Representative Ed Perlmutter News

"Let Wall Street Pay" is not quite as pugnacious as "Make Wall Street Pay." But it's still an "in-your-face" verbal assault on Wall Street.

Several members of Colorado's Congressional delegation released statement's following President Obama's address at West Point.

Because the stimulus has worked out so well, a pair of magical politicians , have figured out a new way to "Pay" for it: Two Democratic congressmen have cooked up a plan to help us out.

The House Financial Services Committee decided to soften language in a controversial amendment to the proposed Financial Stability Improvement Act that would have given a systemic risk regulator the ability to rewrite accounting standards.

The worst of the recession appears to be over. Stock markets are regaining the faith of investors.

If you are in the stock market you may see increased taxes soon to fund a new job program Congress is trying to pass before the end of the year.

Lawmakers could propose within weeks a US version of the tax on financial trades favoured by Gordon Brown to fund the global recovery from the financial crisis.

Lawmakers have backed away from a proposal that would have weakened the Securities and Exchange Commission's oversight of accounting standard-setters. Reps.

Via Drudge comes this news , reported by The Hill newspaper, of a long-awaited stock transaction tax bill.

A House bill still being drafted aims to raise $150 billion each year to pay for new jobs.

An amendment to the in-progress Financial Oversight Stability Act would allow financial regulators to review accounting standards but give them no final authority.

Here is how area members of Congress -- Reps. Joe Donnelly and Peter Visclosky and Sens.

His shirt sleeves rolled up, U.S. Rep. Ed Perlmutter was in a fighting mood as he worked fellow members of the Financial Services Committee last week, but by then the cause was already lost.

The SEC is coming out firmly against a proposed amendment that would create an oversight council of bank regulators that would have the ability to rewrite accounting standards.

U.S. House Democrat leaders are trying to save face for Ed Perlmutter , but his proposal to create a new regulatory agency that would have destroyed the independence of the Securities and Exchange Commission and the Financial Accounting Standards Board was effectively voted down by voice vote in the House Financial Services Committee.

The House Financial Services Committee next week is set to debate the highly contentious issue of whether the government should have the power to break up large financial firms even if they're not about to fail.

Commissioner Elisse Walter hopes to squelch a legislative proposal that would make FASB subject to oversight by banking regulators.

The Financial Services Forum, a lobby group, has said it opposes an effort to give the U.S. government permission to break up large firms.

Two Colorado congressmen spent more than $100,000 each of taxpayer money last year to mail constituents fliers that critics say are really a way to bolster their campaigns, a CALL7 investigation found.

In the early 1960s consumer advocate Ralph Nader wrote a book titled "Unsafe at Any Speed," which chronicled the frightening results of the Chevrolet Corvair in road accidents.