politics

Fed’s balance sheet shrinks slightly (Reuters)

Reuters - The U.S. Federal Reserve's balance sheet shrank slightly in the latest week on a small dip in its holdings of agency mortgage-backed securities, Fed data released on Thursday showed.

Wall Street Waits as SEC Fails to Bring Madoff-Inspired Reforms (Bloomberg)

Bloomberg - Dec. 30 (Bloomberg) -- Mary Schapiro, chairman of the U.S. Securities and Exchange Commission, said she wanted to show that her agency was cracking down after missing Bernard Madoff’s $65 billion Ponzi scheme. In May, she proposed that almost 10,000 money managers undergo surprise inspections to make sure they weren’t ripping off clients.

Obama nominates Theordore Tozer to head Ginnie Mae (Reuters)

Reuters - President Barack Obama nominated Theodore Tozer to be President of the Government National Mortgage Association, or Ginnie Mae, the White House said on Monday.

Congress OKs bill to boost SEC, fund agencies (Reuters)

The U.S. Capitol building is seen before the start of President Barack Obama's primetime address to a joint session of the U.S. Senate and House of Representatives on Capitol Hill in Washington, February 24, 2009. REUTERS/Jim YoungReuters - A $447 billion bill that would boost financial oversight and high-speed rail, encourage needle exchanges for drug addicts, and advance other Democratic priorities won final U.S. congressional approval on Sunday.


Obama creates task force to fight financial crime (Reuters)

President Barack Obama (2nd R) attends a State Dinner Reception with China's National People's Congress Chairman Wu Bangguo (L) and Chinese President Hu Jintao (2nd L) at the Great Hall of the People in Beijing, November 17, 2009. REUTERS/Jim YoungReuters - The Obama administration created a new task force on Tuesday to crack down on financial fraud, an increasingly important political issue after a spike in mortgage scams and big Wall Street trading scandals.


AP sources: Probers eye census worker’s insurance (AP)

AP - Investigators trying to solve the mystery of a census taker found hanging from a tree with the word "fed" scrawled on his chest are examining whether he manipulated the scene in order to conceal a suicide and make a life insurance claim possible for his son, law enforcement officials told The Associated Press.

VA sec’y promises timely response to war illness (AP)

AP - Veterans Secretary Eric Shinseki says he's working to improve the agency's ability to cope with increasing numbers of troops returning from Iraq and Afghanistan with mental health problems.

SEC Whistleblowers May Get Rewards Under Senate Plan (Bloomberg)

Bloomberg - Nov. 10 (Bloomberg) -- Securities and Exchange Commission employees would get $50,000 awards for snitching on each other, under Senate Banking Committee Chairman Christopher Dodd’s proposed legislation to overhaul financial regulation.

House Panel Moves to Tighten Regulation of Credit Rating Agencies (CQPolitics.com)

CQPolitics.com - Legislation that would require the Securities and Exchange Commission (SEC) to beef up regulation of credit rating firms, which are under fire for their role in last year's implosion of the financial markets, was approved Wednesday by a House committee.

Frank Vows to Address SEC Concerns on Derivatives Regulation (CQPolitics.com)

CQPolitics.com - House Financial Services Chairman Barney Frank, D-Mass., opened the door Wednesday to revising his draft legislation, which aims to regulate the massive derivatives market, to address concerns that some of the complex products could fall through the cracks.