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

Obama warns of deja-vu crises without financial system reform

Senate Republicans are united in opposing an overhaul. The president says it has to happen.,CHARLESTON, W.Va. - ,what is Federal prosecutors plan to move forward with a case against a former Charleston financial adviser, after a plea bargain in the case fell apart. Knox Harwell Fuqua, 50, had apparently agreed to plead guilty to misappropriating $60...,April 16 (Bloomberg) - ,what is 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.,Democratic leaders said they want to put financial regulation legislation to its first Senate test vote next week as Republican leaders on Thursday tried to unify their members against the bill in hopes of winning further concessions.,Republican senators sign a letter stating they are they are "united in our opposition" to the financial regulation overhaul but don't promise to block it.,Financial Times,DEAR SAVVY SENIOR: I've been taking care of my elderly mother for nearly a year now and it's wearing me out both physically and financially. Is there any way I could get paid to be her caregiver?,You know the old saying about "a fool and his money"? Well, it may be old, but it's still true.,Thursday: President Obama speaks at a Democratic National Committee fundraiser at the Arsht Center for the Performing Arts in Miami. (AP Photo)Penny stocks 2010

Reid moves up start of financial overhaul debate

WASHINGTON - ,what is Unwilling to negotiate further, Democratic leaders said Thursday they want to move forward on financial regulation legislation next week even as Republican leaders tried to unify their members against the bill in hopes of winning further concessions.,Financial shares dragged the stock market lower Friday after federal regulators accused investment bank Goldman Sachs

Kimberly schools to pursue levy, declare financial emergency

KIMBERLY On the same night it joined the statewide declarationof financial emergency for public schools, the Kimberly SchoolDistrict decided to seek voter approval for a supplementallevy.,Accusations that Goldman Sachs defrauded customers who bought investments tied to risky mortgages have only just begun to reverberate in the financial world.,It appears the White House will have to search elsewhere for Republican senators willing to support their financial reform bill, which the Senate is expected to take up next week.,HAMILTON First Financial Banks President and CEO Claude Davis took a 27 percent pay cut last year, despite record earnings thanks to the U.S. Treasurys Troubled Asset Relief Program.As part of the TARP program, banks were not allowed to pay top executives bonuses, retention awards or incentive compensation, as was the case with Davis, the company said in its annual proxy statement posted to ...,Unwilling to negotiate further, Democratic leaders said Thursday they want to move forward on financial regulation legislation next week even as Republican leaders tried to unify their members against the bill in hopes of winning further concessions.,FILER Slashed state public school funding due to a saggingeconomy forced Filer School District to join the statewidedeclaration of financial emergency on Wednesday night.,WASHINGTON (AP) President Barack Obama vowed Friday to veto a financial overhaul bill that doesnt regulate the eclectic derivatives market, even as Senate Republicans lined up en masse against it.,Santa Cruz County Sheriff's detectives said that Thursday's murder-suicide on Hutchinson Road was motivated by a financial dispute and a lawsuit between the two men.,NEW YORK When youre done with your tax return, your first instinct may be to stash it in a drawer and put it out of your mind until next year. That would be a mistake.,Financial shares dragged the stock market lower Friday as investors worried that the government's mortgage-related fraud charges against Goldman Sachs

Financial workshop for women

Sparta Taking Control: A Financial Management Workshop for Women will be presented on Thursday, April 22, from 5:30 to 8:30 p.m., at the Lake Mohawk Country Club at 21 The Boardwalk in Sparta.,Sussex County The week of April 16 to 22 is the sixth annual Money$mart Week in Sussex County. Residents will have an opportunity to increase their financial knowledge by attending presentations given by area financial professionals. The sessions are commercial-free and will be offered at the Sussex County Administrative Center in Newton, Sussex County libraries in Vernon, Sussex-Wantage and ...,Josh Robison's world revolves around two places. There's his home in Villa Park, where he lives with his parents and two dogs. And there's his day program, where he gets a tiny taste of the independence most 31-year-olds take for granted.,Sparta Taking Control: A Financial Management Workshop for Women will be presented on Thursday, April 22, from 5:30 to 8:30 p.m., at the Lake Mohawk Country Club at 21 The Boardwalk in Sparta.,The U.S. is destined to endure a new economic crisis that sticks taxpayers with the bill unless Congress tightens oversight...,BERNARDSVILLE Non-profits that sponsor future special events on municipal property, such as Unity Day, may be required to turn in added financial data if its sought by the Borough Council.,NEW YORK ,what is A murky financial product created and sold by Goldman Sachs helped a Wall Street hedge fund pocket huge profits from the housing crash at the expense of unwitting investors, the Securities and Exchange Commission has alleged.,The U.S. is destined to endure a new economic crisis that sticks taxpayers with the bill unless Congress tightens oversight...,I have to say that Im impressed with the people who do the financial reporting in this crazy industry. Out of humility, they often demur: "Oh, clean energy is just like anything else; you just have to do your homework". A modest response, to be sure, but Im not so sure it's accurate.,Sen. Mitch McConnell and 40 other GOP Senators sent a letter to Sen. Harry Reid detailing their opposition to the current financial reform bill. Washington (CNN) ,what is As Democrats prepare to bring the contentious issue of financial reform to the Senate floor next week, Republicans say they have enough votes to block the proposed financial [...]Penny stocks

