CFTC's Chilton Calls for Curbs on Financial Futures
BY SARAH N. LYNCH, WSJ.com
A regulator at the Commodity Futures Trading Commission called for imposing trading curbs on financial futures such as the Standard & Poor's 500 E-mini, saying they could help prevent a repeat of the May 6 "flash crash."
http://jlne.ws/ax5BOX
European Sovereign Debt Remains Largely a European Problem
By Amalia Estenssoro, Federal Reserve Bank of St. Louis
European sovereign debt concerns took global policymakers by surprise early this year. The markets panicked, fearful of a financial contagion throughout the eurozone.1 The pressure triggered a concerted policy action, culminating in an unprecedented European Union/International Monetary Fund pre-emptive financial aid package worth €750 billion ($975 billion), announced May 9.2 The root source of the debt problem can be traced historically—to quote one of the main conclusions from the recent book by economists Carmen Reinhart and Kenneth Rogoff—to the rapid explosion of sovereign debt experienced by countries following a financial crisis that includes a banking crisis
http://jlne.ws/a4vSqc
Freddie Mac Takes Loan Files From Florida Law Firm
By NICK TIMIRAOS, WSJ.com
Fannie Mae and Freddie Mac have terminated their relationships with a top Florida foreclosure law firm and began taking possession of loan files on Monday afternoon from the firm, which processes evictions on behalf of the mortgage-finance giants.
http://jlne.ws/9VwPm1
Mortgage Modification Failures Push Borrowers Into Foreclosure
By Kathleen M. Howley, Dakin Campbell and Danielle Kucera, Bloomberg
Jill Gray of Mesquite, Texas, said her three-year-old son, Anthony, often tells her before he goes to bed: “I wanna go to the other house.”
http://jlne.ws/cgKjWD
U.S. Public Finance Ratings Stabilizing But Economy Makes Continuation Of Trend Uncertain: S&P
NEW YORK - Rating quality in U.S. public finance appears to be stabilizing, as indicated by the decreasing number of rating changes during the last quarter, according to a report published today on RatingsDirect, titled "U.S. Public Finance Ratings Continue To Stabilize In The Third Quarter Of 2010."
http://jlne.ws/d1i5zR
Sell bonds now, Fed’s QE2 is doomed to fail
By Paul B. Farrell, MarketWatch
Warning, Fed Chairman Ben Bernanke’s foolish gamble to stimulate the economy will backfire, triggering a new double-dip recession. Bernanke is “medding” too much in the economy, say Marc Faber, Bill Gross, Jeremy Grantham, Joseph Stiglitz and others.
http://jlne.ws/bwkJoF
Merkel Says Euro-Area Rules to Be Adopted Will Have `More Bite'
By Tony Czuczka and Mark Deen, Bloomberg
German Finance Minister Wolfgang Schaeuble said the euro’s stability depends on making investors pay for future debt crises, brushing aside warnings that Germany’s demands are hurting Europe’s most indebted countries.
http://jlne.ws/cmtTde
Greek bank Geniki's 9M loss widens on bad debts
Reuters
Geniki Bank (GHBr.AT), majority-owned by France's Societe Generale (SOGN.PA), reported a sharp rise on nine-month losses on Tuesday, as Greece's economic woes caused a jump in bad debts.
http://jlne.ws/dua5YF
CFTC Appoints Former Federal Prosecutor as Enforcement Chief
BY KARA SCANNELL, WSJ.com
WASHINGTON—The Commodity Futures Trading Commission hired a former federal prosecutor to run its enforcement division, raising the agency's profile at a time when its responsibilities are expanding.
http://jlne.ws/9CJOYY
Fed Will Probably Start $500 Billion of Bond Buys, Survey Shows
By Caroline Salas and Alex Tanzi, Bloomberg
The Federal Reserve will probably introduce an unprecedented second round of unconventional monetary easing tomorrow by announcing a plan to buy at least $500 billion of long-term securities, according to economists surveyed by Bloomberg News.
http://jlne.ws/bsAF4z
Tidak ada komentar:
Posting Komentar