Skip to main content

Home/ Finance-Banking-and-the-Shadow-Banking-System-Resources/ Contents contributed and discussions participated by kevinan108

Contents contributed and discussions participated by kevinan108

Simple Middle Filter: All | Bookmarks | Topics
Kevin Mao

Key Facts - 10 views

started by Kevin Mao on 18 Apr 12 7 follow-ups, last by kevinan108 on 18 May 12
  • kevinan108
    #5 kevinan108 on 18 May 12
     
    Occupy Wall Street- OWS was a left wing response to the Tea Party. They were upset over Obama's policies towards Wall Street and they were upset by Wall Street's actions. OWS also seeked to address concerns over the growing inequality gap in the U.S
  • ...5 more comments...
  • kevinan108
    #6 kevinan108 on 18 May 12
     
    French/Greek Elections- The recent elections in Europe have demonstrated that Europeans are fed up with austerity and have voted out leaders in charge of austerity. New leader Francois Hollande has promised to levy 70% income taxes on people making over $1 million dollars. Greece still cannot decide on a leader. As a result there has been a growing run on the banks in Greece and Spain and there are worries whether Greece will stay with the euro or leave.
  • kevinan108
    #8 kevinan108 on 18 May 12
     
    Volcker Rule- A rule in the Dodd-Frank Financial Reform bill that stops banks from making speculative investments that do not benefit its customers. It bans proprietary trading which is when banks use its own money to make risky bets.
  • kevinan108
    #9 kevinan108 on 18 May 12
     
    Dodd-Frank Financial Reform Bill- A bill that is intended to enforce new regulations on Wall Street to prevent the Financial Crisis from happening again. Many aspects of the bill only come into effect later on.
  • kevinan108
    #10 kevinan108 on 18 May 12
     
    Paul Krugman- Professor of economics at Princeton University and columnist at the New York Times. He is in favor of increased regulation of Wall Street
  • kevinan108
    #11 kevinan108 on 18 May 12
     
    Securities and Exchange Commission- The agency responsible for enforcing laws involving the stock market and Wall Street. the SEC was created in 1934 after the Great Depression.
  • kevinan108
    #13 kevinan108 on 18 May 12
     
    Jamie Dimon- CEO of JP Morgan since 2005. He has been a vocal advocate for less regulation on Wall Street. Recently, JP Morgan has lost $3 billion in derivatives trading. The FBI is investigating his company
  • kevinan108
    #14 kevinan108 on 18 May 12
     
    Ina Drew- Chief Investment Officer of JP Morgan. She was one of the few women in leadership roles on Wall Street. She was fired after her actions cost JP Morgan $3 billion dollars. She may receive $14.7 million in termination compensation
1 - 1 of 1
Showing 20▼ items per page