1. NY TIMES 6/4/13 WALL STREET BUYERS BEHIND THE RISE IN HOUSE PRICES: The last time the housing market peaked in Phoenix and Las Vegas, it was fueled by small investors, not this time. Wall Street firms are buying homes for their equity portfolios, investing billions of dollars in Real Estate . The Blackstone Group … More PUBLIC ADVOCACY: Financial Reform; when?
1. NY TIMES 4/22/13 Restyled as REAL ESTATE TRUSTS, varied businesses avoid taxes. The IRS is granting special exemptions from Federal Taxes, to corporations not registered as real estate trusts. The Corrections Corporation which is making the switch to a trust will save $70Million in taxes; Gaming Casinos and Spas will also save money as … More PUBLIC ADVOCACY: Financial Reform & NYC
1. Bill Moyers 3/17/13 and his guest Anthony Lieserwicz postulate; THE GOVERNMENT AND THE CORPORATIONS RUNNING THIS NATION HAVE A Short term myopic focus which misses the urgency of Climate Change. 4 out of 10 people have never heard of Climate Change. HOW IS THAT POSSIBLE? It’s not too late to act, we haven’t begun … More PUBLIC ADVOCACY: Infrastructure debate, it’s all about the MONEY
1.Tax increases planned 2/7/13 Barack Obama, Proposes tax increases on oil and gas groups and hedge fund executives as a short term fix to avoid $1.2 Trillion in automatic spending cuts. The business community and other Lobbyists are ” up in arms”, fighting to preserve their turf. The reforms, part of an overall tax reform … More PUBLIC ADVOCACY: The financial Times
1. Reading about Hedge Funds in The Sunday Times, to paraphrase, ORDINARY PEOPLE DON’T UNDERSTAND HEDGE FUNDS. BUT, THAT’s the point, isn’t it; NO TRANSPARENCY. Further along in the Business Section, Gretchen Morgenson Has A 2013 Guide to Better Behavior. It’s. worth remembering and requesting: A. Make it Sting; in matters of criminal liability, the … More Financial advocacy 2012/ Thoughts for moving forward
1. Bloomberg News Columbus Day. Chart of the day, How much does it take to buy an electoral vote? It’s predicted that $1 billion will be spent by the campaigns to sway voters and the electoral college. Somebody will get a big payday, you think? 2. NYTimes 10/8/12 To regulate high speed traders , SEC … More Moving on , moving forward, Doing instead of just talking
New York Times 6/29/12 Floyd Norris “Funds and allies defend the buck”
- Did you know that money market funds were not insured and could return less then a Dollar if the funds or banks were stressed?
- Money Market funds have 2.5 Trillion Dollars in assets. These assets may not be liquid in a crisis and the SEC proposes to make them safe.
- The SEC has stiff opposition from the Chamber of Commerce and the Funds. All the SEC wants is regulations in place similar to the FDIC.
- What do you think? Should there be new safeguards added to money market savings, too?
- 41.7% of professionals are worried about a second banking crisis
- Too big to fail, too big to manage and too big too regulate are equally pressing questions.
Let’s start to question, is de-regulation working for us? Flights to safety should be safe?