Reveling in victory, President Barack Obama on Wednesday signed into law the most sweeping reform of financial regulations since the Fantastic Depression, a package that aims to protect consumers and ensure economic stability from Main Street to Wall Street.The law, pushed through mainly by Democrats in Washington’s deeply partisan environment, comes nearly two years after the infamous near financial meltdown in 2008 in the United States that was felt around the globe. The legislation gives the government new powers to break up companies that threaten the economy, makes a new agency to guard consumers in their financial transactions and puts more light on the financial markets that escaped the oversight of regulators.Obama described them all as commonsense reforms that will help people in their daily life — signing contracts, understanding fees, understanding risks.He went so far as to call the reforms “the strongest consumer protections in history.” The president added to a burst of applause: “Because of this law, the American people will never again be questioned to foot the bill for Wall Street’s mistakes.”
Posts Tagged ‘Great Depression’
Financial Overhaul Signed Into Law
July 21st, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Applause, Barack Obama, Burst, Consumer Protections, Consumers, Contracts, Democrats, Economic Stability, Economy, Financial Markets, Financial Meltdown, Financial Transactions, Globe, Great Depression, Legislation, Oversight, Regulators, United States, Victory, Wall Street 
Comments Off“Lords of Finance” wins a Pulitzer Prize
April 13th, 2010 Before You Invest With penetrating insights for today, this vital history of the world economic collapse of the late 1920s offers unforgettable portraits of the four men whose personal and professional actions as heads of their respective central banks changed the course of the twentieth century.It is commonly believed that the Fantastic Depression that started in 1929 resulted from a confluence of events beyond any one person’s or government’s control.
Posted in Finance Fraud Tags: Ahamed, Banque De France, Boom Town, Central Banks, Downward Spiral, Economic Collapse, Economic Meltdown, Economic Turmoil, Federal Reserve Bank, Federal Reserve Bank Of New York, First World War, Great Depression, Hjalmar Schacht, Mid 1920s, Montagu Norman, Penetrating Insights, Pulitzer Prize, Reichsbank, Vital History, World War Ii Comments OffS&P500 had a first negative decade since benchmark’s inception in 1926
December 22nd, 2009 Before You Invest This tale first ran in Crain’s New York BusinessFor investors in the Standard & Poor’s 500-stock index, and that includes just about everyone who invests in mutual funds, the first 10 years of the 21st century will go down as a lost decade.Barring a stunning—indeed, nearly impossible—last-minute rally, the widely tracked index is headed for its first negative decade ever.Unless the index somehow generates a return of more of 10% by Dec.
Posted in Finance Fraud Tags: 1930s, Dividends, Ftse Index, Great Depression, Hang Seng Index, Inception, Investment Choice, Market Analyst, Minute Rally, Mutual Fund, Nasdaq Composite Index, Negative Numbers, Nikkei Index, P500, Pimco Total Return, Pimco Total Return Fund, Price Of Crude Oil, S 500, Savings Account, Stock Index No Comments »Smoot–Hawley Tariff Act of 1930 & the Great Depression
November 15th, 2009 Before You Invest The Smoot–Hawley Tariff Act of 1930 was an act signed into law on June 17, 1930, that raised U.S. tariffs on over 20,000 imported goods to record levels. The ensuing retaliatory tariffs by U.S. trading partners reduced American exports and imports by more than half and according to some views may have contributed to the severity of the Fantastic Depression.The stock market topped in 1929 and fell 45 percent in just three months.
Posted in Finance Fraud Tags: American Exports, Catalyst, Congressmen, Exports And Imports, Global Trade, Great Depression, Hawley Tariff Act, Hawley Tariff Act Of 1930, Plunge, Retaliation, Retaliatory Tariffs, S Trading, Severity, Smoot Hawley Tariff, Smoot Hawley Tariff Act, Standstill, Stock Market, Tariff Act Of 1930, Three Months, Trading Partners No Comments »Geithner, Brown Split on Tobin Tax at G-20 Meeting
November 9th, 2009 Before You Invest (Bloomberg) — Group of 20 governments split on whether to tax financial trading as part of a broader strategy to ensure the global economy’s expansion is less crisis-prone.U.K. Prime Minister Gordon Brown told a meeting of finance chiefs in St. Andrews, Scotland yesterday that such a levy could prevent excessive risk taking and fund future bank rescues, adding momentum to a debate begun by France.
