senate banking committee
Sarah Bloom Raskin's view that climate change poses major financial risks is widely shared. Except among some of the oil industry's top Republican donees.
The GOP has gone after Saule Omarova for being born in the Soviet Union, but it is two wary Democrats who will decide if her nomination advances.
"I don't trust you guys," Sen. Martha McSally said at the hearing. Other lawmakers called Facebook "dangerous" and said it would be "crazy" to give it free rein.
A very fancy protester lurked behind former Equifax CEO Richard Smith during his hearing before the Senate Banking Committee.
It comes as no surprise to me that employees at Wells Fargo resorted to dishonesty in opening bogus accounts, just to keep their jobs. Why am I not surprised? Because in 2013, after six years of employment, my sister was about to lose her job at Wells Fargo due to sales goals.
Wells Fargo CEO John Stumpf was on the hot seat Tuesday when he faced Senator Elizabeth Warren of Massachusetts and other angry lawmakers at a Senate Banking Committee hearing designed to investigate the bank's widespread rip-off of its customers.
GOP senators want to know why Elizabeth Warren's consumer watchdog didn't go after Wells Fargo earlier.
Dodd-Frank is a sweeping regulatory initiative and there is no reason to believe that Congress got it right the first time around. It did not. But it is equally unrealistic to equate any small attempt to improve it as a wholesale assault on the desirable goal of avoiding a future financial crisis.