Reuters – The top U.S. securities regulator said market watchdogs need to supervise credit default swaps, securities blamed for exacerbating 2008’s market meltdown and more recently the Greek debt crisis.
Reuters – New York state should not reimpose a stock transfer tax as this would make Wall Street firms move to other cities such as New Jersey’s Newark, or other states like Connecticut, Governor David Paterson said on Monday.
Reuters – Top White House adviser Lawrence Summers on Thursday played down the significance of a decline in China’s holdings of U.S. Treasuries.
Bloomberg – Feb. 1 (Bloomberg) — President Barack Obamaâ??s budget would
boost U.S. Securities and Exchange Commission funding 11 percent
to $1.23 billion to help the agency improve technology and hire
staff with expertise in financial products.
Reuters – A $447 billion bill that would boost financial oversight and high-speed rail, encourage needle exchanges for drug addicts, and advance other Democratic priorities won final U.S. congressional approval on Sunday.
