Money
The Volcker Rule: Proposals to Limit "Speculative" Proprietary Trading by Banks
The bills would limit the ability of commercial banking institutions and their affiliated companies and subsidiaries to engage in trading unrelated to customer needs and investing in and sponsoring hedge funds or private equity funds. Such an approach has been referred to as the "Volcker Rule" more »
Sovereign Debt Crisis: A Governor Explains the Fed's Important but Limited Role
In the worst case, such turmoil could lead to a replay of the freezing up of financial markets that we witnessed in 2008. With unemployment remaining quite high, and with continued need for balance sheet repair by many businesses, financial institutions, and households, it is particularly important that the United States not sustain a significant external shock. more »
A Federal Reserve Governor Examines Financial Myths Concerning Women and Money
As household managers, women supervise the budget for and purchase of many of the highest-cost items consumed by American families. These items include food, clothing, child care, eldercare, health care, transportation, family communication networks (including cell phone and computer purchases), vacations, and, finally, financial services and products. more »
Public Policy Issues Raised by the Report of the Lehman Bankruptcy Examiner
Rep. Jackie Speier: He has publicly stated that he felt “horrible” about the failure of Lehman. I say that is not enough. Give it back; disgorge yourself of the money. It is time that those whose greed, arrogance and fraud caused this crisis be held responsible. The bankruptcy examiner makes a compelling case that fraud took place and that Mr. Fuld is lying about his role in it. I guess that is to be expected since he is trying to avoid liability." more »
