is finally leaving government. Finally. But not with out telling a few lies to the Wall St Journal. Nathan Tankus at Naked Capitalism January 29, 2013 The...
View ArticleOccupy the SEC has some questions for Mary Jo White
Occupy the SEC (OSEC) has submitted a letter to the members of the Senate Committee on Banking, Housing and Urban Affairs in anticipation of the upcoming confirmation hearing of Mary Jo White. The...
View ArticleThe Good, The Bad & The Ugly – Week of 2/4/13
The Good The Department of Justice files a $5 billion suit against ratings agency S&P for misrepresentation of risks in MBS they rated. Aruna Viswanatha and Lauren Tara LaCapra at Reuters February...
View ArticleThe Good, The Bad & The Ugly – Week of 2/11/13
The Good At her first Banking, Housing, & Urban Affairs Committee hearing, Senator Elizabeth Warren asks the regulators “When was the last time you took a Wall Street bank to trial?” In response,...
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