Women In Politics is an important topic in the United States. From Mayors to Senators&we need more.
Bullard Joins Two Colleagues Backing Derivatives Curb (Update1)
June 16 (Bloomberg) — Federal Reserve Bank of St. Louis President James Bullard has joined two colleagues in support of a proposal by Senator Blanche Lincoln that would force commercial banks to wall off their swaps-trading desks.
Read more on Bloomberg
Female accountants sponsor conference
Lori Davis and Denise Denning hope 18 months of work will pay off next week when certified public accountants, lawyers and other finance professionals from an eight-state region arrive to attend the American Society of Women Accountants’ regional conference.
Read more on The Wichita Eagle
Credit raters could get reprieve in Wall Street bill
Credit rating agencies like Moody’s Corp and Standard & Poor’s hoped to win a reprieve on Tuesday from a proposal that would upend their business model as U.S. lawmakers sat down to craft a final rewrite of financial regulations
Read more on Reuters via Yahoo! News
Flip Flopping in the Housing Market
The theories about economics and markets developed in the last 100 years are almost all nonsense. Markets are not perfect. They do not reflect the actual value of things. There’s no way of knowing what the actual value is. Instead, markets are always discovering value – in fits and starts – imperfectly. They reflect reality and fantasy…the future and the past…math and muddle.
Read more on The Daily Reckoning
Rep. Luis Gutierrez: Time for Wall Street to Ex Ante Up!
The House version of the Wall Street reform bill has a $150 billion fund — pre-paid by the big banks — that would cover the cost when a big bank fails. The Senate bill does not.
Read more on The Huffington Post
US House panel want weak bank capital rules
WASHINGTON, June 18 — US House negotiators crafting a financial regulation bill agreed yesterday to water down a proposal designed to tighten capital requirements for banks to ensure stability during crises. House lawmakers voted to weaken a plan from Senator Susan Collins that would boost capital rules for banks and would require Tier 1 capital …
Read more on The Malaysian Insider
Capital in the Capitol
A controversial provision in the Senate bill would force bank holding companies to hold more capital and essentially prohibit them from counting hybrid securities as Tier 1. The House is proposing to tailor the provision in such a way that it would only affect banks with more than $15 billion of assets.
Read more on Wall Street Journal Blogs
Lawmakers gird for showdown on credit raters
Lawmakers on Tuesday girded for a showdown over a measure that could upend the business model of credit rating agencies like Standard & Poor’s and Moody’s Corp., in the first real test of the congressional panel crafting a final Wall Street reform bill.
Read more on Reuters via Yahoo! News
Kevin Zeese: Disappointing Finance Bill Still Has Issues Worth Fighting For
The financial reform bill in its final stages of legislative action did not break up the big banks, re-instate Glass-Steagall, reign in bonuses and executive…
Read more on The Huffington Post
Nocera: Wake-Up Time for a Dream
Sheila Bair, the chairwoman of the Federal Deposit Insurance Corporation , began her week with a bit of honest heresy, the kind that only she, among all the bank regulators, seems willing to utter in the wake of the financial crisis.
Read more on New York Times
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