ShareThis Lawmakers reworked financial portfolios after talks with Fed, Treasury officials 24 Jun 2012 In January 2008… the subprime mortgage industry was collapsing, and the Dow Jones industrial average had lost more than 2,000 points in less than three months. House Minority Leader John A. Boehner became the Bush administration’s point person on Capitol Hill [...]
Lawmakers Consider Digital Download Tax
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From NBC Connecticut Downloading music, movies, e-books and Apps could soon cost Connecticut residents more as lawmakers consider a tax on digital downloads. The bill, proposed by the General Assembly’s Finance, Review and Bonding Committee, would have consumers pay the 6.35% sales tax on any electronic transfer. Supporters say the bill would level the playing [...]
Anger in Greece as parliament to vote on bailout
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Greek lawmakers will vote this weekend on a controversial austerity bill that Athens needs to avoid a messy default but which is fuelling a domestic political and social crisis that has brought thousands of Greeks out on the streets in protest. The cabinet approved the draft bill late on Friday – paving the way for [...]
Lawmakers Question MF Global Trustee’s Work on Lehman Brokerage
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By Robert Schmidt, Bloomberg.com The trustee liquidating MF Global Holdings Ltd. (MF)’s brokerage came under fire from two Republican lawmakers who said he’s proven too slow at a similar task resolving the broker-dealer of Lehman Brothers Holdings Inc. (LEHMQ) In a Nov. 4 letter to regulators, Representatives Ed Royce and Scott Garrett said they were [...]
Lawmakers Propose Cutting Hurricane Hunters Budget (But Cuts For War Off The Table)
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