Regulation and Regulators Necessary for Financial System Future, Says AIG CEO (CNBC)
American International Group (AIG) CEO Robert Benmosche, beneficiary of a massive bailout by the U.S. federal government in 2008, said today, “Had we not acted, I believe the financial system as we know it today would not be here today.” AIG repaid the bailout earlier this year. Benmosche believes that another financial crisis is inevitable, but that regulation such as the Dodd-Frank Wall Street reform law, as well as action by regulators, such as Federal Reserve stress tests on financial institutions, is they key to assuring that the next failure will not destroy the financial system as a whole.
ECB President Says Money-Market Rates Too High (Reuters) In anticipation of U.S. Federal Reserve tapering, bank-to-bank borrowing costs have risen. The European Central Bank (ECB) last week issued forward guidance that it could lower its own key interest rates, in order to counteract this rise. "The short-term money market rates at some point in time have been unwarranted and they are and we will conti
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: