All American Investor

WASHINGTON (Reuters) - Progress toward tighter U.S. financial regulation faltered in the U.S. Congress on Thursday as a House committee postponed a pivotal vote and Republicans on a Senate committee aired stubborn opposition. The setbacks came as lawmakers streamed out of town for a Thanksgiving holiday break, leaving further decisions on the regulatory reform agenda -- a key initiative of the Obama administration -- until December 1 at the earliest. The delay flew in the face of Treasury Secretary Timothy Geithner's call for swift action earlier in the day before another panel, the Joint Economic Committee, where he came under heavy fire, including a ... Read Full Story

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner and other regulators will testify next Thursday before a House of Representatives committee on systemic risk and other financial reform issues, said a House aide. Geithner will be joined by Federal Deposit Insurance Corp Chairman Sheila Bair, Comptroller of the Currency John Dugan and Federal Reserve Governor Daniel Tarullo at a hearing held by the House Financial Services Committee, the aide said. The hearing will focus on Obama administration financial reform proposals, including creating a systemic risk regulator, reforming debt securitization and resolution authority, or new powers for the government to deal with large non-bank financial ... Read Full Story

(Reuters) - The U.S. Federal Reserve must pre-emptively state it will not buy more Treasury bills in order to implement a cohesive exit strategy from the massive monetary bailouts it has provided, economic consultants Ian Bremmer and Nouriel Roubini wrote in an opinion column on the Wall Street Journal's website. Bremmer and Roubini wrote that if the stimulus packages are withdrawn too soon, the risk of relapsing in to inflation would be greater, while if left too late, the economy could succumb to stagflation. They also said that U.S. banking regulators should adopt the reforms agreed upon by the G-20 nations, including setting up ... Read Full Story

On Sunday, a single raven fell from the sky into the offices of the Daily News and died. Thus editors knew it was time to run the latest terror-filled missive from the world’s most depressing economist, Nouriel Roubini . Yet again, Nouriel Roubini inspires in us a palpable fear using nothing but words and numbers with his latest column in the Daily News . Only this time, he specifically targets those 15.7 million unemployed Americans who would dare believe that they might once again be productive members of society: Think the worst is over? Wrong…. The last recession ended in November 2001, but job ... Read Full Story

Goldman Sachs Group Inc, together with billionaire investor Warren Buffett, has decided to initiate a $500 million small business assistance program called “10,000 Small Businesses.” This is being done despite a somewhat public uproar over the firm setting aside $16.71 million for compensation this year (which has not ended yet). In June the company paid back the $10 billion in government assistance that it received last year. Assistance Money Breakdown The money will be split in half, leaving $250 million for use as charitable contributions. From that amount $220 million will be used for investor education and the remaining $50 million will be used ... Read Full Story