JPMorgan Chase & Co Chief Executive Jamie Dimon said President Barack Obama's decision to expand investigations into home lending and sales of mortgage securities could stop settlement talks with the states over foreclosure practices. "It has a pretty good chance of derailing it," Dimon said in a televised interview with CNBC from Davos, Switzerland ...
Federal regulators have charged six former executives -- including former CEOs -- at mortgage giants Fannie Mae and Freddie Mac with securities fraud, alleging they misled investors about their exposure to risky subprime mortgage debt. The Securities and Exchange Commission said it sued three former executives at Fannie Mae and three at Freddie Mac Friday. The civil ...
I have been speaking about rule 1.25 and 1.29. Below is a great article regarding the MF Global Bankruptcy and rules 1.25 and 1.29 Tiny rule change sinks MF Global Laurie R ...
Investment of Customer Funds The CFTC also recently issued an advance notice of proposed rulemaking concerning the investment of customer funds, which was published in the Federal Register on May 22, 2009. The Commodity Exchange Act (”CEAct”) specifies that customer funds related to futures and options traded on a U.S ...
Please spread this around. Send to your Congressman/women as well as Senators WHITE PAPER: Background, Impacts & Solutions to MF Global’s Demise By John L. Roe & James L ...
At the November FOMC meeting, the Fed will likely leave the policy rate unchanged at 1% and will not announce additional easing measures as recent economic data improved. Yet, the focus lies on policymakers' discussion about ways of increasing transparency and tools to boost growth when needed. ...
Some new information was delivered in the September FOMC minutes. First, most policymakers lowered their forecasts for the rest of 2011 and 2012. Yet, recession is not their concerns ...
Convertible Arbitrage Strategy Convertible Arbitrage Strategy Hit Hardest in August Turmoil Many hedge funds are still reeling from last month's market turmoil.? Some strategies were typically hit harder than others during the volatility.? Convertible arbitrage was the strategy punished most in August according to recent data.? Hedge funds were impacted by a severe downward ...
The most critical event this week is definitely the 2-day FOMC meeting on September 20-21. At the Jackson Hole Symposium in August, Fed Chairman Ben Bernanke first signaled that the meeting has been scheduled to 2 days (originally 1day) so that 'a fuller discussion'; on 'a range of tools that could be used to ...
Hedge Funds SEC Registration Hedge Funds $150m+ Will Now Have to Register with SEC Hedge funds with more than $150 million in assets under management will be under the oversight of the Securities and Exchange Commission. The top U.S. financial regulator voted to pass the long-anticipated legislation that brings private equity funds and hedge ...