Senate minority vows to block any and all CFPB directors, unless Congress is able to approve the agency's budget
The involvement of both the public and private sectors is essential to accurately value illiquid assets before public funds are used to remove them from dealer balance sheets, Federal Reserve chairman Ben Bernanke claimed yesterday.
Senator Richard Shelby, chairman of the Senate Banking Committee, has said he remains concerned about proposals by the Securities and Exchange Commission (SEC) to regulate hedge funds.
Mark Brickell, a derivatives expert who was set to become the head of the Office of Federal Housing Enterprise Oversight (Ofheo), has withdrawn his name from consideration for the post. Brickell formally requested President George Bush withdraw his name...