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What's Going On At Capitol Hill?


Dodd-Frank is seeing a lot of attention recently from Wall Street's elite and Washington policy maker are joining them, as they discuss what exactly will happen next year.

According to New York Times (NYSE: NYT) DealBook, Elizabeth Warren, who will run the new Consumer Financial Protections Bureau, met with Craig Newmark, the founder of Craigslist in the middle of November.

On November 4, treasury officials met with Larry Summers. Officials from Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS) and Fortress Investment Group (NYSE: FIG) were also present. The discussions mainly focused on what to do with Fannie Mae and Freddie Mac.

A little less than a week later, Timothy Geithner met with executives from the Asian-divisions of Wall Street banks, like Goldman Sachs, JPMorgan Chase and Citigroup. He also discusses new derivative regulations with the Singapore Government Investment Corporation.

On November 17, Deputy Treasury Secretary Neal Wolin met with executives banks such as Barclays Capital, Goldman and Deutsche Bank, and others to discuss the new laws taking effect. Louis Susman, United States Ambassador to the United Kingdom was also present.


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Posted-In: Craig Newmark Dodd-Frank Elizabeth Warren Tim GeithnerPolitics Economics General