Tag Archives: barack obama
Hedge fund paid Obama adviser Summers $5.2 million
Reuters – Lawrence Summers, a top economic adviser to U.S. President Barack Obama, was paid about $5.2 million (3.48 million pounds) by hedge fund D.E. Shaw in the past year, financial disclosure forms released by the White House showed on […]
G-20 Nations OK $1.1 Tril. in Emergency Loans
The Ledger – Anxiously assembled at the most perilous moment for the global economy since the Great Depression, the world’s financial powers pledged more than $1 trillion Thursday for emergency loans to combat spreading chaos. But they rebuffed President Barack […]
Obama And Merkel In Agreement Ahead Of G20 – Germany
EasyBourse.com – The U.S. and Germany are going "in the same direction" ahead of next week’s G20 summit, a spokesman for Chancellor Angela Merkel said Friday amid reports of rifts between Europe and the U.S. There are "no points of […]
Obama tries to temper furor over AIG bonuses
Associated Press – President Barack Obama is trying to dampen a fire he once stoked, urging a more tempered response to public furor over bonuses paid to executives of the publicly rescued insurance giant American International Group. Obama is virtually […]
Treasury Swoops to Recoup $165 Million in AIG Bonus Payouts
New York (HedgeCo.Net) – As the national outrage over bonuses paid to AIG execs reaches epic proportions, U.S. Treasury Secretary Timothy Geithner promised the government will recoup the $165 million that was shelled out using bailout money. “We will impose […]
Obama Moves to Block $165M in AIG Bonuses
Newsday – A tough-talking President Barack Obama moved yesterday to block the $165 million in bonuses for American International Group executives that prompted a new wave of outrage at corporate America and taxpayer bailouts. Despite the aggressive approach, it’s unclear […]
Bernanke Says Insurer AIG Operated Like a Hedge Fund
Bloomberg – Federal Reserve Chairman Ben S. Bernanke said American International Group Inc. operated like a hedge fund and having to rescue the insurer made him “more angry” than any other episode during the financial crisis. “If there is a […]
US hedge funds face draconian tax proposals
Hedge Funds Review – US hedge fund managers could be subject to higher personal taxes if changes to the taxation rules included in President Barack Obama’s 2010 budget proposal are adopted. The budget proposal includes measures to treat carried interest […]
Buyout, Hedge-Fund Managers Could Pay $24 Billion More in Taxes
Bloomberg – Executives at buyout, venture-capital and hedge-fund firms will pay an estimated $24 billion more in taxes over nine years if President Barack Obama gets his way. Obama’s 2010 budget proposal, released today, proposes raising taxes on the managers […]
Obama drops “car czar” idea
Reuters – President Barack Obama has decided to launch a government task force for restructuring the struggling U.S. auto industry instead of naming a "car czar" with sweeping powers, a senior administration official said on Sunday. Obama is appointing Treasury […]
Obama’s Stimulus Package Approved by Senate
West Palm Beach (HedgeCo.net) – President Barack Obama’s $838 billion stimulus plan was approved by the U.S. Senate as part of a plan of action the Senate hopes will revive the collapsing US economy. $100 billion is to be alotted […]
Ex-Fed chief says reforms must include hedge funds
Indianapolis Star – Paul Volcker, an adviser to President Barack Obama, urged "fundamental changes and reform of the financial system" that will help the U.S. economy recover from its crisis and promote future growth. The former chairman of the Federal […]
