October Senate commentary

From Riski

See also Senate draft commentary.

Contents 1 October - Bloggers, media, academics and law firms commentary 1.1 October 31 1.2 October 30 1.3 October 29 1.4 October 28 1.5 October 27 1.6 October 26 1.7 October 25 1.8 October 24 1.9 October 23 1.10 October 22 1.11 October 21 1.12 October 20 1.13 October 19 1.14 October 18 1.15 October 17 1.16 October 16 1.17 October 15 1.18 October 14 1.19 October 13 1.20 October 12 1.21 October 11 1.22 October 10 1.23 October 9 1.24 October 8 1.25 October 7 1.26 October 6 1.27 October 5 1.28 October 4 1.29 October 3 1.30 October 2 1.31 October 1

October - Bloggers, media, academics and law firms commentary

• Regulatory Action Database - Dodd-Frank Act SIFMA
• TheCorporateCounsel.net Blog

October 31

• Unemployment Probably Hovered Near 10%: U.S. Economy Preview Bloomberg
• Volcker Rule Continues to Garner Outsized Attention Harvard Law School Forum
• Debt Collectors Face a Hazard: Writer’s Cramp New York Times
• Why brokers are leaving the big firms in droves Bloomberg

October 30

• "White House Considering 'Decoupling' Top-Tier Tax Cut" Economist's View
• Big Banks Told Not To 'Fix' A Fraud Wall Street Journal
• How the Banks Put the Economy Underwater New York Times
• Amid mortgage mess, owners blindsided Washington Post
• Number of the Week: 107 Months to Clear Banks’ Housing Backlog Wall Street Journal
• Budget woes may cause U.S. swap rule delays - Gensler Reuters

October 29

• Recognising the risk-mitigating impact of insurance in operational risk modelling Basel Committee on Banking Supervision
• EU agree timing of tougher Basel bank rules Reuters
• FASB and IASB Rejigger Convergence Plans Web CPA
• Senate Democrat Predicts No 'Sweeping Rollback' of Dodd-Frank Law Wall Street Journal
• U.S. Treasury seeks comment on forex swaps Reuters
• FDIC Issues Proposed Rule To Implement "Too Big To Fail" Proskauer
• Risky business The Deal Magazine
• MBS trade settlement failures hit record FT Alphaville
• Will The $426 Billion "Second Lien Monster" Require A New Marshall Plan For Housing? ZeroHedge
• SEC Urges Banks to Disclose Potential Losses From Foreclosures Bloomberg
• Zombie bonds attack! American Public Media
• Federal Court Dismisses Mortgage-Backed Securities Investors' Section 11 Claim for Lack of Cognizable Injury Milbank
• Homeowners Get The Boot For Bad Paperwork While Banks Get Millions For Same Huffington Post
• Author Hudson Says Fraud Drove The Mortgage Crisis: Video Bloomberg
• Christopher Whalen: Freddie and Fannie Helped to Create Epidemic of Mortgage Fraud Washington's Blog
• Reality Check at the FDIC/FED Mortgage Symposium Housing Wire
• Let's Talk About A Bank Holiday Market Ticker
• No Mr. President, Larry Summers Did Not Resolve the Financial Crisis for a Pittance Credit Writedowns
• SEC: Incentives Luring Potential Informants Bond Buyer
• Strong Advice For Big Bank Management in Dealing With the Increasing Influence of Blogs and New Media ZeroHedge
• Rating Agencies Are Due a Downgrade Wall Street Journal
• Insurance Officials to Weigh In on Raters' Methods Insurance News Net
• Elizabeth Warren envisions launch of tough '21st-century' watchdog agency UC Berkley News

October 28

• FSB Draghi: Global Econ Recovery At Risk Due To Forex Policies Dow Jones
• Fed Asks Dealers to Estimate Size of Debt Purchases Bloomberg
• Insane Fed Should Beware Unquantifiable Outcomes: Mark Gilbert Bloomberg
• Tea Party groundswell signals challenges to Fed Reuters
• Banks ‘Want to Sit Down’ With States to Discuss Foreclosures Bloomberg
• The week the world stepped through the looking glass FT Alphaville
• Bank of America Pricked in Fed Bailout Farce: Jonathan Weil Bloomberg
• Treasury: No Systemic-Risk Fears Wall Street Journal
• US foreclosure crisis becomes more widespread BBC
• Bank failures in America - More but merrier The Economist
• Mortgage Industry Defense is Flimsy, Congressional Oversight Panel Provides Counter-Evidence Naked Capitalism
• The outing of the Robo-Signer conference attendees FT Alphaville
• U.S. lawyer forms foreclosure resistance movement Reuters
• Banks Must End Dependence on Ratings Firms, FSB Says Bloomberg
• Analysis: Regulators, watchdogs second guess ratings reform Reuters
• Standing Up the Consumer Financial Protection Bureau White House Blog
• Corporate constitutions The Economist
• Volcker on His 'Rule'— Keep It Broad Wall Street Journal

