Frank: We Need Financial Regulation That Benefits "Normal Humans"

Rep. Barney Frank says, “We need to regulate for normal human beings and that’s what we hope to do. We think it’s important for there to be both regulatory structures that provide focused responsibility for the right kind of regulation and the appointment of individuals to do it.” (0:30)
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Greenspan: Regulation Hurts U.S. competitiveness

By Michael Combier-Talk Radio News Service

In order to remain competitive in the global market, heavy regulation which is the current Administration plan is not the road to follow says Former Federal Reserve Chairman Alan Greenspan. (1:05)
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Did the Treasury consult with the SEC on resolution regime?

By Kayleigh Harvey - Talk Radio News Service

The Senate Banking, Housing and Urban Affairs Committee met for the second time to discuss “Enhancing Investor Protection and the Regulation of Securities Markets.”
At the hearing Senator Dodd asked the Chairman of U.S. Securities and Exchange Commission, Mary Schapiro, “Were you consulted by the Treasury and the Fed, what role do you think the SEC should play in this resolution mechanism, given the oversight and regulatory responsibilities?” Senator Dodd also asked Ms. Schapiro to “comment on the reports of the regulatory changes that Secretary Geithner has mentioned this morning.”


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Obama calls for new financial regulating body

By Michael Ruhl, University of New Mexico - Talk Radio News Service

President Barack Obama said that his administration is working on establishing a new regulatory framework to prevent future situations such as the one the government faces with AIG. Obama said these would be part of his broader economic plan, and would serve as tools to help maintain balance. The new body would be similar to the FDIC, and would protect consumers, investors, and depositors. (01:47)
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More regulation cannot stop market cycles, but can help, says Treasury Secretary

Treasury Secretary Paulson says that more regulation is not the answer and cannot prevent market "disruptions," but he suggests a more flexible approach will allow better protection of consumers and investors, and allow U.S. markets to continue to be competitive. (0:37)
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Financial regulatory changes not reaction to current troubles, says Secretary Paulson

Treasury Secretary Paulson says that the new Blueprint for Regulatory Reform are not reactions to current troubles and should not be implemented hastily, but instead reflect long-term concerns and should be thoughtfully implemented. (0:33)
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