Posted in Finance Fraud Tags: Amp, Apps, Banking System, Excessive Risk, Finance Chiefs, Financial Crisis, Global Economy, Gordon Brown, Great Depression, Levy, Momentum, Pid, Prime Minister Gordon Brown, Risk Taking, Speculation, St Andrews Scotland, Timothy Geithner, Tobin Tax, Treasury Secretary, U S Treasury No Comments »This Day in Wall Street History 1929: The Great Crash of 1929
October 29th, 2009 Before You Invest Oct. 29, 1929, is a day like no other in Wall Street history. Black Tuesday, the day of the Fantastic Crash, was a day of frenzied, panic-fueled trading, as investors struggled desperately to avoid financial ruin. When the dust settled, 16 million shares had been sold on the New York Stock Exchange.
Posted in Finance Fraud Tags: Automobile Production, Black Tuesday, Bull Run, Capitalist Engine, Collapse, Coterie, Crash Of 1929, Farthest Reaches, Financial Ruin, Financiers, Great Crash, Great Depression, New York Stock, New York Stock Exchange, Source History, Stock Prices, Verge, Wall Street History, Wealth And Prosperity, York Stock Exchange No Comments »Unemployment hits 26-year high
July 3rd, 2009 Before You Invest Job losses in June larger than expected as nationwide jobless rate reaches 9.5 percentWASHINGTON — The government report Thursday that the nation’s unemployment picture took an unexpectedly sharp turn for the worse after four straight months of moderately encouraging news was a sobering jolt to hopes that the economy might gradually be getting back on track.The overall unemployment rate edged up just a notch, to a 26-year high of 9.5 percent in June, but the loss of 467,000 payroll jobs made it clear that the worst economic crisis since the Fantastic Depression was far from over – at least for American workers.And the size of the payroll loss was unexpected and reversed a four-month trend in which the size of the loss had been shrinking from the January peak of 741,000 jobs eliminated.Since the recession started in December 2007, the ranks of the unemployed have nearly doubled to 14.7 million, and nonfarm employers have eliminated 6.5 million jobs.”This is the only recession since the Fantastic Depression to wipe out all the jobs growth from the previous business cycle,” said EPI economist Heidi Shierholz.
The financial crisis and the dollar
June 21st, 2009 Before You Invest In the face of the worst economic crisis since the Fantastic Depression and unprecedented U.S. policy actions, the U.S. dollar is still up 14 percent, against a trade-weighted basket of major currencies, from its all-time lows last year. On top of that, as you can see in the chart below, the dollar remains in an uptrend …
Posted in Finance Fraud Tags: Bloomberg, Brazilian Real, China, Currencies, Currency, Dollar, Dynamic Economies, Economic Crisis, Economic Depression, Financial Crisis, Financial Markets, Fragile Nature, Great Depression, Indian Rupee, Policy Actions, Russian Ruble, Time Lows, Trough, Uptrend, Vulnerability No Comments »U.S. consumer mood highest in 8 months: survey
May 29th, 2009 Before You Invest The gradual healing in consumer confidence, which hit a 28-year low in November, has been seen as a sign of an economic rebound from the worst downturn since the Fantastic Depression.The Reuters/University of Michigan Surveys of Consumers said its final May reading on consumer sentiments was 68.7, higher than an early May figure of 67.9 and a final April reading of 65.1. This was slightly above economists’ median expectation of a reading of 68.0, according to a Reuters poll.more athttp://www.reuters.com/article/newsOne/idUSTRE54S3F620090529
This Day in Wall Street History 1931: Empire State Building dedicated
May 2nd, 2009 Before You Invest On this day in 1931, President Herbert Hoover officially dedicated New York City’s Empire State Building, pressing a button from the White House that turned on the building’s lights. Hoover’s gesture, of course, was symbolic; while the president remained in Washington, D.C., someone else flicked the switches in New York.The thought for the Empire State Building is said to have been born of a competition between Walter Chrysler of Chrysler Corp.
Posted in Finance Fraud Tags: Alfred E Smith, Architecture Firm, Art Deco, Chrysler Building, Chrysler Corp, City Residents, Deep Sense, Economic Conditions, Empire State Building, Great Depression, Harmon, Herbert Hoover, John Jakob Raskob, Lightning Rod, Midtown Manhattan, President Herbert Hoover, Single Day, Tallest Skyscraper, Wall Street History, Walter Chrysler No Comments »food online