October 27

• Currency tensions to flare at ASEAN meeting Business Day
• Barnier to strengthen the single market Valuation Risk
• Statistical commentary on provisional locational and consolidated international banking statistics BIS
• Detailed tables on locational and consolidated banking statistics at end-June 2010 BIS
• Basel 3 capital requirements hard to observe, hard to meet: BIS committee Housing Wire
• IOSCO proposes regulatory oversight principles for dark liquidityIOSCO
• Wall Street Proprietary Trading Under Cover: Michael Lewis Bloomberg
• MERS casts its shadow on commercial mortgages FT Alphaville
• Obama's Solicitor General Told Fed Not to Appeal, Banks Say Bloomberg
• Sailing the Wrong Way with QE2? New York Times
• COP Hearing on TARP Foreclosure Mitigation Programs Congressional Oversight Panel
• Bailout Oversight Panel Slams Obama Administration Over Foreclosure Crisis Huffington Post
• Federal bailout oversight panel raises alarms over foreclosure crisis Washington Post
• Now Zee Cat Is Scampering..... Market Ticker
• Bond Investors to Complain About Robo-Signing Costs Bloomberg
• Addressing the Impact of the Foreclosure Crisis Mortgage Outreach and Research Efforts Federal Reserve Bank of Chicago
• MERS Fraud Impact On CMBS: Up To $280 Billion Per Barclays ZeroHedge
• Re-evolution of the CLO FT Alphaville
• SEC to Take Up Ban on 'Naked Access' Next Week Securities Technology Monitor

October 26

• Geithner's Global Central Planning Wall Street Journal
• Calibrating regulatory minimum capital requirements and capital buffers: a topdown approach Basel Committee on Banking Supervision
• Banks should be broken up, Bank of England Governor Mervyn King warns The Telegraph
• Six Reasons for U.S. to Abandon Free-Trade Myth: Ian Fletcher Bloomberg
• Bernanke Asset Purchases Risk Unleashing 1970s Inflation Genie Bloomberg
• Grantham On The Ruinous Cost Of The Fed's Manipulation Of Asset Prices ZeroHedge
• Fed Distances Itself From Banks, Says Will Not Seek Review Of "Pittman" Even Though It Is Lawsuit Defendant ZeroHedge
• Fed Won’t Join Bank Group Appeal on Loan Disclosures Bloomberg
• Wolin Discusses FSOC Roadmap Bank Digest
• Treasury fires back on AIG Politico
• Treasury Hid A.I.G. Loss, Report Says New York Times
• Yields on TIPS Go Negative Wall Street Journal
• Shrinking Bank Revenue Signals Dawn of ‘Worst’ Decade of Growth Bloomberg
• Want to get away with murder? Become a bank Fortune
• Homeowners Protest HAMP: 'It's Just A Scam And The Banks Are Getting Everything' Huffington Post
• How Did the Banks Get Away With Pledging Mortgages to Multiple Buyers? Washington's Blog
• Fannie Mae Halts Law Firm's Foreclosure Work Wall Street Journal
• Mortgage Lending Practice after the Dodd-Frank Act Shearman & Sterling
• Fed’s ‘Pit Bull’ Takes on Bank of America in BuyBack Battle Bloomberg
• A Report From the 10_26 Public Meeting on Proposed Rulemaking The Swap Report
• CFTC May Require Price, Fee Data for Cleared Swaps Bloomberg
• Wall Street Responds to My Roadmap of the Derivative Meltdown ZeroHedge
• Statement on Support of the Dodd-Frank Rulemaking of Chairman Gary Gensler CFTC
• "Financial Reform, What's Next? A US and Global Perspective Examining the Opportunities and Challenges Ahead" CFTC
• Text: Q & A On CFTC Propsed Rule On Credit Ratings iMarketNews.com
• CFTC Looks At Credit Ratings And Manipulation FuturesMag.com

October 25

• “Banking: From Bagehot to Basel, and Back Again” Bank Of England
• Implementing OTC Derivatives Market Reforms Financial Stability Board
• European bank bail-ins will cost +87 basis points FT Alphaville
• Cross-currents in the Global Economy Glenn Stevens, Governor, Reserve Bank of Australia
• Fed aide: US monetary easing may start at $500 bln Reuters
• Report on Treasury's Management of HAMP, AIG SIGTARP
• Inspector general hits TARP Politco
• Deflation Disappears With Bond Market Showing Growth Bloomberg
• Deputy Secretary Neal S. Wolin Remarks at Georgetown University McDonough School of Business US Treasury
• PPIP UPDATE - Treasury Gets 36% Return Buying Toxic Mortgages, Until You Read The Fine Print - Just 5.6%! The Daily Bail
• Return of the Shadow New York Times
• Wall Street Sold ‘Tragically Deficient’ Product, Angelides Says Bloomberg
• Bank Of America Finally Confirms Foreclosure Errors, And A Whopping Incidence Rate ZeroHedge
• Regulators reviewing foreclosure practices: Bernanke Reuters
• The Robo-Signing Controversy and the Need to Modify Mortgages FDIC
• Warning signs of foreclosure crisis were ignored, says FDIC Chairman Sheila Bair Washington Post
• Top Fed Official On Government's Foreclosure Prevention Efforts: 'Three Years Of Failed Policies' Huffinton Post
• Federal Auditor Says Obama's Anti-Foreclosure Effort Risks 'Generating Public Anger And Mistrust' Huffington Post
• Moody's: Mortg Loan Buybacks Could Cost Banks Less Than $110B iMarketNews.com
• Whalen Says Foreclosure Woes Not Hurting Mortgage Bonds: Video Bloomberg
• When Muni Bonds Go Private Wall Street Journal
• MSRB to Propose Ban on Dealer-FA Role-Switching The Bond Buyer
• Get Ready for FinReg's Systems Bonanza No Jitter
• Equens and Federal Reserve Banks launch international payments service Finextra
• SEC Issues Interpretive Guidance Regarding Liquidity and Capital Resources Disclosures Andrews Kurth LLP
• “House Money” - Speech of Commissioner Bart Chilton to the National Supply Summit CFTC

