Regulating Wall Street together - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Regulating Wall Street together

(NBC) – Fin reg could mean fewer excesses on Wall Street and more cooperation on Capitol Hill.

Who knows what will happen when this comes to a vote, but both parties are now saying they can work together on financial regulation.

President Barack Obama pushed it Monday night during a speech in California.

"We have to acknowledge that the status quo has not worked," the President said.

The government has just sued Goldman Sachs for knowingly selling bad mortgage securities.

Lehman Brothers' bankruptcy when the housing bubble burst was under a house microscope Tuesday.

"Lehman's unscrupulous practices illustrate exactly why the Senate needs to quickly pass and the Congress needs to swiftly finalize the Wall Street reform bill," said State Rep. Paul Kanjorski (D-PA).

Democrats Tuesday dropped a plan that keeps bailouts as a backup. That could win over republican votes.

"There is a very serious effort to re-engage now and get a result," said Sen. Mitch McConnell (R-KY).

Both sides are cooperating against the likes of Richard Fuld, the former Lehman Brothers CEO who made a half billion dollars but let his company fail and drag down the economy.

Copyright 2010 NBC. All rights reserved.

  • Local NewsLocalMore>>

  • Police: Woman shot at, punched ex-boyfriend in Walmart parking lot

    Police: Woman shot at, punched ex-boyfriend in Walmart parking lot

    Sunday, July 15 2018 2:04 PM EDT2018-07-15 18:04:53 GMT
    Source: PixabaySource: Pixabay
    Source: PixabaySource: Pixabay
    NORTH MYRTLE BEACH, SC (WMBF) - Warrants could be issued as early as Sunday after a Myrtle Beach woman allegedly shot at her ex-boyfriend  and his new girlfriend in the parking lot of Walmart on Highway 17. North Myrtle Beach spokesman Pat Dowling says the incident happened in the parking lot around 1:20 a.m.. According to authorities the female suspect followed her ex-boyfriend to the Walmart before confronting him and punching him several times in the face. Dowling ...More >>
    NORTH MYRTLE BEACH, SC (WMBF) - Warrants could be issued as early as Sunday after a Myrtle Beach woman allegedly shot at her ex-boyfriend  and his new girlfriend in the parking lot of Walmart on Highway 17. North Myrtle Beach spokesman Pat Dowling says the incident happened in the parking lot around 1:20 a.m.. According to authorities the female suspect followed her ex-boyfriend to the Walmart before confronting him and punching him several times in the face. Dowling ...More >>
  • One killed, one hurt after dumpster falls on workers at Campbell's factory in Maxton

    One killed, one hurt after dumpster falls on workers at Campbell's factory in Maxton

    Sunday, July 15 2018 1:39 PM EDT2018-07-15 17:39:28 GMT
    (Source: Raycom Media)(Source: Raycom Media)
    (Source: Raycom Media)(Source: Raycom Media)
    ROBESON COUNTY, NC (WMBF) - One man is dead and another seriously injured after an incident at the Campbell's Soup factory in Maxton Sunday morning. According to Sheriff Kenneth Sealey deputies responded to a 911 call around 11 a.m. Authorities believe the workers were attempting to move a dumpster using a forklift when it shifted, falling on two people.  The status of the seriously injured man is unknown at this time.  Sealey says the incident is still under investi...More >>
    ROBESON COUNTY, NC (WMBF) - One man is dead and another seriously injured after an incident at the Campbell's Soup factory in Maxton Sunday morning. According to Sheriff Kenneth Sealey deputies responded to a 911 call around 11 a.m. Authorities believe the workers were attempting to move a dumpster using a forklift when it shifted, falling on two people.  The status of the seriously injured man is unknown at this time.  Sealey says the incident is still under investi...More >>
  • North Myrtle Beach Police searching for alleged shoplifter

    North Myrtle Beach Police searching for alleged shoplifter

    Sunday, July 15 2018 11:51 AM EDT2018-07-15 15:51:22 GMT
    Source: North Myrtle Beach Department of Public Safety FB pageSource: North Myrtle Beach Department of Public Safety FB page

    NORTH MYRTLE BEACH, SC (WMBF) - Police need your help searching for a woman accused of shoplifting in North Myrtle Beach on Friday. Authorities believe the suspect is driving a newer model, 4-door sedan. Details are limited at this time however police have provided photographs of the woman and her vehicle. If you have any information about the suspect or her whereabouts you are asked to contact North Myrtle Beach Police at 843-280-5549. Copyright 2018 WMBF News. All rig...

    More >>

    NORTH MYRTLE BEACH, SC (WMBF) - Police need your help searching for a woman accused of shoplifting in North Myrtle Beach on Friday. Authorities believe the suspect is driving a newer model, 4-door sedan. Details are limited at this time however police have provided photographs of the woman and her vehicle. If you have any information about the suspect or her whereabouts you are asked to contact North Myrtle Beach Police at 843-280-5549. Copyright 2018 WMBF News. All rig...

    More >>
Powered by Frankly