Debate over financial overhaul intensifies in Senate

"Big bank bailouts! Big bank bailouts!" So goes the refrain for Republican leaders this week, whose escalating attacks on a proposed overhaul of the financial regulatory system center on charges that the legislation perpetuates taxpayer-funded rescues of big Wall Street firms. Democrats have rema...,Republican Challenger Out-Raises Endangered Incumbent in First Three Months of 2010 Republican candidate Andy Harris has cut into Democratic Rep. Frank Kratovil's financial advantage in the most closely watched congressional contest in Maryland, new financial disclosure reports show.,Barack Obama has vowed to veto any financial overhaul bill that does not regulate the derivatives market.,US President Barack Obama has vowed to veto any financial overhaul bill that does not regulate the eclectic derivatives market, even as Senate Republicans lined up against it.,WASHINGTON (AP) President Barack Obama vowed Friday to veto a financial overhaul bill that doesnt regulate the eclectic derivatives market, even as Senate Republicans lined up en masse against it.,Washington - ,what is President Barack Obama says he'll veto a financial overhaul bill that doesn't regulate the derivatives market.,A financial reprieve for the San Dieguito River Park became muchless likely this week when San Diego Mayor Jerry Sanders told agroup of North County mayors that his cash-strapped city can'tafford to restore its annual $250,000 contribution to the park.,Sussex County The week of April 16 to 22 is the sixth annual Money$mart Week in Sussex County. Residents will have an opportunity to increase their financial knowledge by attending presentations given by area financial professionals. The sessions are commercial-free and will be offered at the Sussex County Administrative Center in Newton, Sussex County libraries in Vernon, Sussex-Wantage and ...,For Goldman Sachs , it was a relatively small transaction. But for the bank, and the rest of Wall Street, the stakes couldnt be higher. Accusations that Goldman defrauded customers who bought investments tied to risky subprime mortgages have only begun to reverberate through the financial world, The New York Timess Louise Story and Gretchen Morgenson report .,BERNARDSVILLE Non-profits that sponsor future special events on municipal property, such as Unity Day, may be required to turn in added financial data if its sought by the Borough Council.Desktop stock ticker

Obama says need for financial reform urgent

President Barack Obama says the financial crisis that triggered the recession could have been avoided if Wall Street firms were more accountable, and their dealings more transparent.,The year 2009 brought a financial downturn unexpected in its severity to the Town of Telluride. With major sources of revenues plummeting, the town made deep cuts to its budget sawing away nearly $5 million in infrastructure projects, grants, services and even eight employees.,Financial shares dragged the stock market lower Friday as investors worried that the government's mortgage-related fraud...,Cascade Financial Corp. plans to sell almost 400 parcels of land in King and Snohomish counties, part of a strategy to reduce its exposure to bad real estate deals, officials said Wednesday.,Cascade Financial Corp. plans to sell almost 400 parcels of land in King and Snohomish counties, part of a strategy to reduce its exposure to bad real estate deals, officials said Wednesday.,Cascade Financial Corp. plans to sell almost 400 parcels of land in King and Snohomish counties, part of a strategy to reduce its exposure to bad real estate deals, officials said Wednesday.,Financial shares led the stock market sharply lower Friday after federal regulators filed civil fraud charges against Goldman Sachs over its dealings in subprime mortgages.,Cascade Financial Corp. plans to sell almost 400 parcels of land in King and Snohomish counties, part of a strategy to reduce its exposure to bad real estate deals, officials said Wednesday.,"Big bank bailouts! Big bank bailouts!" So goes the refrain for Republican leaders this week, whose escalating attacks on a proposed overhaul of the financial regulatory system center on charges that the legislation perpetuates taxpayer-funded rescues of big Wall Street firms. Democrats have rema...best Penny stocks