General Motors filed for an initial public offering of stock on Wednesday, clearing a key hurdle toward repaying taxpayers for a controversial bailout just over a year after its bankruptcy.The 700-page registration form, filed with the U.S. Securities and Exchange Commission, starts a process that will lead to an initial public offering of GM’s stock.
Posts Tagged ‘U S Treasury’
GM Files for Landmark IPO to Repay Bailout
August 18th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Bailout, Derogatory Nickname, Detroit Automaker, Ed Whitacre, Gm Files, Government Ownership, Health Care Trust, Initial Public Offering, Ownership Stake, Page Registration, Preferred Shares, Public Image, Securities And Exchange Commission, Survival Aid, Treasury Department, U S Treasury, U S Treasury Department, United Auto Workers, Visa Inc, Workers Health 
Comments OffRoubini Says Rising Sovereign Debt Leads to Defaults
May 1st, 2010 Before You Invest (Bloomberg) — Nouriel Roubini, the New York University professor who forecast the U.S. recession more than a year before it started, said sovereign debt from the U.S. to Japan and Greece will lead to higher inflation or government defaults.Nearly $1 trillion of worldwide equity value was erased April 27 on concern that debt will spur defaults, derailing the global economy, data compiled by Bloomberg show.
Posted in Finance Fraud Tags: Angela Merkel, Bailout Package, Beverly Hills California, Beverly Hilton Hotel, Chancellor Angela Merkel, Coal Mine, Dominique Strauss Kahn, Economy Data, Equity Value, Fiscal Problems, German Chancellor Angela Merkel, International Monetary Fund, Milken Institute Global Conference, New York University, Nouriel Roubini, Sovereign Debt, Spain Portugal, Stern School Of Business, U S Treasury, York University Professor Comments OffThis Day in Wall Street History 1895: U.S. gold supply running dry
February 9th, 2010 Before You Invest The early 1890s were not kind to America’s gold reserves. The nation’s supplies of the precious metal swooned under the strain of the recently passed Sherman Silver Act as European investors, fearful that America was chucking gold for silver, increasingly sold their gold supplies overseas.Coupled with declining revenues triggered by various protective tariffs, the reserves plummeted, taking a severe toll on the economy.
Posted in Finance Fraud Tags: 1890s, Business Source, Desperation, European Investors, Financial Crisis, Foreign Investors, Gold Reserves, Gold Supply, Grover Cleveland, Handsome Profit, J P Morgan, Morgan And Company, Precious Metal, President Grover Cleveland, Protective Tariffs, Sherman Act, Source History, U S Gold, U S Treasury, Wall Street History Comments OffBlackstone Group’s Byron Wien Announces Top Ten Surprises for 2010
February 1st, 2010 Before You Invest Byron R. Wien, Vice Chairman, Blackstone Advisory Services, today issued his list of the Ten Surprises for 2010. This is the 25th year Byron has given his predictions of a number of economic, financial market and political surprises for the coming year. He started the tradition in 1986 when he was the Chief U.S.
Posted in Finance Fraud Tags: Advisory Services, Blackstone Group, Byron Wien, Carry Trade, Central Banks, Federal Funds Rate, Interest Rate Policy, Investment Strategist, Morgan Stanley, Private Level, Problem Concern, Purchasing Power Parity, Rising Interest Rates, Roller Coaster, Social Trends, Treasuries, U S Treasury, Unemployment Level, United States Economy, Valuations Comments OffFed Generates $46.1 Billion Profit in 2009
January 15th, 2010 Before You Invest The Federal Reserve had its largest bottom line ever in 2009, generating record profits as its holdings of Treasury, mortgaged-backed securities and agency debt grew.The Fed last year generated a net income of $52.1 billion, of which it paid $46.1 billion to the U.S. Treasury, the Fed said Tuesday.
Posted in Finance Fraud Tags: 1 Billion, Aig, American International Group, Asset Purchase, Balance Sheet, Bear Stearns, Federal Reserve, Government Debt, J P Morgan, J P Morgan Chase, Low Interest Rates, Mortgage Agencies, Mortgage Backed Securities, Net Income, Open Market Operations, Record Profits, Rescue Operations, Trillion, U S Treasury, Windfall No Comments »SEC Charges Houston Broker Dealer with Defrauding Florida Municipalities
December 29th, 2009 Before You Invest The Securities and Exchange Commission today charged a Houston-based broker with engaging in unauthorized and unsuitable trading on behalf of two Florida municipalities, putting them at risk of losing millions of dollars while he reaped commissions of more than $14 million for himself.The SEC’s complaint alleges that Harold H.
