At War Over Who We Are

April 6, 2017 — It was the night of January 30, in front of the U.S. Supreme Court. Bingham Graves, of Knoxville, Tenn., stood outside in the near-freezing Washington, D.C., weather, her head held high, facing the general direction of the U.S. Supreme Court, with the dome of the U.S. Capitol providing a backdrop. She held aloft a home-made […]

SEC Nominee Would Ease Way Into Capital Markets for Mid-sized Firms

    UPDATE 4/5/2017: The nomination of Jay Clayton as Chairman of the Securities and Exchange Commission was approved by the Senate Committee on Banking and Urban Affairs on Tuesday, April 4. The full Senate is expected to vote on the confirmation later in the month.   Jay Clayton, President Donald Trump’s nominee to chair the Securities and Exchange […]

Financial Regulatory Rollback to Be More Slow and Steady, Less Shock and Awe

Rescission of PE Registration Requirement Won’t Happen Anytime Soon President Donald Trump campaigned on a promise to roll back financial regulatory reform, but Republican lawmakers warn not to expect significant changes — if any — to the massive financial regulatory package known as Dodd-Frank before year-end, as the GOP-led Congress sorts out the priorities of its ambitious legislative agenda. […]

A ‘Dr. Evil’ Moment for House Republicans

On January 6, this tweet appeared. Uhhhh, holy shit — Sebastian @SF (@gundamman) January 5, 2017 The top photo is real, although a reasonable person might suspect it was manipulated (or posed?), so striking is the resemblance to the still from the 1997 comedy “Austin Powers,” featuring Mike Myers in one of his two roles, here, Dr. Evil. […]

The horse he rode in on

Below is a letter I sent to The Wall Street Journal editor in chief, Gerard Baker, on Nov. 14, in response to his message about the new format of the newspaper, a kind of Journal Lite, or so he seems to be saying. I’m posting it here just in case he doesn’t read the copy sent to the paper’s […]

A Wagonload of ‘I Don’t Knows’ Stumpfs Congressional Panel

  John Stumpf showed the world today how the CEO of a very large bank can be totally out of touch with the organization he oversees. Or, maybe he just showed us how hard it is to say “I’m sorry” without incriminating yourself. Either way, he made heavy use of the phrase, “I don’t know.” One member of the […]

Up in Smoke: Any Chance of Halting Creation of the Utility Monster that Ate Cleveland. And Baltimore. And, …

If you’re a news junkie in the D.C. area and you’ve been following the proposed Pepco-Exelon merger drama for the past couple of years, you might know that at 1:54 p.m. today, the Washington Business Journal announced that D.C. Public Service Commission — the last regulatory hurdle to the $6.8 billion all-cash tie-up of energy giant Exelon and local utility […]