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This line of reasoning is most closely identified with Elizabeth Warren, a Harvard law professor and the current chairwoman of the congressionally appointed committee overseeing the Treasury's bailout efforts. In a 2007 article in the journal Democracy, Warren argued for what she called a Financial Product Safety Commission. But the idea isn't exclusive to her. Canada, which did not suffer the subprime woes of its southern neighbor, created a consumer financial agency in 2001. Australia and the Netherlands have taken the more ambitious step of consolidating all consumer and market oversight under one financial regulator while leaving soundness...

Author: /time Magazine | Title: Financial Aid | 7/27/2009 | See Source »

...unfrying an egg" - but it doesn't call for widening them either. Creating bike lanes and crosswalks will help make the area less inhospitable to nondrivers. But what happens if Tysons doesn't bulk up enough to wipe out the sprawl? That won't happen, says Sharon Bulova, chairwoman of the Fairfax County board of supervisors. Enough landowners have already detailed their visions and are simply waiting for the official go-ahead in October to start submitting rezoning applications. And if the economy slows down the redevelopment? "Then it waits," says Bulova. "You don't adopt a new plan...

Author: /time Magazine | Title: A (Radical) Way to Fix Suburban Sprawl | 6/11/2009 | See Source »

...more fruitful discussion between the public and private sectors—policymakers and rating agencies—about how to better design the process of rating securities and minimize conflicts of interest. “The status quo isn’t good enough,” said SEC Chairwoman Mary Schapiro at a roundtable discussion on the subject last week. While some problems with rating agencies are indeed structural, there are more basic issues of risk-taking behavior at stake that cannot be changed simply through regulation, cooperation, or incentives...

Author: By Noah M. Silver | Title: Risky Business | 4/21/2009 | See Source »

...Rattner and wife Maureen White have been very involved in the Democratic Party. White was formerly national finance chairwoman of the Democratic National Committee and the couple have raised money for Al Gore, John Kerry, Hillary Clinton, and Barack Obama...

Author: /time Magazine | Title: Obama Car Guru Steve Rattner | 4/20/2009 | See Source »

...under a fresh chairwoman and a new President, is reopening the debate. On Wednesday it will host a roundtable discussion with the heads of both major and minor credit-rating agencies as well as investors and academic experts. "We're inviting a lot of the people who have had some very interesting ideas about what would be a better model," SEC chairwoman Mary Schapiro told Congress in March. "There have been some very thoughtful proposals put out there...

Author: /time Magazine | Title: The SEC's Next Challenge: Fixing the Ratings Agencies | 4/15/2009 | See Source »

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