Now that Republicans have taken over the House of Representatives, they’re itching to tamp down the new financial services regulations passed by Congress this summer. The latest example: a letter to the Treasury Department by Representative Spencer Bachus of Alabama, the probable new chairman of the House Financial Services Committee, declaring that Dodd-Frank will “undermine [...]
It took a Congressional inquiry this year to force Goldman Sachs Group to disclose how much it made in the mortgage market — and that was only for 2007, Bloomberg News reports. Goldman Sachs hasn’t revealed mortgage-trading revenue since then, leaving investors to guess how much it contributes to the fixed-income, currency and commodities division, [...]
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It seems that venture capitalists are feeling pretty lucky when it comes to the Dodd-Frank Act, the financial reform bill signed into law last week. “We dodged a bullet,” the spokeswoman for the National Venture Capital Association, Emily Mendell, told TheStreet.com. Some of the early versions of the bill included registration and investing requirements that [...]
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