October 24

• The Fed Needs To Print $4 Trillion In New Money ZeroHedge
• The Great Bailout Backlash New York Times
• Remarks on Early Intervention and Resolution Federal Reserve Bank of New York
• The Subprime Debacle: Act 2, Part 2 Credit Writedowns
• Food and Finance Baseline Scenario
• Addressing the Impact of the Foreclosure Crisis Federal Reserve
• Foreclose on the Foreclosure Fraudsters, Part 2: Huffington Post
• Five US Dealers Account For 37% Of OTC Derivatives Market - Association Dow Jones
• ABS Rules Too Broad, Most Say The Bond Buyer
• SEC Amendment Governing Rating Agency Disclosure Will Have Little Impact Harvard Law School Forum on Corp Gov & FinReg

October 23

• Communiqué of the Meeting of Finance Ministers and Central Bank Governors US Treasury
• IMF Says G-20 Agreed on ‘Biggest Reform Ever’ Bloomberg
• G20 Inks Pact to Avert Trade War Reuters
• G-20 Communiqué After Talks in Gyeongju, South Korea Bloomberg
• G20 finance ministers resist US pressure over trade BBC
• Germany Says U.S. Federal Reserve Heading `Wrong Way' With Monetary Easing Bloomberg
• Why Easier Money Won't Work Wall Street Journal
• Talking Business: Big Problem for Banks: Due Process New York Times
• One Mess That Can’t Be Papered Over New York Times
• Felix Salmon Explains Why Lawsuits Are Flying At Banks Who Turned Crap Into Triple AAA The Daily Bail

October 22

• The banks have won after all The Guardian
• PPIP Funds Surge 36% on Average in First Year, Treasury Says Bloomberg
• The Mortgage-Backed Securities Mess New York Times
• Special Release: Clear Capital™ Reports Sudden and Dramatic Drop in U.S. Home Prices Clear Capital
• Economist Joseph Stiglitz: Put Corporate Criminals in Jail AOL Daily Finance
• Here We Go: Fitch Places Bank Of America, All US Banks On Rating Watch Negative ZeroHedge
• Foreclose on the Foreclosure Fraudsters, Part 1: Put Bank of America in Receivership Huffington Post
• TRACE Fact Book FINRA
• A Half-Time Report on Individual Customer Collateral Protection: The "Fellow Customer" Problem Swaps Report
• The 2nd Half Report from the CFTC Roundtable on Individual Customer Collateral Protection Swaps Report

October 21

• Hedge Funds Short Plaza Accord Deal With China: William Pesek Bloomberg
• UK bank levy details outlined BobGuide
• Questioning the Benefits of Maturity Transformation Macroeconomic Resilience
• One size does not fit all in ABS risk, Fed says FT Alphaville
• FDIC begins action on its super-resolution rules for covered financial companies Dechert
• Regulator of Fannie and Freddie Said to Hire Law Firm New York Times
• New York Fed Faces ‘Conflict’ in Mortgage Buybacks Bloomberg
• Time for Some New Stress Tests for Banks New York Times
• Revised FHFA Forecast: Taxpayers To Fund Up To $363 Billion In GSE Losses By 2013 ZeroHedge
• Banks Face Two-Front War on Bad Mortgages, Flawed Foreclosures Bloomberg
• Gonzalo Lira on Mulligan Mortgages—The Banks' Only Way Out ZeroHedge
• Drowning or waiving The Economist
• Sarbanes-Oxley meets servicer execs FT Alphaville
• Remarks before the Institute of International Bankers - Chairman Gary Gensler CFTC
• President’s Working Group on Financial Markets Releases Money Market Funds Report US Treasury
• The Impact of Regulation on the Global OTC Markets - New York Risk and FXWeek
• Bloomberg: First Connectivity for Interest-Rate Swaps Clearing? Securities Technology Monitor
• CFTC to oversee foreign banks dealing swaps: Gensler Reuters
• An update on asymmetric information and corporate governance in bank bailouts Credit Writedowns
• States Will Put Raters On Muni Hot Seat Wall Street Journal

