NB Productions  Your guide on the Web since 2000
 
Spread The Word!

Bookmark and Share

 Subscrib 

 Follow nbproductioncom on Twitter

Navigation
· Home
· Advertising
· Archive
· Articles
· AvantGo
· Downloads
· Encyclopedia
· FAQ
· Forums
· Knowledge Base
· Latest News
· Legal
· Reviews
· Search
· Statistics
· Syndicate
· Topics
· Tutorials
· Web Links
Translator
Select Interface Language:

Affiliates

NSA

Referrals 

Windows 7 Home Page

Vista Home Page

Microsoft : Fast Facts

 Microsoft Fix It

 

Livin Low

Daniel D Low Franklin

Livin Low

Music Artist


1· AC / DC
· Cliff Adams
· Tori Amos
· The Beatles
· Chuck Berry
· Bon Jovi
· Kate Bush
· Clannad
· Eric Clapton
10 · Clark Hutchinson
11 · Joe Cocker
12 · The Corrs
13 · The Cranberries
15 · Deep Purple
16 · Diamond Rio
17 · The Doors
18 · Steve Earle
19 · Fleetwood Mac
20 · Free
21 · Peter Gabriel
22 · Rory Gallagher
23 · Genesis
24 · Goo Goo Dolls
25 · David Gray
26 · Guns''n''Roses
27 ·  Alex Harvey Band
28 · Jimi Hendrix
29 · John Lee Hooker
30 · Humble Pie
31 · Michael Jackson
32 · Janis Joplin
33 · Norah Jones
34 · B. B. King
35 · Jerry Lee Lewis
36 · Amanda Marshall
37 · Matchbox 20
38 · Nine below zero
39 · Sin?ad O''Connor
40 · Pink Floyd
41 · Elvis Presley
42 · Carlos Santana
43 · Dan Seals
44 · Steely Dan
45 · Steppenwolf
46 · The Rolling Stones
47 · U2
48 · Uriah Heep
49 · Neil Young
50 · Led Zeppelin
51 · ZZ Top

So, What's In The Financial Reform Bill?
Final Thoughts

Our leaders were up late hashing out a version of the new financial reform bill and yes, apparently they have come to some agreement. But what's in there?

The AP breaks it down, but here are a few highlights:

Oversight: A Financial Services Oversight Council which includes treasury secretary, Federal Reserve chairman, a presidential appointee with insurance expertise, heads of regulatory agencies and a new consumer protection bureau are going to monitor the markets and look for threats. This is the body that will have the power to break up firms if the pose a threat.

Consumer Protection: The Consumer Financial Protection Bureau will exists within the Federal Reserve, taking over for powers now held by bank regulators.

Federal Reserve: With the approval of the aforementioned council, the Federal Reserve could "break up large, complex companies that pose a grave threat to the financial system."

Derivatives: Derivatives will mostly have to be traded on regulated exchanges and "...bank holding companies would have use subsidiaries utilizing their own, non-bank source of funds to trade in riskier derivatives, including mortgage credit default swaps blamed for accelerating the financial crisis of two years ago. Any federal assistance to banks to prevent losses that result from derivatives trading would be prohibited.

Executive Pay: Shareholders get the right to vote on executive pay packages. Fed gets to set standards for risky pay.

Mortgages: Lenders have to get proof that a borrower can pay their mortgage, and will have to disclose the maximum amount people would have to pay on an adjustable rate mortgage.


Provisions of the negotiated financial reform bill[AP]

Posted on Friday, June 25, 2010 @ 20:46:31 UTC by NB
 
Login
Nickname

Password

Security Code
Security Code
Type Security Code

Don't have an account yet? You can create one. As a registered user you have some advantages like theme manager, comments configuration and post comments with your name.
Related Links
· More about Final Thoughts
· News by NB


Most read story about Final Thoughts :
R.I.P-aunt judy

Article Rating
Average Score: 0
Votes: 0

Please take a second and vote for this article:

Excellent
Very Good
Good
Regular
Bad

Options

 Printer Friendly Printer Friendly

Associated Topics

Final Thoughts

 Back to the top 



 ©  nb-productions.com 2000-2013


:: fiappleblue theme by www.nukemods.com ::