barney frank

Republicans in the House of Representatives voted Thursday to eliminate the Obama administration's "car czar," as well as the "pay czar" who oversees compensation at companies bailed out with TARP money, and seven other presidential advisers.

Imagine this: you're sitting in a boring presentation, and see a man in the row in front of you with his iPhone in his lap, playing blackjack online. As you watch, he wins a hand and $20 in real money. This is the dream of the mobile gambling industry, a dream that a new white paper by research...

The future of the government-backed mortgage finance giants Fannie Mae and Freddie Mac, which critics have accused of exacerbating the meltdown in the U.S. housing market, will be discussed next month at a conference sponsored by the U.S. Department of Treasury.

The massive regulatory revision touches almost every aspect of the financial industry. In addition to rules aimed at trimming risk-taking among banks, the package prominently includes several new protections for consumers.

Democratic and Republican lawmakers worked into sunrise Friday morning to reach a fractured agreement over financial regulatory reform. The so-called "Fin-Reg" bill hands President Barack Obama a solid political victory heading into the mid-term elections.

Fed Chairman Ben Bernanke and a panel of top economists will go before a House committee to discuss the right way to remove the crutch of government stimulus from the economy so that it doesn't knock the nation back into recession.

Henry Paulson's just-published memoir "On the Brink" recalls the financial crisis as it unfolded in the fall of 2008. Far from a gossipy tell-all, it devotes the bulk of its pages to the cautionary tale of how the world's financial system nearly collapsed -- and what he tried to do about it.

U.S. Rep. Barney Frank's (D-Mass.) House Financial Services Committee has voted in favor of a proposal to have the Government Accountability Office audit the Federal Reserve, according to the Associated Press. But in my view, auditing the Fed is a thinly veiled first step toward wiping out the Fed,...

When it comes to the way the U.S. government regulates the beleaguered financial industry, Democratic Sen. Chris Dodd of Connecticut wants to shake things up a bit. For starters, the Chairman of the Senate Banking Committee is pushing the idea of a new super bank cop called the Financial...

While reports today indicate that GMAC is in talks for a third round of bailout money from the government, Congress and the Treasury Department finally developed draft legislation to make sure that "the taxpayers are never again called upon to take responsibility for Wall Street's business...