October 20

• A World of Multiple Reserve Currencies Project Syndicate
• Financial Contagion through Bank Deleveraging: Stylized Facts and Simulations Applied to the Financial Crisis IMF
• World Statistics Day Australian Prudential Regulation Authority
• Finsia Financial Services Conference – Meeting of the minds: our global agenda Australian Financial Stability Department
• Biggest Banks Face ‘Country-to-Country’ Capital Rules Bloomberg
• Responding to Economic Crises: Good Intentions, Bad Incentives, and Ugly Results Federal Reserve Bank of Philadephia
• Fed's Plosser: QE2 Ineffective, Inflationary, Dollar-Damaging iMarketNews.com
• Fed Issues Report to Congress on Risk Retention Bank Digest
• Arguments against QE2 Econobrowser
• Wall Street Bailout Returns 8.2% Profit Beating Treasury Bonds Bloomberg
• A critical assessment of the Dodd-Frank Wall Street Reform and Consumer Protection Act Voxeu.org
• FDIC Approves Proposed Revised Restoration Plan Assessment Rates, Dividends, and Designated Reserve Ratio Alston & Bird
• Obama Team On Furor Over Foreclosures: 'Problem For The Banks and Servicers To Fix' Huffington Post
• Why the BofA Put-Back Demand Has Wall Street Freaking Out CNBC.com
• Bank of America under pressure to buy back mortgages Bloomberg
• SIFMA Q&A Regarding Mortgage Loan Transfers and Securitization SIFMA
• Next Stop in Foreclosure Fight May Be Courtroom New York Times
• Those blemished Countrywide credit loans FT Alphaville
• Nine Stories The Press Is Underreporting -- Fraud, Fraud And More Fraud Huffington Post
• Wells Fargo: Loan Repurchase Reserve Liability Of $1.3 Billion On $144 Billion In Loan Originations ZeroHedge
• Foreclosure Expert Confirms Mortgages Pledged Multiple Times Washington's Blog
• Largest US Title Insurer To Demand Indemnity And Foreclosure Warranty From Banks ZeroHedge
• Everything that Americans should ask about home mortgages Reuters
• Securitized mortgage loan or not, lenders are not restructuring Federal Reserve Bank of Atlanta
• Industry Ties Are an Issue as MSRB Meets Bond Buyer
• “Don’t Throw Anything Out” -- CFTC and SEC Adopt Interim Final Rules on Reporting Swaps K&L Gates

October 19

• That Chinese rate rise (updated) FT Alphaville
• Geithner Weak Dollar Seen as U.S. Recovery Route Bloomberg
• The ECB’S Response to the Finanical Crisis ECB
• The Basel Committee's response to the financial crisis: report to the G20 Basel Committee
• Basel III to ease in new bank liquidity rules Reuters
• EU agrees tougher rules on hedge funds The Guardian
• It is folly to place all our trust in the Fed Financial Times
• Quantitative Easing Is Only Show in Town: David G. Blanchflower Bloomberg
• Pimco, New York Fed Said to Seek BofA Repurchase of Mortgages Bloomberg
• Investors, White House press banks over mortgages Reuters
• Underwater mortgages and US housing FT Alphaville
• Whistleblower Speaks On Fraudclosure ZeroHedge
• Foreclosure crisis a 'cancer': Christopher Whalen on impact on banks, housing market, economy Washington Post
• Guest Post: Mortgages Were Pledged to Multiple Buyers at the Same Time Naked Capitalism
• Some Sand in the Gears of Securitizing New York Times
• The Volcker Rule Continues to Garner Outsized Attention in the Wake of Passage of Financial Reform Legislation Shearman & Sterling
• FDIC Lowers Bank Failure Cost Estimates; Adopts DIF Plan CCH Federal Banking Law Reporter
• Wall St. as tax collectors Angry Bear

October 18

• Restoring Debt Sustainability After Crises: Implications for the Fiscal Mix IMF
• BOE Will Expand Stimulus by 100 Billion Pounds, CEBR Predicts Bloomberg
• ECB’s Trichet Rejects Weber’s Call to End Bond Purchase Program Bloomberg
• Web search data and computer-based finance focus for EC-backed systemic risk study Finextra
• Geithner Says Countries Can’t Devalue to Prosperity Bloomberg
• QE2 Won’t Save Our Sinking Ship New Deal 2.0
• Temporary Open Market Operations Federal Reserve Bank of New York
• Cost of bank reform could explode: Deutsche Bank CEO Reuters
• Financial groups prep for upheaval on Capitol Hill Investment News
• Moody’s does not like the FDIC’s TBTF fix FT Alphaville
• The Homeowner Wins, Without a Lawyer New York Times
• Whalen: Bank Restructurings Likely as Foreclosures “Overwhelm” Big Banks Pragmatic Capitalism
• JP Morgan’s Analysts Agree with BoomBustBlog Research on the State of JPM ZeroHedge
• Banks Face Mortgage Scrutiny as $49 Billion Vanishes Bloomberg
• Guest Post: Tranche Warfare The Reformed Broker
• A little bit of sanity, please Housing Wire
• First Official Spin On Fraudclosure: Manageable, But With $55 Billion Of Risks ZeroHedge
• Florida community feels ripple effects as paperwork issues stall foreclosures Washington Post
• Gardner Doesn't Sees Fannie, Freddie Overhaul Until 2013: Video Bloomberg
• Regulators face battle to create market for CoCos Reuters
• SEC Proposes Rules on "Say on Pay" and Proxy Vote Reporting SEC
• Banks Shared Clients’ Profits, but Not Losses New York Times

