Tag Archives: barack obama
‘Black Swan’ Author Taleb Asks Why Bernanke Kept Post
Bloomberg – Nassim Taleb, author of “The Black Swan,” questioned why Federal Reserve Chairman Ben S. Bernanke, and Treasury Secretary Tim Geithner kept their posts after failing to foresee the collapse in global credit markets. Bernanke was appointed to a […]
Mark Gilbert Bernanke Bonus Mustn’t Make Hedge-Fund Guys Blush
Bloomberg – Ben Bernanke’s renomination as Federal Reserve chairman gives him a guaranteed job for four years, precisely the kind of long-term, risk-free tenure that regulators are trying to outlaw elsewhere in finance. President Barack Obama was always going to […]
JPMorgan, Hedge Funds May Lose as Derivatives Proposal Advances
Bloomberg – President Barack Obama sent Congress his plan to rein in the $592 trillion over-the-counter derivatives industry, a measure that would cut into a profitable market for banks led by Goldman Sachs Group Inc. and JPMorgan Chase & Co. […]
Gendell’s New Tontine Hedge Fund Off To Strong Start
Wall Street Journal – Jeffrey Gendell’s new hedge fund returned more than 25% during its first quarter, as bets on energy and a steady economic recovery paid off, according to a letter the manager sent recently to investors. Gendell, who […]
Obama readies stricter rules on financial institutions
Detroit News – President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America’s troubled financial institutions, proposing the most ambitious revision since the Great Depression. The goal is to prevent a […]
Fund Managers Burned by Obama Now Say They Are Wary
Bloomberg – Hedge fund manager George Schultze says he may avoid lending to any more unionized companies after being burned by President Barack Obama in Chrysler LLC’s bankruptcy. Obama put Chrysler under court protection on April 30 after lenders balked […]
Hedge Fund Backed Korean-American for Boston Mayor?
West Palm Beach (HedgeCo.net) – Hedge fund and non-local donors are behind political activist Sam Yoon, candidate for mayor of Boston, according to the Boston Globe. South Korea born, Yoon is already among the most prominent Korean-Americans in elected office, […]
Obama’s barbed words worry corporate world
The Associated Press – Relations between President Barack Obama and U.S. corporate leaders have grown tense in recent weeks, with business groups bristling over his sharp rebukes of lenders and multinational companies in particular. Executives and trade groups that praised […]
Hedge Funds Star in Regulators’ Bondage Dreams
Bloomberg – Regulating hedge funds is one thing. Shackling them is another. It’s difficult to tell which one is the ultimate objective of authorities in the U.S. and Europe as they push for greater oversight of these alternative investment managers. […]
Chrysler Hedge Funds Getting Death Threats
The Business Insider – Barack Obama’s decision to paint the hedge funds in the Chrysler case as anti-American obstructionists is prompting death threats against them. That’s at least what their lead laywer Thomas Lauria is saying, reports The Detroit News. […]
Obama Overthrows Reagan’s Government-Bad Dogma to Rescue Market
Bloomberg – Ronald Reagan used to joke that the nine most terrifying words in the English language were “I’m from the government and I’m here to help.” Barack Obama is making those words welcome. As he approaches his 100th day […]
Obama to prod credit card firms on fee practices
Reuters – President Barack Obama will weigh in on Thursday on the lending practices of U.S. credit card companies, an issue that has triggered an outcry from consumers hit with high fees and interest rates. Obama has joined a push […]
