Bove: Fannie, Freddie Shutdown Would Have ‘Colossal’ Fallout
Fixed-rate 20- and 30-year mortgages would all but disappear without Fannie and Freddie, the bank expert says.
New Hire Roundup: Carasso Joins Senate Finance Committee Staff
Among this week's new hires, Adam Carasso joined the Senate Finance staff, and the IPA welcomed a new chairman and six new board members.
Paulson: Ben Bernanke a ‘Hero’
Former Treasury secretary regrets not being able to better communicate the need for a Wall Street rescue.
5 Years After Lehman Crash: ‘Dark Times’ Ahead
Janet Tavakoli and other commentators talk of violated American principles, the death of capitalism and “dark times for the future of the republic.”
FINRA Beefs Up MBS Transparency
FINRA announced Monday that its Trade Reporting and Compliance Engine will now provide increased transparency in mortgage-backed securities issued by Fannie Mae, Freddie Mac, Ginnie Mae and in securities backed by SBA-guaranteed loans.
Bernanke Signals Flexibility on Tapering
Fed Chairman Ben Bernanke told lawmakers Wednesday that if the economy falls short of expectations, the Fed could change its tapering plans and even “potentially increase purchases for a time.”
Barney Frank Defends Dodd-Frank at TDAI Elite Advisor Summit
The legendary curmudgeon and bane of political opponents was well-received by the advisors in attendance.
4 Ways to Repeat the Mortgage Mess: Peter Wallison
Peter Wallison decries Washington's latest “fix” to prevent another repeat of the housing market collapse.
New Hire Roundup: Former COO Nides Returns to Morgan Stanley
This week in new hires, Tom Nides rejoined Morgan Stanley, Rob Brown went to United Capital and Vanguard announced several investment management changes.
Ketchum’s Big SRO Omission
Richard Ketchum, CEO of FINRA, omitted a crucial detail in a recent interview he gave.