by Max Frumes | May 5, 2010 | Business & Tech, Science + Technology
WASHINGTON –The Obama administration gave $220 million Tuesday to 15 programs aimed at digitizing health care information around the country while adding more than 1,000 jobs right away. WASHINGTON — During a short White House ceremony, Vice President Joe Biden,...
by Max Frumes | Apr 27, 2010 | Business & Tech
Make sure you don’t get mired in the minutiae like some senators did at the hearing with Goldman Sachs executives on Tuesday. Know the meaning of the terms bandied about by the Goldman whizzes. Abacus – Synthetic CDOs (see entry) betting against the housing market....
by Max Frumes | Apr 27, 2010 | Business & Tech
WASHINGTON — Big banks might have a competitive advantage in capital costs over their smaller competitors under the proposed financial reform bill that would designate the big banks as “systemically important,” but the advantage would be slight,...
by Max Frumes | Apr 23, 2010 | Topics
WASHINGTON — Kevin McLaughlin had been saying it for years: The Securities and Exchange Commission, the nation’s guardian of stock markets, botched a potential investigation into opaque financial dealings that cost small investors millions of dollars. Now an internal...
by Max Frumes | Apr 20, 2010 | Business & Tech
WASHINGTON – Two key financial regulatory agencies told lawmakers Tuesday that they are seeking out for destruction any legal or accounting loopholes that would allow financial institutions to use the same method Lehman Brothers did in making its balance sheet look...