October 17

• Trichet Says Majority of Council Backs Bond Purchases Bloomberg
• Dear Brian Moynihan: Here's Why Bank Of America Owes The Bond Insurers $10-$20 Billion The Business Insider
• Wells Fargo Prepares For Tsunami Of Loan Repurchase Demands ZeroHedge
• White House Urges Calm on Foreclosures New York Times
• Janet Tavakoli On Next Steps In The Foreclosure Scandal ZeroHedge
• Realism kicks in on financial overhaul Financial Times
• In the doldrums, but hopeful for a breeze Financial Times
• Law doesn't ban proprietary products Investment News

October 16

• China's not the villain if the West tries to debase its debt through QE The Telegraph
• Lawyering up and the foreclosure losses Deus Ex Macchiato
• Are ALL Mortgage Backed Securities a Scam? Washington's Blog
• Foreclosuregate's Price Tag: $70 Billion? Mother Jones
• How Countrywide Covered the Cracks New York Times
• 'The Liars and Thieves Are Moving Ahead in This Country' Financial Armageddon

October 15

• IOSCO forms Task Force on OTC Derivatives Regulation IOSCO
• SEC, CFTC Staffs to Host Joint Public Roundtable to Discuss Clearing of Credit Default Swaps SEC
• Interim Final Temporary Rule Regarding Reporting of Pre-enactment Swap Transactions Issued Mayer Brown
• CFTC and SEC Release Temporary Rules on Reporting of Pre-Enactment Swaps Sidley Austin
• CFTC Issues Interim Final Rule Establishing Swap Reporting and Record Retention Obligations Fulbright & Jaworski
• SEC and CFTC Adopt Interim Final Rules on Reporting and Recordkeeping for Pre-Dodd-Frank Swaps Davis Polk
• CFTC Proposals for Ownership & Governance of Swap Clearing & Trading Organizations & for Reporting of Swaps Clifford Chance
• Bernanke: Could Do QE But Costs, Risks Dictate 'Caution' iMarketNews.com
• Fed Wants to Hoodwink Public, Only Fools Itself: Caroline Baum Bloomberg
• Bill Gross Telegraphs QE2 Green Light: Buys MBS On Margin ZeroHedge
• The Real Danger From the Foreclosure Crisis Washington's Blog
• Reform Roundup: What the Foreclosure Lawyers Did Edition The Center for Public Integrity
• Bankruptcy attorney on robo-signing fraud and mortgage mod litigation Credit Writedowns
• Fed up family returns to home Dylan Ratigan Show
• The Foreclosure Crises New York Times
• Washington Resists Calls for Big Fix in Foreclosure Crisis Bloomberg
• Is MetLife's Foreclosure Process Review By Moody's A Harbinger Of The Excrement Show To Come? ZeroHedge
• Bank Selloff Adds Pressure to Fix Foreclosure Mess Bloomberg
• Foreclosure Fraud: We Need to Fix the Banks Again New Deal 2.0
• Bank Holiday is Best Solution for Epidemic of Mortgage Fraud Credit Writedowns
• A stab at securitisation FT Alphaville
• Regulators have known about the mortgage bond scandal for three years Reuters
• Foreclosuregate: Time to Break Up the Too-Big-to-Fail Banks? ZeroHedge
• From a Maine House, a National Foreclosure Freeze New York Times
• Why We Oppose 12b-1 Fees The Motley Fool
• An Analysis of the Dodd-Frank Act's Volcker Rule Cadwalader

October 14

• Don’t Panic, the Central Banks Are in Charge Wall Street Journal
• Only the Weak Survive Project Syndicate
• EU executive to push for bank resolution shake-up - draft doc Reuters
• St. Louis Fed Says QE2 Would Be Useless, And May Be Damaging ZeroHedge
• Pimco's Hodge Discusses Fed Easing, Sale of Treasuries Bloomberg
• Wall Street Lobbyists Besiege CFTC to Shape Derivatives Rules Bloomberg
• Congressional Oversight Panel Examines Treasury’s Use of Private Contractors in Implementing TARP Alston & Bird
• 50 State Attorneys General Announce Mortgage Foreclosure Multistate Working Group Ballard Spahr
• U.S. Home Seizures Reach Record Amid Foreclosure Review Bloomberg
• Bankers Ignored Signs of Trouble on Foreclosures New York Times
• Commentary: Mortgages Lost in the Cloud Bloomberg
• Chase Acts to Broaden Foreclosure Reviews New York Times
• Grayson Calling For Prosecution Of Banks Engaging In Criminal Foreclosure Activities ZeroHedge
• Worries over fast-tracked foreclosures send bank stocks plummeting Washington Post
• Why Is the White House Against Freezing Foreclosures? A Look At The Fed's Suddenly Worthless Trillions In MBS Holdings ZeroHedge
• Wall St blames homeowners in foreclosure fiasco Reuters
• A slipshod rush to foreclose NY Daily News
• From a Maine House, a National Foreclosure Freeze New York Times
• Foreclosure Fraud: Megabanks At Risk As Analyst Identifies New Problems With Mortgages Huffington Post

