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Politics

>> CARL LEVIN Latest News

NOV 21, 2014 - Huffington Post

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The Fed Just Acknowledged Its Too Big To Jail Policy

WASHINGTON -- The federal government until recently shielded big banks from criminal prosecution out of concern that convictions may damage the financial system, a top Federal Reserve official said Friday, explicitly acknowledging a policy long denied by the Obama administration. The admission came during a tense exchange between William Dudley, president of the Federal Reserve Bank of New York, and ...

Tags: The Fed Just Acknowledged Its Too Big To Jail Policy,  Carl Levin Latest News

NOV 21, 2014 - Business Insider

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The Senate Hearing On Goldman's Alleged 'Merry-Go-Round' Deals Was Very Uncomfortable

The Goldman Sachs Senate hearing on commodities got nasty yesterday, The New York Times reported.“What’s the point? Maybe you can help me out here,” the Times quoted a frustrated Senator McCain (R-Arizona) as saying to a panel of Goldman executives. It was the first of a 2-day hearing over the bank’s sway in the commodities market. The Senate’s Permanent Subcommittee on Investigations ...

Tags: The Senate Hearing On Goldman's Alleged 'Merry-Go-Round' Deals Was Very Uncomfortable,  Carl Levin Latest News

NOV 20, 2014 - Business Insider

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You're Going To Hear A Lot About Goldman Sachs' Alleged 'Merry-Go-Round' Deals Today

For the next two days, two Goldman Sachs executives will be testifying on Capitol Hill about the bank's role in commodity markets, specifically in metals like aluminum and uranium. Legislators will try to understand whether Goldman took over the distribution of these commodities to such an extent that it was able to lengthen the time the metals sat in warehouses, ...

Tags: You're Going To Hear A Lot About Goldman Sachs' Alleged 'Merry-Go-Round' Deals Today,  Carl Levin Latest News

NOV 20, 2014 - Business Insider

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You're Going To Hear A Lot About Goldman Sachs' Alleged 'Merry Go-Round-Round' Deals Today

For the next two days, two Goldman Sachs executives will be testifying on Capitol Hill about the bank's role in commodity markets, specifically in metals like aluminum and uranium. What the legislators will be trying to understand, is whether or not Goldman took over the distribution of these commodities to such an extent that it was able to lengthen the ...

Tags: You're Going To Hear A Lot About Goldman Sachs' Alleged 'Merry Go-Round-Round' Deals Today,  Carl Levin Latest News

NOV 19, 2014 - Huffington Post

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Wall Street Banks Manipulated Commodity Prices At Consumers' Expense, Senate Report Finds

WASHINGTON (AP) — Three big Wall Street banks that have owned commodities such as aluminum exposed themselves to risk and sometimes manipulated prices in a way that raised costs for consumers, a Senate investigation has found. The heavy involvement of Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley in the business of storing and moving commodities like ...

Tags: Wall Street Banks Manipulated Commodity Prices At Consumers' Expense, Senate Report Finds,  Carl Levin Latest News