Enlarge image Counting Costs Slows Down Dodd-Frank Rules by Republican Design Mary Schapiro, chairman of the Securities and Exchange Commission, prepares for a House Financial Services Committee hearing. Photo: Andrew Harrer/Bloomberg Mary Schapiro, chairman of the Securities and Exchange Commission, prepares for a House Financial Services Committee hearing. Photo: Andrew Harrer/Bloomberg Business lobbyists and Republican lawmakers who failed to stop the Dodd-Frank Act from becoming law have managed to put the brakes on many of its provisions a second way: cost-benefit analysis. A series of legal challenges from business groups against the U.S. Securities and Exchange Commission ended in a federal court ruling last year that the agency didn’t adequately analyze the cost of a new rule. In the months since, SEC rulemaking has ground ... Continue reading →
Blankfein’s Gay Rights Support Shows Wall Street’s Obama Dilemma By Michael J. Moore and Christine Harper - Wed May 02 21:18:55 GMT 2012 Enlarge image Blankfein’s Gay Rights Support Shows Wall Street’s Obama Dilemma Hannelore Foerster/Bloomberg Lloyd Blankfein, chief executive officer of Goldman Sachs Group Inc., starred this year in an advertisement by the Human Rights Campaign endorsing gay marriages. Lloyd Blankfein, chief executive officer of Goldman Sachs Group Inc., starred this year in an advertisement by the Human Rights Campaign endorsing gay marriages. Photographer: Hannelore Foerster/Bloomberg Lloyd C. Blankfein, Goldman Sachs Group Inc. (GS)’s chief executive officer, heard from a partner at his firm today about the dilemma Wall Street gay-rights supporters face in this year’s presidential race between Democrat Barack Obama and Republican ... Continue reading →