Posted in Finance Fraud Tags: Angeles Regional Office, Broker Dealer, Brokerage Firm, City Of Kissimmee, Complaint Alleges That, First Allied Securities Inc, Florida Municipalities, Fraudulent Practice, Interest Rate Changes, Investment Objectives, Orlando Fla, Personal Gain, Repurchase Agreements, Sec Charges, Securities And Exchange Commission, Trading Strategy, U S Treasury, U S Treasury Bonds, Water Authority, Zero Coupon 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 »FDIC to Consider Ways to Replenish Deposit Fund
September 18th, 2009 Before You Invest WASHINGTON (Reuters) – U.S. bank regulators are considering tapping a line of credit with the U.S. Treasury Department and may explore other lesser-known options to replenish the dwindling fund that safeguards bank deposits.Federal Deposit Insurance Corp Chairman Sheila Bair said on Friday that the agency would meet at the end of the month to discuss options to rebuild the fund, which has been significantly drained by a sharp increase in bank failures.”We are carefully considering all our options, including borrowing from Treasury,” Bair said, referring to the agency’s $500-billion line of credit with the Treasury Department.
Posted in Finance Fraud Tags: Bank Deposits, Bank Failures, Bank Regulators, Banks, Business Business, Fdic, Federal Deposit Insurance, Federal Deposit Insurance Corp, Global Finance Conference, Html Ref, Insurance Fund, Reuters, S 500, Safeguards, Sheila Bair, Taxpayer Money, Treasury Department, U S Bank, U S Treasury, U S Treasury Department No Comments »Vanguard registers for seven bond ETFs
August 11th, 2009 Before You Invest Some see filing as a challenge to iShares, as four of the funds would be cheaper Vanguard today filed a registration statement with the Securities and Exchange Commission to offer seven new bond index exchange traded funds in what some industry experts believe to be a direct challenge to iShares, the dominant fixed-income ETF provider.Three of the ETFs are expected to invest in U.S.
Posted in Exchange Traded Funds (ETFs), Finance Fraud Tags: Barclays, Barclays Global Investors, Barclays Ishares, Bond Fund, Bond Index Funds, Corporate Bonds, Daniel Wiener, E Mail, Exchange Traded Funds, Expense Ratio, Expense Ratios, Malvern Pa, Morningstar, Mortgage Backed Securities, New Bond, Newton Mass, Securities And Exchange Commission, Treasuries, U S Treasury, Vanguard Group No Comments »CBOE’s Q2 profit up 11%
July 31st, 2009 Before You Invest The Chicago Board Options Exchange said on Thursday second-quarter net income rose 11 percent as increased trading helped offset higher costs.The largest U.S. options exchange, which has been operating as a for-profit model since January 2006, said quarterly revenue was up 12 percent to $109.4 million from $97.6 million a year ago as trading volume rose 8 percent.”CBOE ’s top strategic priority remains building the strong fundamentals of our core business, and we are really focused on investing prudently in growth initiatives that leverage CBOE ’s existing infrastructure and expertise,” Chairman and Chief Executive William Brodsky said in a statement.Quarterly expenses were up 15 percent to $61.9 million compared with $53.7 million a year ago.Net income for the second-quarter ending June 30, rose to $28.1 million from $25.4 million a year earlier.
Posted in Cboe, Finance Fraud Tags: 5 Million, 6 Million, Brodsky, Cboe, Chicago Board Of Trade, Chicago Board Options, Chicago Board Options Exchange, Chief Executive, Cme, Core Business, Electronic Options, Exchange Traded Funds, Growth Initiatives, Interest Rate Options, Investor Sentiment, Leverage, Member Fees, Net Income, Profit Model, Q2 Profit, Quarterly Revenue, Quarterly Revenues, Trade Members, Transaction Fees, U S Treasury, U S Treasury Bills, Vix, Volatility Index No Comments »
