Remember that time in 2020, when the pandemic was just beginning and its dangers were not yet widely appreciated? That was when a group of United States Senators received closed-door briefings on the imminent crisis presented by COVID-19. What did these senators do right after their secret briefings? Alert the mostly unsuspecting public? Nope. They… Read More >>
GAO Wants to Break Down Regulatory Silos
The budget watchdog for the federal government, the General Accounting Office (GAO) wants the Congress and the President to clarify the morass of federal regulators overseeing U.S. financial markets, particularly the interactions between the Federal Reserve and the Office of Financial Research (OFR). A report on regulators was part of a larger GAO report on… Read More >>
Obama Urges Total Repeal of Dodd-Frank
President Barack “Hussein” Obama II has had second thoughts about the Dodd-Frank Act and is now willing to entirely repeal the so-called reform legislation much to the glee of Republicans everywhere. “To hell with it,” Obama said in a candid moment during an exclusive interview with FTF News. “I didn’t know it was going to… Read More >>
Obama Announces Nominee for SIPC Chairman
Lawyer John E. Mendez has been nominated by President Barack Obama to serve as the chairman of the board of the Securities Investor Protection Corp. (SIPC), replacing Sharon Bowen, acting chair who stepped down in June, officials say. Mendez, a partner practicing in the New York and Los Angeles offices of Latham & Watkins, will… Read More >>
Eric Cantor Lands Job at Moelis & $800K
Former House Majority Leader Eric Cantor has joined boutique investment bank Moelis & Co. as a vice chairman and member of the board, and will receive an $800,000 windfall, according to a filing with the SEC. Cantor will receive a base salary of $400,000 and an initial cash payment of $400,000, along with $1 million… Read More >>
