Search Results for: Financial Crisis

House committee delays consumer financial protection agency legislation

July 22, 2009 07:39:00 AM

The US House Financial Services Committee on Tuesday delayed action on legislation that would create a consumer financial protection agency, slowing progress on a key Obama administration project. The delay was granted at the...

July 17, 2009 02:05:00 PM

Finance expert William Brodsky on Friday called for the merger of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) . Brodsky and others testified before the US House of...

July 15, 2009 11:38:00 AM

The US Securities and Exchange Commission (SEC) is engaging in more vigorous enforcement of its rules and policies in order to address the financial crisis and improve investor protection, Chairman Mary Schapiro testified before...

June 20, 2009 10:33:00 AM

A European Council summit meeting in Brussels concluded on Friday with a resolution to create a new European financial supervisory and monitoring system. The new system will seek to balance the need of...

June 17, 2009 02:51:00 PM

US President Barack Obama proposed a broad series of financial regulatory reforms Wednesday intended to reestablish stability and confidence in the US financial system. The plan calls for the expansion of Federal Reserve...

June 8, 2009 08:01:00 AM

JURIST Guest Columnist Zeray Yihdego of Oxford Brookes University School of Social Sciences and Law says that the UN and the world's powers must act to help stabilize Somalia, too long plagued by clan infighting, lawlessness, regional conflict involving Ethiopia...

June 5, 2009 10:57:00 AM

The US Securities and Exchange Commission (SEC) on Thursday charged former Countrywide Financial Corporation officials with securities fraud arising from misleading investors. Former CEO Angelo Mozilo was additionally charged with insider trading for...

June 1, 2009 12:56:00 PM

US automaker General Motors (GM) filed for Chapter 11 bankruptcy protection Monday. The proceedings will be handled by Judge Robert Gerber of the US Bankruptcy Court for the Southern District of New York [official...

May 21, 2009 10:40:00 AM

US President Barack Obama on Wednesday signed into law the Fraud Enforcement and Recovery Act , which aims at expanding the federal government's authority to prosecute acts of financial fraud. Obama said [press...

May 19, 2009 08:30:00 AM

The US House of Representatives on Monday approved the Fraud Enforcement and Recovery Act , which creates a commission to investigate the cause of recent economic turmoil and allocates more resources for...

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THIS DAY @ LAW

President Johnson signed law against burning draft cards

On August 31, 1965, President Johnson signed a law making the burning of draft cards a federal offense subject to a five-year prison sentence and $1000 fine. In response to the law and in protest of the war in Vietnam, the student-run National Coordinating Committee to End the War in Vietnam staged the first public burning of a draft card in the United States on October 15, 1965. The constitutionality of the federal law was upheld in 1968 by the US Supreme Court in US v. O'Brien.

Gdansk Agreement reached

On August 31, 1980, the communist government of Poland and labor leaders settled the Gdansk Agreement. The accord settled a summer of labor strikes at the Lenin Shipyard in Gdansk, Poland. With the Agreement, Poland became the first communist country to allow the creation of an independent labor union, which was called Solidarity. Solidarity then became the driving force that ended communism in Poland. Learn more about the history of Solidarity.