Category Archives: Reform

U.S. freezes $30 billion of Libyan assets

By doris | Published: February 28, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — The U.S. government froze at least $30 billion of Libyan government assets — the largest amount ever blocked under a U.S. sanctions program, a senior Treasury Department official said Monday. It’s the latest move by international players in recent days to try to contain Libyan leader Moammar Gadhafi [...]

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Chrysler launching new 200, Avenger sedans

By doris | Published: December 12, 2010

Full Story at msnbc.com STERLING HEIGHTS, Mich. — Chrysler Group wants to show the world that it’s serious about mid-size sedans. After years of disappointing sales, the company on Monday launched production of the revamped Chrysler 200 — which replaces the Sebring — and the Dodge Avenger. The cars have a new look, new engines [...]

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Wall Street hopes to dodge two reform bullets

By doris | Published: May 25, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — With any luck, Wall Street can still escape two of the harshest elements of Washington’s reform efforts. The two measures, included in the Senate bill passed last week, take direct aim at some of the more risky — and profitable — parts of banks’ business. One proposal [...]

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Goldman execs: We didn’t do anything wrong

By doris | Published: April 28, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Top Goldman Sachs representatives — including CEO Lloyd Blankfein — attempted to deflect criticism Tuesday as they faced a blistering cross-examination from lawmakers about the firm’s role in the financial crisis. For more than ten hours, members of a Senate panel skewered current and former executives at [...]

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Wall Street reform: Senate showdown set

By doris | Published: April 20, 2010

Full Story at money.cnn.com WASHINGTON (CNNMoney.com) — With SEC charges against Goldman Sachs in the background, Democrats plan to start debating the Wall Street reform bill in the Senate this week, even as Republicans continue to say they oppose the bill. “Our bill ends too big to fail, bailouts end forever,” said Sen. Chris Dodd, [...]

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Washington gains dominant role in student loans

By doris | Published: March 22, 2010

Full Story at money.cnn.com WASHINGTON (CNNMoney.com) — The House voted 220-211 on Sunday to make Washington the one-stop-shop for cheap student loans and to boost funding for need-based scholarships. While approving the overhaul of health care, the House also voted along party lines on another of President Obama’s top priorities: cutting out bank middlemen who [...]

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House votes to speed up credit card reform

By doris | Published: November 5, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — The House passed a bill Wednesday to move up the effective date for credit card reforms to Dec. 1, from February and August 2010. In May, President Obama signed into law a credit card reform act to crack down on the way issuers raise fees and interest rates. [...]

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