Top Interest Rate Headlines 02-22-2012: Obama Introduces Plan To Cut Corporate Tax Rate

Obama Introduces Plan to Cut Corporate Tax Rate
The New York Times
President Obama asked Congress on Wednesday to scrub the corporate tax code of dozens of loopholes and subsidies to reduce the top rate to 28 percent, from 35 percent, while giving preferences to manufacturers that would set their maximum effective rate at 25 percent.
http://jlne.ws/ysTns8

Should Mortgage Rates Even Be Lower?
WSJ.com
Mortgage rates are the lowest on record. But by a key historical measure, they should be even lower. Over the past year, a wide gap ripped open between the mortgage rates house hunters see and a benchmark interest rate investors demand to buy bonds backed by home loans.
http://jlne.ws/xNqvl7

THE PRESIDENT’S FRAMEWORK FOR BUSINESS TAX REFORM
http://jlne.ws/xx4nSv

New NFA members take aggressive approach
FuturesMag.com
A point that is often missed in the coverage of MF Global is that this is a crime in progress and not merely a bad thing that happened that has to be cleared up. Every day that customers are not made whole the crime becomes worse and damage to the industry accrues.
http://jlne.ws/zSpiNJ

Greek Parliament to discuss austerity, bond swap deal as unions plan protest rally
The Washington Post With Bloomberg
A new €130 billion ($172 billion) bailout deal “binds Greece to euro” and will shield the country from default, the finance minister said Wednesday. Evangelos Venizelos made the remarks after the government conceded a new round of austerity measures will deepen the recession and cause the country to miss its target of generating a primary budget surplus in 2012.
http://jlne.ws/wmdOz3

NFA's Board of Directors elects Christopher Hehmeyer to serve as Chairman
Press Release
February 22, Chicago - The Board of Directors of National Futures Association (NFA) has elected Christopher K. Hehmeyer, Non-Executive Chairman at Penson GHCO, to serve a one-year term as Chairman. The Board also elected Paul J. Georgy, President of Allendale, Inc., to serve as Vice Chairman.
http://jlne.ws/zFdCSJ

CFPB Opens Inquiry Into Overdraft Fee Practices
The Consumer Financial Protection Bureau takes its road show to New York City Wednesday, Feb. 22, to ask bank customers about “their experiences with financial products and services.”
http://jlne.ws/wGpeD1

Jan. Existing Home Sales Rise 4.3% to 4.57M Unit Rate
The Bond Buyer
Existing home sales increased 4.3% in January to a seasonally adjusted 4.57 million-unit rate, after a downwardly revised 4.38 million unit rate in December originally reported as 4.61 million units, the National Association of Realtors announced Wednesday.
http://jlne.ws/A1457A