Can Obama Really Reform Wall Street?

What Will ELECTION RESULTS mean for Wall Street?

2010-11-03T16:28:00.000-07:00

The election results have obviously given the Republicans a lot more clout. According to the following article, Republicans will have oversight of the agencies whose task is to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act. Also, the House takeover and the GOP's strengthened position in the Senate will also give the party greater influence over the direction and

Dodd-Frank: Gray Areas In Commodities Futures Trading?

2010-11-01T13:39:00.000-07:00

There are still some very gray areas about what the Dodd-Frank Wall Street Reform Bill requires with reference to Commodities Futures Trading. According to the following article, the Commissioners voted to immediately begin requirements for daily reporting of swaps about a certain threshold by exchanges and market participants to determine position limits. It may still be some time before those

Could All Money Transfers Face Anti-terrorism Scrutiny?

2010-09-28T15:50:00.000-07:00

The Obama administration wants to require U.S. banks to report all electronic money transfers into and out of the country.It gets to the point where maybe it's all too much. Does it mean that if you're making a money transfer to a family member they will scrutinize it? Is it really necessary to put everyone under the microscope in order to possibly ferret out a few bad guys? Won't they just find

Are Insurers Looking For Loopholes in Health Care Reform?

2010-09-24T13:37:00.000-07:00

Isn't it typical that the big insurers that Health Care Reform is trying to protect the public from are trying to figure out ways to get around the bill? According to the following article, it appears that a number of major insurance companies are planning to stop offering 'children-only' plans. Does this mean they would bypass the clause to protect kids under 19 with pre-existing conditions?

Will Elizabeth Warren Be Wall Street Consumer Watchdog?

2010-09-14T14:50:00.000-07:00

Will Elizabeth Warren fill the post for Wall Street Consumer Watchdog? According to the following article,Warren has served as chairwoman of the Congressional Oversight Panel, a watchdog group for the financial bailout program. She has been championed by many left-wing Democrats, who see her outspokenness, intellect and sarcastic sense of humor a perfect fit to police Wall Street's shenanigans.

Additional $1 Billion to Stabilize Neighborhoods Hard-Hit by Foreclosure

2010-09-13T08:37:00.000-07:00

In addition to the original funding, the U.S. Housing and Urban Development Secretary Shaun Donovan awarded an additional $1 billion in funding to all states along with a number of counties and local communities struggling to reverse the effects of the foreclosure crisis. Let's hope that this works for those people who are still struggling. . . . June --------------------------- Obama

Financial Reform and Transparency in Hedge Fund Management

2010-09-11T13:31:00.000-07:00

According to the article below, the Dodd-Frank Act seeks to restore trust and establish a sound regulatory framework for the financial services marketplace. It contains numerous components aimed at more transparency through the disclosure of relevant information and awareness of risk. Lets hope that it works that way. . . . June -------------------- Press Release - Financial Reform

Yes, Wall Street NEEDS To Change! Is It Pure Greed?

2010-09-09T14:06:00.000-07:00

It's refreshing to hear someone who's NOT blaming President Obama for every little thing. I've gotten so used to hearing this constant criticism that this article clearly jumped out at me. It's not as though Obama made all these decisions in a bubble. He had a team of apparently knowledgeable people helping him to decide what might possibly stop the country from going into total financial

Federal Regulators Have Authority To Declare Wall Street Managers Compensation “Excessive.”

2010-09-05T13:07:00.000-07:00

According to the article below, money managers and other financial firms will be required to disclose incentive-based compensation arrangements to federal regulators. The new law mandates that regulations be instituted to ban incentive-based compensation arrangements that encourage inappropriate risks. That seems to be pretty broad and could be open to interpretation. This is such a widely-used

Obama Calls For A Growing Thriving Middle Class!

2010-09-04T17:15:00.000-07:00

President Obama calls for Americans to recommit to time-honored values, to heal the economy with a healthy stock market, bustling main street and a growing thriving middle class. This as opposed to the past Wall Street practices at the expense of working Americans, who were fighting harder and harder just to stay afloat.… . . . June ----------------- Obama's call for help Abby Phillip -

Someone Passed All This Legislation! Wasn't It President Obama?

2010-08-29T21:48:00.000-07:00

The article below reflects very much how I feel about President Obama's accomplishments since taking office. He may not have accomplished everything on everyone's to-do list, but he certainly has tried. And he has indeed done more than any president in memory in a very short time. Below is a list of actual accomplishments. It's pretty impressive! . . . June Too much irrational thinking

Hindenburg Omen Tripped. Does this mean Stock Market Crash?

2010-08-25T13:45:00.000-07:00

This is my first taste of the Hindenburg Omen. According to the article below, it's a technical indicator which foreshadows a stock market crash. Whether it works in actual fact, I think I'm very tempted to be out of the market for the moment. . . . June -------------------------------- Yes Folks, Hindenburg Omen Tripped Again - MarketBeat - WSJ "By Steven Russolillo The Hindenburg Omen

Fees Levied On The Mortgage Industry Could Cost You More

2010-08-24T18:56:00.000-07:00

According to the article below, the government may levy fees on the mortgage industry which will likely be passed along to the borrower in return for federal backing of mortgage loans. Sounds like business as usual. ... June ------------------------------ Reform of Fannie and Freddie Could Translate to Higher Costs For Borrowers By Michael Kraus on August 24, 2010