The most disturbing thing of all about the QE3 from the Fed, is the governors seem to be taking action in the face of mounting evidence of strong secular headwinds opposing their QE actions and risk taking. Read More
State of the Union: Highlights (and Lowlights) from Obama’s Speech
Article by Jody Shenn, Lorraine Woellert and Prashant Gopal, Bloomberg President Barack Obama answered Ben S. Bernanke’s appeal for more action to fix the U.S. housing market that’s restraining the economic recovery by proposing a plan to help borrowers reduce their monthly mortgage payments. Obama is sending Congress legislation that would allow homeowners to tap record-low borrowing costs, potentially boosting [...]
Washington Week Ahead: January 23rd-27th
Courtesy of DC Tripwire Major Actions This Week: White House On Wednesday, the Obama Administration announced that they would not approve the Keystone XL pipeline. Yesterday, President Obama traveled to Orlando, FL, to announce his initiative to promote tourism in the U.S. as a part of his “We Can’t Wait” campaign of executive actions. Senate [...]
Economy Improves But Recovery Hurdles Persist
Article by Lucia Mutikani, Reuters The number of Americans filing for new jobless benefits dropped to an almost four-year low last week, and factory activity in the mid-Atlantic expanded moderately, suggesting the economy carried some momentum into the new year. But the pace of growth probably will slow. Analysts cautioned the drop in jobless claims [...]
Regulators Fleeing Ratings Agencies, Greece and Portugal Bonds Risk-Free?
Article By Yalman Onaran, Bloomberg U.S. regulators, required by Congress to remove credit ratings from banking rules, have devised a plan anchored in a Paris-based group’s rankings that assign zero risk to most European government debt. The Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency proposed rules last [...]
One Step Further on Fed’s Proposed Bank Rules, Impact on Industry
Provided By DC Tripwire Yesterday the Federal Reserve Board of Governors issued a proposal on federal stability rules governing the nation’s largest banks and those institutions, which the Financial Stability Oversight Council (FSOC) will designate as systemically important. The impact of the proposal would govern from capital requirements to single-party credit exposures among the largest and [...]
Fed Proposes New Capital Rules for Banks
Article By Ben Walsh, Business Insider The Federal Reserve has just released draft rules relating to a number of Dodd-Frank requirements, as well as Basel III, including a capital surcharge for systemically important financial institutions, limits on leverage and credit-exposure and liquidity requirements. The draft rules are meant to apply to U.S. bank holding companies with [...]
Washington Week Ahead: Dec. 19th – 23rd
Courtesy of DC Tripwire Major Actions This Week: White House On Monday, President Obama hosted Iraqi Prime Minister Nouri al-Maliki at the White House to discuss the end of the war in Iraq. On Tuesday, the President conducted interviews with local television anchors from across the country about the end of the war in Iraq, [...]
Washington Week Ahead: Dec. 12th – Dec. 16th
Courtesy of DC Tripwire Major Actions This Week: White House This morning, President Obama is hosting Iraqi Prime Minister Nouri al-Maliki at the White House to discuss the end of the war in Iraq. On Tuesday, the President will conduct interviews with local television anchors from across the country about the end of the war [...]
Washington Week at a Glance: February 14th – February 18th
From my partner, DCTripwire: Major Actions Last Week: White House Treasury and HUD released their GSE reform proposal, due under the Dodd-Frank Act. This week, President Obama continued promoting his innovation and entrepreneurship initiatives, giving a speech on the National Wireless Initiative at Northern Michigan University. On Tuesday, President Obama and Vice President Biden held a [...]
