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Two Exchanges To Benefit From Reforms
Monday, August 30, 2010 - 3:07pm | 155While the recent financial reform bill is broadly sweeping, a few winners are likely to emerge. One of the more interesting features in the massive bill involves various derivatives. For the first time, most derivatives including foreign exchange and commodities contracts will need to be traded...
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Goldman Sachs (GS) Sees Shares Rally
Saturday, June 26, 2010 - 4:52pm | 164Goldman Sachs (GS) shares rallied over 3.4% to end the day at $139.66. Shares traded up in the after hours market to cross over the $140 level. Bank stocks rallied on news of a financial reform bill. The financial reform bill is not nearly as tough on investment banks as previously anticipated....
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The Federal Government Is Considering Imposing A Bank Tax
Saturday, June 26, 2010 - 4:34pm | 128The federal government is contemplating hitting the big banks with a bank tax. The government wants to tax banks a whopping $90 billion dollars over the next 10 years. The government is trying to recoup losses from the TARP fund. According to President Barack Obama, "we need to impose a fee on the...
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Is This Really Financial Reform For Banks (XLF)?
Wednesday, June 23, 2010 - 5:36pm | 196After almost 2 years of discussion, Congress is finally set to introduce a financial reform bill. The financial reform bill is supposed to prevent a taxpayer funded bailout for the big banks (XLF) from ever taking place again. If the bill passes in its current form, it will do very little to reform...
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Commercial Real Estate Videos of the Week
Sunday, June 20, 2010 - 6:00am | 127Commercial Real Estate Videos of the Week-June 13-19 Former Chairman and CEO of General Electric (NYSE: GE), Jack Welch, speaks about various topics including financial reform, and carried interest. In case you missed it, here’s the video of Rep. Joe Barton R-TX apologizing to BP...
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Commercial Real Estate Week in Review
Saturday, June 12, 2010 - 6:00am | 440Commercial Real Estate Week in Review-June 6-12 -Obama to Congress: Get reform bills reconciled before G-20. -GE Capital to cut real estate portfolio by 50%. -Cassidy Turley looking to compete with Jones Lang LaSalle (NYSE: JLL) and CB Richard Ellis in commercial real estate. -JP...
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Fannie & Freddie: Complain or Commend?
Monday, May 17, 2010 - 6:00am | 665Word broke recently of Fannie Mae’s first quarter results. The verdict? An $13.1 billion loss. As a result, Fannie is asking the federal government for $8.4 billion in assistance, tapping into its currently unlimited line of credit. The announcement comes less than a week after smaller...
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Republicans Spreading One Big Lie About Financial Reform Bill
Tuesday, April 20, 2010 - 12:25pm | 254As expected, Republican leaders in the Senate have begun a campaign of misinformation, distortion, and flat-out lying in an effort to derail the financial reform bill as they (unsuccessfully) did with the healthcare reform bill which passed last month. Sen. Mitch McConnell (R-KY), the Senate...
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Financial Reform Debate Heats Up: GOP Comes Out Fighting
Tuesday, April 13, 2010 - 11:36am | 184The debate over the impending financial reform bill set for introduction onto the Senate floor heated up today as the Senate GOP formally voiced its opposition. Sen. Mitch McConnell (R-KY), the Senate Minority Leader, said today that the financial reform bill pending will "make [problems] worse"...
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Republican Criticism Of Financial Reform Bill Begins
Saturday, April 3, 2010 - 2:19pm | 146In a weekly address by the Republican Party, Rep. Kevin McCarthy (R-CA) stated that the financial reform bill pending in the House and Senate would give the government "virtually unlimited power to pick winners and losers – and hardworking American taxpayers would pick up the tab for the reckless...
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Geithner Predicts Republican Support For Financial Reform
Saturday, April 3, 2010 - 1:40pm | 233This week, Treasury Secretary Timothy Geithner claimed that a financial reform bill that would gain Republican support is becoming more of a reality, setting up an expectation that the passing of such a bill with bipartisan support will be accompanied by a massive cold front moving in as Hell...