Items Tagged with 'Wall Street'


Bloomberg blog: Fannie, Freddie headed for trouble

Washington versus Wall Street war continues
Washington is all talk and no action when it comes to Fannie Mae and Freddie Mac. The result of this inaction could be leading both companies to their graves unless something is acted on soon, at least according to this Bloomberg blog.
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Not-so-close call: Bankers face stricter pay rules

Wall Street bankers get new boot heel to neck
Small, work-from-home loan originators at some credit unions dodged the latest regulatory attempt to force them them to open offices. Wall Street bankers, however, aren’t as lucky. At least not when it comes to their $$$.
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Financial purge: Big bank stocks plunge

Dramatic crash in oil prices to blame
The DOW is not looking good as financial names took a big hit Thursday. Reeling off a 400-point loss, oil prices dropped below $27 a barrel for the second time in recent weeks. It settled at $26.21, the lowest point since 2003.
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Bernie Sanders targets Goldman Sachs, Wall Street in latest campaign ad

"Our economy works for Wall Street because it’s rigged by Wall Street"
With the race for the White House heating up, Democratic Presidential hopeful Sen. Bernie Sanders, I-VT, dropped a new campaign ad over the weekend that again paints Sanders squarely as Wall Street’s archenemy, and takes direct aim at the Wall Street bank that’s seemingly dominated the headlines of this election cycle – Goldman Sachs.
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Monday Morning Cup of Coffee: Fannie, Freddie crystal ball just got cloudier

Plus, is it time to buy the big banks?
There is a lot of debate surrounding the future or lack thereof of Fannie Mae and Freddie Mac, with opinions coming from the White House, Congress, trade groups, just to name a few. But predicting the future of the GSEs just got a little harder. Plus, is it time to buy the country's biggest banks? All that, and more, in your Monday Morning Cup of Coffee.
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New York Gov. Andrew Cuomo chooses Maria Vullo to lead NYDFS

Former Cuomo staffer will serve as New York’s top financial regulator
New York Gov. Andrew Cuomo announced Thursday that his office nominated Maria Vullo to serve as the superintendent of the New York Department of Financial Services, ending a tumultuous period that saw rumors of tension between the governor’s office and the NYDFS surrounding the departure of Anthony Albanese as acting superintendent of New York’s top financial regulator.
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Monday Morning Cup of Coffee: Was TRID worth it to homebuyers?

Questioning Fed policy, investing in LA property and a really filthy house
All that for nothing? A story in the Boston Herald on Sunday examines whether homeowners are using the new Loan Estimate — mandated in the CFPB's TILA-RESPA Integrated Disclosure rule beginning last October — to shop around for lenders with the best rate, fees, etc. The story interviewed several mortgage lenders and found no evidence of this kind of comparison shopping.
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How Rep. Scott Garrett’s anti-gay views are splintering Wall Street

Bloomberg digs deep on influential member of Committee on Financial Services
Rep. Scott Garrett, R-N.J., holds undeniable influence on the country’s financial system, and especially the country’s housing financial system. But Garrett’s personal views on the Republican Party’s support of gay candidates place him at the center of a storm that’s currently ripping apart both his party and Wall Street as well.
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Dick Bove: Bernie Sanders' Wall Street reform plans are uninformed, ridiculous

Sanders' view of banking 'simply does not square with reality'
Recently, Sen. Bernie Sanders unveiled his plans for completely reforming several significant tenets of the country’s financial system. While many celebrated Sanders’ plans, one financial observer says Sanders’ view of the country’s financial system “simply does not square with reality.”
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Bernie Sanders unveils foundation-shattering Wall Street reform plans

Vows to break up Wall Street’s biggest banks; sweeping reform of credit ratings agencies
It’s not exactly a stretch to say that Sen. Bernie Sanders is not the biggest fan of Wall Street. In a wide-ranging speech on Wall Street and the economy given Tuesday, Sanders detailed just how different life would be for the “too big to fail” banks under a Sanders administration. In fact, there would be no life for the “too big to fail” banks if Sanders is elected president, only death.
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