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The best way to have a good idea is to have a lot of ideas.
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Author Archives: Daniel Wagner
Gov’t panel: Money market funds need overhaul
A government panel says sweeping changes are needed to prevent money market mutual funds from sparking another financial crisis.
A group led by the Treasury Department said Thursday, October 21, that the funds should face stricter oversight, insure themselves against losses and allow their share prices to change as investments gain or lose value.
The proposed changes are aimed at making money market funds less risky and easier for investors to understand.
Money market funds put clients’ cash to work by investing in short-term debt . . . read more Read More
How financial overhaul stands to affect consumers
If some lawmakers have their way, brokers will have to show they’re serving their customers’ financial interests. Debit cards could be cheaper to use. And homeowners would be less vulnerable to high-cost mortgages. . . . read more Read More
New financial rules might not prevent next crisis
The most sweeping changes to financial rules since the Great Depression might not prevent another crisis.
Experts say the financial regulatory bill approved by the Senate last week, and a similar bill that passed the House, include loopholes and gaps that weaken their impact. Many provisions depend on the effectiveness of regulatory agencies — the same agencies that failed to foresee the last crisis.
A big reason for the bill’s limitations is that banks and industry groups lobbied against rules they felt would reduce their profit-making ability . . . read more Read More
SEC: Exchanges agree in principle to new rules
The leaders for major securities exchanges have agreed in principle to a uniform system of “circuit breakers” that would slow trading during periods of intense market volatility, Federal regulators said Monday.
The heads of the biggest exchanges “agreed on a structural framework, to be refined over the next day,” Securities and Exchange Commission Chairman Mary Schapiro said. . . . read more Read More