October 13

• What Is MERS and What Role Does It Have in the Foreclosure Mess? Washington's Blog
• The Wheels Are Coming Off in MBS Land: All 50 State AGs Join Probe; Banks Abandoning MERS Naked Capitalism
• Statement By FHFA Acting Director Edward J. DeMarco On Servicer Financial Affidavit Issues FHFA
• JPMorgan Exits Electronic Mortgage Tracking System AP
• Document Flaws May Lead Investors to Fight MBS Deals Bloomberg
• Brownstein Says Mortgage Investors Face Uncertainties: Video Bloomberg
• The enormous mortgage-bond scandal Reuters
• Taxing times for MBS FT Alphaville
• Attorneys General in 49 States Join Foreclosure Probe Bloomberg
• Banks Pressed by Attorneys General to Halt, Fix Foreclosures Bloomberg
• Cordray Wants Lenders to Work With States in Probe: Video Bloomberg
• Emptywheel on the Stress Tests, Servicing Fraud as a Counter-Cyclical Diversification Strategy Rortybomb
• Mortgage Trouble Redux The American Prospect
• Peeking Behind JPM's Voodoo Numbers ZeroHedge
• FDIC Issues Proposal on Nonbank Company Resolution Process CCH Federal Banking Law Reporter
• SEC Proposes Capping Banks’ Stakes in Clearinghouses Bloomberg
• Understanding the Small Business "Credit Crunch": Perspectives from a Fed Regulator Federal Reserve Bank of St. Louis
• Financiers Offer Terms to the Rest of World in the Currency Wars Jesse's Café Américain
• Who Caused the Currency Wars? Project Syndicate

October 12

• Good Practice Principles on Supervisory Colleges - final document BIS
• Industry debate concludes lack of leadership is the main barrier to G20 spotting the next financial crisis JWG Group
• UK FSA's Turner: Stability More Important Than Financial Innovation Dow Jones
• Leverage and Monetary Policy Bank of England
• Non Accountant To Replace Tweedie at IASB Compliance Week
• Bernanke Is Heading Into His “Japanese” Phase The Daily Capitalist
• Summary of the Dodd-Frank Wall Street Reform and Consumer Protection Act Bingham
• FDIC Proposes Rules under Title II Allowing Different Treatment for Essential Creditors CCH Federal Securities Law Reporter
• Ohio Attorney General Fights Against Wall Street New York Times
• J.P. Morgan, BofA, Wells Fargo Tops in Foreclosed Home Loans Wall Street Journal
• Obama Backs State Foreclosure Probe, Against Nationwide Freeze, Gibbs Says Bloomberg
• Here Is Your Chance To Check If You Are The Victim Of Mortgage Fraud ZeroHedge
• Foreclosure Fraud For Dummies, 5: The Necessity of Government Action and Ways Out of The Crisis Rortybomb
• The Internet Delivers on Coverage of the Foreclosure Fraud Crisis Rortybomb
• Citigroup Stops Using Foreclosure Law Firm Facing Florida Probe Bloomberg
• The Robo-Signing Mess Is Just the Tip of the Iceberg ZeroHedge
• US mortgage bonds steady despite foreclosure flap Reuters
• Robo-signers: Mortgage experience not necessary AP
• The MBS mess from the beginning – the deal docs FT Alphaville
• "At the Root of the Crisis We Find the Largest Financial Swindle in World History" Washington's Blog
• White House Warns of “Downsides” to Nationwide Foreclosure Moratorium CCH Federal Banking Law Reporter
• Warren Says Lenders Should Simplify Mortgage Process: Video Bloomberg
• Crescenzi Says Deleveraging Process to Last for Years: Video Bloomberg

October 11

• A Detailed Look At Global Wealth Distribution ZeroHedge
• Global Finance Chiefs Fail to Resolve Currency Spat: Video Bloomberg
• Statement by ZHOU Xiaochuan, Governor, People’s Bank of China, China IMF
• G20 currency fist fight rolls into town Financial Times
• Currency Wars ! The Big Picture
• Currency wars are necessary if all else fails The Telegraph
• Lagarde: G20 To Address Financial Market Regulation Dow Jones
• Front-running the Fed FT Alphaville
• Macroprudential Supervision and Monetary Policy in the Post-crisis World Vice Chair Janet L. Yellen, Federal Reserve
• Brainard Remarks at the Institute of International Bankers’ Breakfast Regulatory Dialogue with Government Officials US Treasury
• Foreclosure Fraud For Dummies, 3: Why Are Servicers So Bad At Their Job? Rortybomb
• The mother of all (RMBS) tranche warfare FT Alphaville
• U.S. foreclosure halt would hit investors - SIFMA Reuters
• Title Insurers in Talks With Lenders on Foreclosure Warranties Bloomberg
• Bank Disinformation I: PR Machine in Overdrive on Foreclosure Fraud Front Naked Capitalism
• Bank Disinformation II: Banks Attacking Rule of Law Frontally Naked Capitalism
• ‘Catastrophic’ Foreclosure Freeze Meets Wall Street Opposition Bloomberg
• A Foreclosure Tightrope for Democrats New York Times
• Home remedies worth trying Washington Post
• 60 Minutes Brings HFT To The Mainstream, As CFTC Refutes HFT Liquidity-Provisioning Argument ZeroHedge
• Repeal of Credit Ratings Agency Exemption from Regulation FD Gibson Dunn

October 10

• Central Bankers Say Basel Accord a ‘Minimum,’ Expect More Rules Bloomberg
• Dudley Says Concerns Over Capital Are ‘Exaggerated’ Bloomberg
• Date The Headline ZeroHedge
• Taxation of the Financial Sector European Commission
• Commission Services Information Note European Commission
• MERS Enters Self-Preservation Mode, Issues Press Release To "Clarify" Its Role In Foreclosure Fraud ZeroHedge
• Foreclosure crisis much deeper than robo-signers Credit Writedowns
• Government had been warned for months about troubles in mortgage servicer industry Washington Post
• Pressure on nation's mortgage lenders intensifies: source Reuters
• Financial-regulatory reform: The SEC moving forward Securities and Exchange Commission member Luis A. Aguilar
• ‘Five Myths about Tarp’ Washington Post
• How Hank Paulson's Inaction Helped Goldman Sachs McClatchy Newspapers

October 9

• Obama Clarifies Pocket Veto Of Controversial Bill Related To Foreclosures Huffington Post
• Foreclosure Fraud Inquiry Planned By Up To 40 States AP
• QE Canaries In The Coal Mine? Normxxx

October 8

• FDIC May Seek $1 Billion in Damages From More than 50 U.S. Bank Executives Bloomberg
• Foreclosure Fraud For Dummies, 1: The Chains and the Stakes Rortybomb
• Subprime Pipeline (a simple visual aid) ZeroHedge
• MERS, an acronym of of mass foreclosure destruction FT Alphaville
• Florida Foreclosure Firm Fudged Forms, Ex-Paralegal Claims Bloomberg
• Man Who Had No Mortgage Faced Foreclosure Anyway: Ann Woolner Bloomberg
• How The Controversial Foreclosure Bill Made It Through Congress With No Public Debate Huffington Post
• There is Only One Way Out of the Foreclosure Crisis Washington's Blog
• 'This is the biggest fraud in the history of the capital markets' Washington Post
• Proprietary Traders Earn `Trust, but Verify': Simon Johnson Bloomberg
• Treasury Announces State-By-State Funding Allocations US Treasury
• Local governments axe jobs Reuters
• Feedback Statement on the consultation on guidance to report transactions on OTC derivative instruments CESR

October 7

• To Ease or Not to Ease? What Next for the Fed? Federal Reserve Bank of Dallas
• Obama will not sign foreclosure-friendly bill Reuters
• Obama Won't Sign Bill Affecting Foreclosures Wall Street Journal
• Updating the US foreclosure scandal FT Alphaville
• How Did This Pass? New York Times
• Fed's $2 Trillion May Buy Little Improvement in Jobs Bloomberg
• Dallas Fed’s Fisher Rebuts Calls for More Action Wall Street Journal
• Fed is banking on phony wealth effect Reuters
• NY Fed takes $180m hit on Hilton debt restructuring Financial Times
• Dodd-Frank: SEC Revises Regulation FD Rule to Remove Rating Agency Exception Foley and Lardner
• SEC Releases Tentative Rulemaking Schedule Drinker Biddle
• NYSE Commission Report Defines Core Principles of Corporate Governance Harvard Law School Forum on Corp Gov & FinReg
• CFTC's Proposed Voting Caps May Not Affect Existing Companies Dow Jones
• Swap Trading Systems Should Be Broadest Possible, ISDA Says Bloomberg
• France makes concession in EU hedge fund rules negotiations BobsGuide
• First mover The Economist
• Yuan Begins Electronic Trading Offshore Wall Street Journal
• World Economic Outlook - Recovery, Risk, and Rebalancing IMF

