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Saturday, November 21, 
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Entries tagged "Dodd"

International issues may cloud finance reform

Creation of a resolution regime is complicated by international issue, the Fed's Daniel Tarullo says.


Dodd plan a bid for re-election?

Sen. Chris Dodd, D-Conn., has broke with the White House over financial reform with a proposal to create an uber-regulator independent of the Federal Reserve.


Schiff latest financier to run for Senate

The midterm elections are 14 months away, so it is time for candidates to come out of the woodwork, including financiers such as Peter Schiff, who is gunning for Sen. Chris Dodd's seat.


Kennedy's death could shuffle Banking Committee

The death of Sen. Ted Kennedy could set off a scramble among Democrats over who will lead the Senate Banking Committee assuming Sen. Chris Dodd leaves.


Grassley to AIG: Drop dead

Sen. Charles Grassley, R-Iowa, angry over AIG's issuance of bonuses, said the executives should resign or kill themselves.


Dodd schedules Schapiro's confirmation hearing

Senate Banking Committee Chairman Christopher Dodd (pictured) is wasting no time in moving President-elect Barack Obama's financial services nominees ahead for confirmation. On Wednesday Dodd scheduled a hearing for Jan. 15 to review key economic policy nominees including Mary Schapiro, who is expected to head the Securities and Exchange Commission. ...


Confirmation of TARP watchdog snagged

Senate confirmation of Neil Barofsky to be special inspector general of the Troubled Asset Relief Program is being delayed by resistance from at least one Republican senator. Senate Banking Committee Chairman Chris Dodd, D-Conn., revealed Friday that a "hold" has been placed on  Barofsky's confirmation by at least one senator. Senate rules allow any individual to block a vote on confirmation to a federal post for any reason. The identity of the lawmaker placing the hold is not made public, although it sometimes leaks out or is revealed by the senator placing the hold. Dodd did say that all Democratic...


Schumer calls for Treasury to approve banking M&A

The current 110th Congress may be a lame-duck session, but rhetoric out of it by key lawmakers is putting Wall Street on notice about what's in store next year. At a Senate Banking, Housing and Urban Affairs Committee hearing Thursday, Sens. Charles Schumer, D-N.Y., and Chris Dodd, D-Conn., delivered some clear warnings to financial firms receiving bailout money....


Dodd questions Treasury's bailout execution

As the markets continue to struggle, Senate Banking Committee Chairman Christopher Dodd (pictured) and other lawmakers are beginning to question how the Treasury Department is using the $700 billion Congress gave it to stabilize the market. So far, $250 billion of the capital has been allocated for government purchases of large minority stakes in large and small commercial and investment banks. The next $100 billion is scheduled for government acquisitions of mortgage-backed securities, the asset that lawmakers and Treasury initially expected the funds would be spent on. But will it go there? ...


House GOP stymie bailout plan

Senate Majority Leader Harry Reid, D-Nev., Friday morning sought to shore up support for a $700 billion Wall Street bailout plan after new House GOP members continued to raise concerns about it. ...


Markets, Dems react to McCain's comments?

Did Sen. John McCain's scaremongering send the markets into negative territory Wednesday?  No sooner had the Republican presidential candidate announce he was suspending his campaign and requesting that Friday's presidential debate be postponed, than the market started tanking. ...


Mark your calendars for Congressional hearings

To get a handle on events they have only been able to see from the sidelines, Capitol Hill lawmakers are filling in their calendar with hearings examining the actions taken by Treasury Secretary Henry Paulson to combat the meltdown on Wall Street. Senate Banking Committee Chairman Christopher Dodd was forced to cancel Sept. 16 and 18 hearings on the bailout of Fannie Mae and Freddie Mac and the state of the commercial banking industry because his primary witnesses were, um, tied up trying to stem further collapse of the capital markets. Now, he'll try to tackle the whole mess in...



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Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


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Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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