Financial Regulatory Reform: A New Foundation – 89 pages – includes Introduction – Summary of Recommendations – I. Promote Robust Supervision and Regulation of Financial Firms – II. Establish Comprehensive Regulation of Financial Markets – III. Protect Consumers and Investors from Financial Abuse – IV. Provide the Government with the Tools it Needs to [...]

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1.  TARP Oversight Panel Says Bank Stress Tests Should Be Repeated – By Robert Schmidt – Regulators should continue to conduct stress tests on banks as long as they keep large amounts of illiquid mortgage securities on their books, a group overseeing the U.S. financial bailout said. – Bloomberg
2.  Banks Fleeing TARP Face $5 [...]

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quote of the day  “When the government parks its tanks on capitalism’s lawns, that spells trouble for those who invest, add value and create jobs,” says Tim Price, director of investments at PFP Wealth Management in London. “Trillion-dollar bailouts do not only leave massive public-sector deficits in their wake, they also leave the presence [...]

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Obama’s Power Players: Geithner Faces His Hardest Challenge Yet – Amanda Ruggeri – But it is also his biggest opportunity: to put himself not only in Obama’s inner circle but in the history books.  Read 10 Things You Didn’t Know About Timothy Geithner. – U.S. News & World Report 
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Officials Weigh Having One Mortgage Regulator [...]

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