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Scranton Times-Tribune
Highlights of U.S. Rep. Paul Kanjorski's legislation to better regulate the financial services industry Congressman Paul E. Kanjorski unveils sweeping changes to financial services industry
U.S. Rep. Paul E. Kanjorski, D-11, Nanticoke, wants to reform the regulatory structure of the U.S. financial services industry. Full Article at Scranton Times-Tribune
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The House Financial Services Committee has voted to give federal regulators more power and resources to seek out and prevent abuses on Wall Street. The vote was 41-28. Full Article at Politics Daily
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For the last decade or so, Internet service providers have been dealing with requests to block access to pornographic or copyright-infringing Web sites, or in China, ones that dare to criticize the government. Full Article at CBS News
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Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Full Article at The Washington Post
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At this morning's session, two committee members mentioned that the Obama administration is on board. Full Article at Huffington Post
Related Quotes
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In the last five years, there's been a significant change and a greater sophistication in the financial service industry than has ever happened in the history of mankind ... So we're going to have to change fast.
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The suggestion contained in Representative Kenjorski’s Bill that the Cayman Islands hedge funds trading in the United States should be subject to US regulation is entirely welcome and represents the fundamental change in the US regulatory approach to requiring hedge funds to undertake registration
SOURCE: Cayman Net News -
If our fund is strong and a major nonbank fails, there will be a strong temptation to unfairly raid the bank FDIC fund to pay for it
SOURCE: The Honolulu Advertiser -
Without the ability for the government to step in, manage the failure of a large firm and contain the risk we are resigned to repeat the experience of last fall
