Finance ministry works overtime to firm up steps to arrest rupee fall

For a while after Reagan’s appearance, the ringing of the bell was either a head of state or a titan of corporate America, such as former CEO of General Electric, Jack Welch. By the late ’90s, twenty-something founders of dot-com companies who take their companies public for billions of dollars were in the spotlight. But the bull market of the 1990s also fundamentally changed who the USA’s investors were and that transformed the public’s perception of the exchange. The growing popularity of mutual funds and 401(k)s meant that the USA’s middle class were investors, not just the wealthiest individuals or corporate pension fund money managers, says Wheeler.

CBI gets ready to fight govt in SC to defend its autonomy

Review and rate a movie on to earn a Movie Buff Badge! Movie Buff The author has posted comments on this article PTI | Aug 10, 2013, 10.42PM IST NEW DELHI: Top finance ministry officials worked overtime on the weekend to firm up additional steps to arrest the sliding value of the rupee and contain the current account deficit (CAD). Continuing the discussions initiated by Finance Minister P Chidambaram yesterday, Economic Affairs Secretary Arvind Mayaram held a meeting of senior officials, including Additional Secretary (Capital Markets) K P Krishnan and top tax officials. Some announcements are likely to be made by the Ministry on Monday, either in Parliament or outside, sources said.

Five Takeaways on Housing-Finance Reform From Obama’s Town Hall

Obama plan to do with the companies? Heres an overview: 1. Well get rid of Fannie and Freddie as they currently exist You cant have an institution in which the government is underwriting and guaranteeing all the mortgage lending thats taking place around the country and big profits are being made by these quasi private institutions, said Mr. Obama.

House finance regulator mulls action on “eminent domain” mortgage seizures

On Wednesday, an investor group filed a federal lawsuit against the northern California city in a bid to stop the plan. The lawsuit was filed in a northern California court by mortgage bond trustees Wells Fargo and Deutsche Bank on behalf of an investor group that includes Pacific Investment Management Co, or PIMCO, BlackRock Inc and DoubleLine Capital LP. The use of eminent domain powers to restructure distressed mortgages has been debated by communities for more than a year and has been controversial with Wall Street banks and bond investors from the start. Alfred Pollard, FHFA’s general counsel, said in a memorandum posted on the agency’s website on Thursday that the uncertainty surrounding the use of eminent domain raises several issues, including its possible impact on the mortgage market and potential losses that Fannie Mae and Freddie Ma could incur.


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