Tag Archives: obama


U.S. Financial Regulation Overhaul: Side-by-Side Comparison

Bloomberg – President Barack Obama handed the U.S. Congress a road map for an overhaul of financial-services regulation in June, including greater oversight of derivatives and system-wide risks, new ways to wind down failed companies and a consumer agency to […]

$200 Billion Cap On Collapse Fund – Barney Frank

New York (HedgeCo.net) – The fund which the U.S. House Financial Services Committee is setting up to dismantle large insolvent financial institutions will be limited to $200 billion, MarketWatch reported earlier today. “The cap we have is $200 billion,” House […]

Ahead of the Bell: SEC, CFTC to ‘harmonize’ rules

MSN – Two agencies with oversight of the financial markets are trying to coordinate their regulations to eliminate differences involving similar types of investments and instruments. The Securities and Exchange Commission, the government’s primary markets watchdog, and the Commodity Futures […]

U.S. pay czar says he can “claw back” exec compensation

Reuters – Kenneth Feinberg, the Obama administration’s pay czar, said on Sunday he has broad and "binding" authority over executive compensation, including the ability to "claw back" money already paid, and he is weighing how and whether to use that […]

Delphi Favors Bid from Lenders

Private Equity Hub – A group of hedge funds that provided bankruptcy funding to Delphi Corp on Monday won a high-stakes auction to take control of the auto parts supplier, scuttling a rival deal brokered by the Obama administration. Delphi’s […]

Shame on You, Wall Street

Barron – President Obama took credit Wednesday for the recovery in the financial markets while at the same time decrying Wall Street’s profits and the big bonuses that will be paid out as a result. In his prime-time news conference, […]

Obama’s Overhaul Would Register Hedge Funds

Courthouse News Service – President Obama’s plan to overhaul financial regulations, to prevent a repeat of the country’s credit and banking catastrophe, is laid out in a "nearly final" 85-page document the president is expected to reveal today.      Among […]

David Einhorn, still a hedge fund rock star

FierceFinance – David Einhorn, the head of Greenlight Capital, caused quite a stir at the Ira W. Sohn Investment Research Conference last year. He made it known that he was shorting Lehman Brothers, which was trading at $60 at the […]

New FDA Chief Must Divest Several Stock, Fund Holdings

Wall Street Journal – The new commissioner of the Food and Drug Administration is among the wealthiest Obama administration appointees, with income of at least $10 million in 2008 thanks mostly to her husband, a hedge-fund executive, according to financial […]

Hedge funds wary of US govt

Straits Times – Hedge fund executives at the conference said Mr Obama’s deal undercut bankruptcy court rules that have long given priority to secured lenders. The White House move and its combative stance with hedge funds may keep some managers […]

‘Hedge Fund Man’ for next president

Pottstown Mercury – I have seen the future of conservatism and … he is a hedge fund manager. I refer to hedge fund manager Clifford S. Asness, and I’m only halfway kidding. Or maybe I’m not kidding at all. The […]

Bill omits Guantánamo closure funds

Miami Herald – The Obama administration’s bid for $50 million to move prisoners from the Guantánamo Bay detention facility was left out of the Democratic-authored emergency war spending bill unveiled Monday. Defense Secretary Robert Gates had sought the funds in […]

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