October 6

• The Federal Reserve’s Relevance Test Project Syndicate
• Stiglitz Says Fed Rate Policy May Cause Asset Bubbles Bloomberg
• Stiglitz: Central Banks Creating ‘Chaos’ Wall Street Journal
• Bernanke Counters Fed Unity Doubt as Regional Chiefs Echo Views Bloomberg
• House Republicans Wary of Fed Asset Purchase Plan, Garrett Says Bloomberg
• Geithner Sees `Damaging Dynamic' in Currency Policies Bloomberg
• IMF Calls for Huge New Round of Bank Bailouts Washington's Blog
• The 2007-09 Financial Crisis and Bank Opaqueness Federal Reserve Bank of San Francisco
• Regulating the Shadow Banking System Harvard Law School Forum on Corp Governance and FinReg
• The Role of Capital Regulations In Combating “Too Big To Fail” Geoffrey Rubin, Ph.D.
• Bair: Banks Must Prepare for Higher Rates Credit Writedowns
• Is HR3808 The Equivalent Of TARP 2 And Obama's "Get Out Of Bail" Gift Card For The High Frequency Signing Scandal? ZeroHedge
• Mortgage Mess Battle Lines Being Drawn The Fourteenth Banker
• Foreclosure Furor Rises; Many Call for a Freeze New York Times
• Delaware AG Joins Cries For Foreclosure Freeze, As Mortgage Meltdown Moves Away From Just Judicial States ZeroHedge
• Dodd-Frank Provisions Affecting Executive Pay Harvard Law School Forum on Corp Governance and FinReg
• SEC stripped of disclosure exemptions Investment News
• Schapiro got nearly $9M final payout from Finra Bloomberg
• CFTC Addresses Reporting of Pre-Enactment Swaps Bracewell & Guiliani
• Evolving Fiduciary Duties in the Era of Financial Reform Caplin & Drysdale
• Could Republicans gut parts of Wall St reform law? Reuters

October 5

• QE wars, Japan edition FT Alphaville
• Trading places: Who's risky now? BBC
• Asst Sec for Financial Markets Mary Miller - at the Future Industry Association Treasury and Rates Conference US Treasury
• Committee of Foreign Boards of Trade and the Dodd-Frank Bill CFTC
• Derivatives Reform: Comparison of Title VII of the Dodd-Frank Act to International Legislation CFTC
• International Issues in the Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act CFTC
• Phantom Pricing Expect[ed] Loss
• Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony Huffington Post
• Foreclosure Furor Rises; Many Call for a Freeze New York Times
• From Robo-Signing to RMBS FT Alphaville
• FDIC Adopts New Securitization Safe Harbors Mayer Brown
• SEC Interpretive Release on Presentation of Liquidity and Capital Resources Disclosure in MD&A Fried Frank
• Explanation and Practical Tips Regarding the SEC’s New Proxy Access Regime White and Case
• RBS chairman: Bonuses can only be controlled through regulation BobsGuide

October 4

• "Too big to fail" commission of experts Swiss Federal Department of Finance
• CFTC Bank-Stake Proposal, Muni Fees, Geithner’s Bet: Compliance Bloomberg
• Remarks, Swap Execution Facility Conference - Chairman Gary Gensler CFTC
• BofA accused of fraud over mortgage-backed securities BobsGuide
• Foreclosure Paperwork Scandal 'Same Process' That Fed The Housing Bubble Huffington Post
• Asset-Backed Sales Fall to 15-Year Low as Consumers Cut Back Bloomberg
• TARP - Opportunities Exist to Apply Lessons Learned from the Capital Purchase Program to Similarly Designed Programs GAO

October 3

• Too Big Too Care The Fourteenth Banker
• Count on Sequels to TARP New York Times
• Shaping the New Financial System IMF
• The tale of TARP Washington Post
• MERS/MBS/Foreclosure Goes RICO Market Ticker
• Shift to Wealthier Clientele Puts Life Insurers in a Bind Wall Street Journal
• We're In a Global Currency War ... But What Does It Mean? George Washington's Blog

October 2

• Financial reform: a progress report - Stephen G Cecchetti BIS
• IMF renews call for bank levy, global oversight Reuters
• Futures Sale Spurred May 6 Panic as Traders Lost Faith in Data Bloomberg

October 1

• Findings Regarding the Market Events of May 6, 2010 - Report of the Staffs CFTC and SEC
• Fannie, Freddie join forces with regulators to remedy foreclosure paperwork problem Washington Post
• Is the US Government About to Forgive Mortgage Debt? ZeroHedge
• More Clues on the SEC Dodd-Frank Timeline Leonard, Street and Deinard
• BlackRock Advocates Stricter Swaps Clearing Rules Bloomberg
• CFTC calls for cap on stakes in clearing houses and exchanges Finextra
• Dissenting Statement of Commissioner Jill E. Sommers CFTC
• MSRB Notice 2010-42: Expanded MSRB Mission; Rulemaking for Municipal Advisors MSRB
• “Revolving door” lobbyists: The value of political connections in Washington Vox
• EU to Pursue Plans to Set Up a European Credit Rating Agency Bloomberg
• Volcker: "The Financial System is Broken" & "Mortgage Market Has Become a Subsidiary of the U.S. Government" Washington's Blog
• Mortgage Investors Call for Trustees to Probe Foreclosure Items Bloomberg