John Reed News
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An Arkansas proposal to use Medicaid money to buy private insurance for poor residents was passed by the state Senate, aiding efforts to implement the Obama administration’s health-care overhaul in states with Republican-led legislatures.
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Regulators want safety. Investors want profits. Employees want bonuses.
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Bill Clinton has a favorite Robert Rubin story.
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President Barack Obama needs a new Treasury secretary. Timothy Geithner has made clear that he intends to leave. Furthermore, it is time to bring some fresh thinking to two vital issues: fiscal policy and financial-sector oversight.
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Wall Street’s biggest banks, whose missteps caused a global financial crisis and economic slowdown two years ago, were more agile when it came to countering the political and regulatory response.
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Citigroup Inc. will halve the minimum balance on checking accounts with the highest level of service, in a push to get more customers to use the bank for their primary accounts.
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Former Federal Reserve Chairman Paul Volcker and former Citigroup Inc. co-chairman John Reed have been named to a Federal Deposit Insurance Corp. panel that will help the agency map strategy for unwinding too-big-to-fail financial firms when they collapse.
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We are fast approaching an important but underappreciated anniversary: Robert Rubin’s 20th year of extraordinary proximity to political power in Washington. This is not a milestone to be celebrated.
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Maybe Sanford Weill is having builder's remorse.
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