{"id":259834,"date":"2010-02-01T13:15:01","date_gmt":"2010-02-01T18:15:01","guid":{"rendered":"http:\/\/washingtonindependent.com\/?p=75371"},"modified":"2010-02-01T13:15:01","modified_gmt":"2010-02-01T18:15:01","slug":"bank-execs-to-testify-on-newly-proposed-regulations","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/259834","title":{"rendered":"Bank Execs to Testify on Newly Proposed Regulations"},"content":{"rendered":"<p>More scrutiny of President Obama&#8217;s <a href=\"http:\/\/www.nytimes.com\/2010\/01\/22\/business\/economy\/22policy.html?ref=todayspaper\" >proposed<\/a> bank regulations coming this week. Not only will Paul Volcker, chairman of the White House Economic Recovery Advisory Board, be testifying tomorrow before the Senate Banking Committee, but another hearing featuring Wall Street executives has been scheduled for Thursday, the committee just announced.<\/p>\n<p>Volcker, of course, will be <a href=\"http:\/\/dealbook.blogs.nytimes.com\/2010\/02\/01\/volcker-how-to-reform-our-financial-system\/\" >defending<\/a> the proposed regulations, which would limit both the size and the trading activities of Wall Street&#8217;s largest firms. (After all, he wrote them.) Don&#8217;t expect the same enthusiasm from Gerald Corrigan, managing director of Goldman Sachs, or Barry Zubrow, executive vice president of JPMorgan.<span id=\"more-75371\"><\/span><\/p>\n<p>The question remains: Can the Democrats pass tighter restrictions on the nation&#8217;s banks &#8212; a long-term strategy designed to prevent another Wall Street collapse &#8212; even as they&#8217;re pushing short-term fixes to stimulate the ailing economy?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More scrutiny of President Obama&#8217;s proposed bank regulations coming this week. Not only will Paul Volcker, chairman of the White House Economic Recovery Advisory Board, be testifying tomorrow before the Senate Banking Committee, but another hearing featuring Wall Street executives has been scheduled for Thursday, the committee just announced. Volcker, of course, will be defending [&hellip;]<\/p>\n","protected":false},"author":4315,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-259834","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/259834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4315"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=259834"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/259834\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=259834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=259834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=259834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}