Apr 18, 2010

Bank Reform; Financial Reform Legislation Compromise Pushed by Obama and the White House

Given unrelenting Republican opposition, Obama administration officials urged Senate Democrats to drop a $50 billion fund for dismantling "too big to fail" banks from the financial reform legislation. . . .,Hana Financial Group Inc., South Koreas fourth-biggest financial company, turned to profit in the first quarter from a year earlier as lending margins widened and provisions for bad loans declined.,Obama says he'll veto financial reform legislation that does not control derivatives market.,The Big Short, by Michael Lewis, and The End of Wall Street, by Roger Lowenstein, offer a backstage view of the financial crisis.,A group of Tippecanoe School Corporation (TSC) parents formed a financial committee and put together budget recommendations to save teachers and specials programs.,Financial shares tumbled after the SEC charged Goldman Sachs Group Inc. with fraud related to packaging and selling collateralized debt obligations linked to subprime mortgages,The Investment Funds Institute of Canada continues to voice its concerns around the Canadian retirement savings system, calling for policymakers to facilitate the creation of more employer-sponsored retirement plans, and to recognize the value of financial advice.,Financial shares dragged the stock market lower Friday as investors worried that the government's mortgage-related fraud charges against Goldman Sachs

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