Articles Tagged with ''President Obama''

Obama includes handful of bank fraud pardons in major clemency sweep

And it’s not over yet
During his time in office, President Obama has made it a priority to exercise his clemency authority, granting clemency to significantly more individuals than any other president. This time around, in an unusual move, President Obama included a handful of people convicted of financial crimes in his major clemency sweep.
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Sen. Warren calls for Obama to oust SEC chair

"The only way to return the SEC to its intended purpose is to change its leadership"
In the eyes of Sen. Elizabeth Warren, D-Mass, the chair of the Securities and Exchange Commission does not do nearly enough to prevent the “flood” of money flowing from corporations into the election process and repeatedly “undermined” the SEC’s mission to protect investors, and therefore needs to replaced immediately.
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Could HUD Secretary Julián Castro become president after the SOTU address?

The State of the Union 'designated survivor'
There is a chance that tomorrow Secretary of the Department of Housing and Urban Development Julián Castro could be the president of the United States of America. While we hope the chances of this happening are incredibly slim (considering the doomsday scenario that would precipitate it) millions of Americans are desperately clinging to a one in 292.2 million chance that they could score the Powerball jackpot, so anything is possible.
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It's official: Obama signs bill limiting Fannie, Freddie CEO pay

Bill received unanimous support in House, Senate
In what has become a complete and total rebuke of an effort put forth by Federal Housing Finance Agency Director Mel Watt to award $3 million raises to the CEOs of Fannie Mae and Freddie Mac, President Obama signed into a law a bill that caps the salaries of Fannie Mae CEO Timothy Mayopoulos and Freddie Mac CEO Donald Layton.
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Sen. Warren believes Obama’s trade deal could lead to Dodd-Frank repeals

Fights back against Trans-Pacific Partnership and “fast track” authority
In an uncharacteristic bit of Democratic Party in-fighting, Sen. Elizabeth Warren is loudly fighting back against a massive trade deal being pushed by President Obama because she is worried that one of the trade deal’s provisions could lead to future attacks against the Dodd-Frank Act.
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President Obama: No more housing initiatives

Middle class focus and praise for increased regulation

"We believed that sensible regulations could prevent another crisis, shield families from ruin, and encourage fair competition. Today, we have new tools to stop taxpayer-funded bailouts, and a new consumer watchdog to protect us from predatory lending and abusive credit card practices."

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Is Obama even going to talk about housing reform tonight?

Don't get your hopes up ...
Whenever President Obama gives a major speech – such as tonight’s State of the Union address – housing analysts wonder if this will be the year when the president finally puts housing and mortgage finance issues center stage, declaring bold and brave new initiatives on the housing front. But don't get your hopes up. It remains one of the more ignored issues of our time.
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