I attending NYC MBA conference.

Financial Overhaul Section:

good summary chart - Major Parts of the Financial Regulation Overhaul - The Senate on Thursday approved a far-reaching financial regulatory bill, 59 to 39. Democratic Congressional leaders and the Obama administration must now reconcile it with the House bill that was passed in December. - NY Times

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Dodd Offers Last-Minute Derivatives Compromise - Daniel Indiviglio - ... (WAPO) "Under the compromise, the Senate would keep the sweeping provision, but delay its implementation for two years while it's studied and quite likely kill it at the end." ... Of course, this is a politically savvy move. Democrats can now blame the council for the death of the proposal. Sen. Blanche Lincoln (D-AR) can continue to say that she advocated for it and made it a part of the bill ... - The Atlantic

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FINANCIAL REGULATORY REFORM OPPOSED BY HATCH DUE TO FANNIE MAE AND FREDDIE MAC ABSENSE - Erin Smith - Yesterday Senator Orrin Hatch stated his opposition of the financial regulatory reform due to the fact that there is no reform of Fannie Mae and Freddie Mac - News You Search

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Treasury opposes Senate bank capital proposal: official - The Treasury Department is opposed to a provision in the Senate bill that would force the largest banks to set aside billions of dollars in extra capital, a Treasury official said on Wednesday - CNBC

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Other Government Influenced News

What Tim Geithner And Ben Bernanke Can Learn From 19th Century France - Contributed by Jr. Deputy Accountant - ... China must be incredibly proud of the United States, or at a minimum has an incentive to assure it does not fail ... are buying Treasurys again after a 6 month hiatus in which they tried to quietly unload a few (apparently that worked). We'll see how long they keep that up. From September to October 2009, they didn't move. Tricky tricky.  Don't get too giddy, Timmy, the last several months could have been little more than a test run and the Chinese just want to see you sweat. ... - Before It's News

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Greek Crisis Is Latest Excuse for Fed’s 0% Rate: Caroline Baum - Bloomberg

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(De-Levering?) Why Rand Paul's Win Is A Horrible Sign For The Stock Market - Joe Weisenthal - But let's face it: Right now this economy is addicted to free candy from Washington DC. It may not be sustainable, ... but corporate America has loved the stimulus and its shown up in stocks.  But American austerity is coming. ...  whereby the here-and-there bailouts (states, teachers, jobs programs, etc.) will be a lot less forthcoming.  If you want a bailout, you better get it in the next few months. - Money Game at Business Insider

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Geithner says China yuan rise a global issue - Persuading Beijing to let its yuan currency rise in value is not simply an issue for the United States but one that should interest the whole world, Treasury Secretary Timothy Geithner said on Wednesday. - Reuters

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What’s big, risky, and losing billions? - By Edward L. Glaeser - Mortgage giants Fannie Mae and Freddie Mac need to go away — but slowly - Boston Globe

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Home Equity Stunner - has logic gets this conclusion - ... As it currently stands, the average homeowner has about 38% in home equity in his or her house, down from the 60% to 70% range up until the 1990s. .... We then take the new value for homeowners’ equity and divide by the new real estate values and come up with new numbers for the average homeowners’ equity percentage. Currently, if rates were 100 basis points and 200 basis points higher, the average US homeowners’ equity would decline to 31% and 23%, respectively. ... - ... Annaly Salvos

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(Shorebank) A Bad-News Bailout    - The deal to save ShoreBank is Chicago-style politics-as-usual - Thomas Brown  - Allow me to dissent from the general high-fiving going on regarding this last-minute rescue of Chicago’s ShoreBank, and venture the view instead that the bank’s bailout is a travesty. It’s a blatant example of the political class engaging in arm-twisting in order to prop up a failing, but favored, institution. Which is to say, it’s a prime example of how bank regulation is not supposed to work. - Bankstocks.com