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Will Wall Street Banks be Compelled to Compensate Madoff Investors?
22 hours ago ago from NO QUARTER
Will Congress hit Wall Street banks with a one-time assessment in order to compensate Madoff investors? Why might that happen? Very simply because SIPC (Securities Investor Protection Corporation) was woefully underfunded given the fact that SIPC member-firms, including all the large Wall Street banks, paid a token $150 (yes, that is not a misprint, a token $150) annual premium from 1996 until April 2009 for SIPC coverage. Each and every ...
Related contentThe two faces of O
13 hours ago ago from JAY\'S INDEX
By CHARLES GASPARINO - DEC 15 2009 - In public, President Obama is on a tear against Wall Street. In private, not so much Over the weekend, Obama attacked fat-cat investment bankers, telling "60 Minutes" he didn't become president to aid and abet Wall Street -- which, only a year after the financial meltdown and taxpayer bailout, is now scheduled to hand out tens of billions of dollars in bonuses to its bankers and traders. But the ...
Related contentObama to meet with bankers, decries fat cats | JackZap - Daily News Articles - UFC, Politics, Celebrity Gossip, Celebrity Oops
12 hours ago ago from JackZap - Daily News Articles - UFC, Politics, Celebrity Gossip, Celebrity Oops
If you're new here, you may want to subscribe to my RSS feed . Thanks for visiting! President Barack Obama may have some tough words on Monday for executives of top U.S. banks as he pushes them to step up small-business lending and get behind legislation to overhaul Wall Street regulations. Aides said that when Obama meets with the heads of firms such as Goldman Sachs, J.P. Morgan Chase & Co and Citigroup Inc, he will call on them to ...
Related contentExecs disinclined to fall in line
1 day ago ago from Deconstructing The News
There's little evidence that major Wall Street firms will change their approach to lobbying on reform. Go to Source
Related contentVideo: Anthony Randazzo Debates John Nichols on Wall Street Reform
21 hours ago ago from Reason Foundation - Out of Control Policy Blog
Here is the video of me debating Wall Street reforms on Al Jazeera's Inside Story :
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Americans Think Federal Reserve Chairman Ben Bernanke Prefers Wall Street Over Main Street
1 day ago ago from Huffington Post
By a better than two-to-one margin, Americans think Federal Reserve Chairman Ben Bernanke puts Wall Street ahead of Main Street, according to a new poll by a liberal advocacy group. The poll numbers come on the eve of a crucial confirmation vote in which senators will decide whether Bernanke should keep his job. Already, at least five Democratic and Republican senators have placed "holds" on his nomination, temporarily blocking it from ...
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