Senator Sherrod Brown Presses Regulators to Protect Taxpayers from Banks’ Risk-Taking

first_img Sherrod BrownU.S. Senator Sherrod Brown (D-Ohio) recently exhorted the heads of three government regulatory agencies (the Federal Reserve, OCC, and FDIC) to protect the rules that require the largest financial institutions to hold more capital, thus limiting the same risk-taking the led to the financial crisis of seven years ago, according to an announcement on Brown’s website.Brown wrote a letter urging Fed Chairman Janet Yellen, FDIC Chairman Martin Gruenberg, and Comptroller of the Currency Thomas Curry to resist the clamoring of Wall Street banks to weaken those minimum capital requirement rules, which Brown believes would expose taxpayers to more bailouts similar to those that occurred in 2008.In the letter, Brown stressed the importance of the rules required by the Wall Street Reform Act including the enhanced supplementary leverage ratio (SLR) for the largest financial institutions and the margin rules for derivatives transactions.“I write out of concern with the arguments made by large Wall Street banks and their allies that these rules—particularly the treatment of margin for cleared derivatives and rules governing trades among affiliates—should be watered down,” Brown wrote in his letter. “I urge you to reject these calls and maintain adequate taxpayer protections.”The margin rules for derivatives transactions were finalized by regulators in October in order to prevent risky trading by financial institutions that precipitated the financial crisis in 2008. The Fed, OCC, and FDIC approved a final SLR of 6 percent for the largest federally insured depository institutions in April 2014. The 6 percent SLR requires large banks to increase the amount of capital they use to fund all of the assets on their books instead of just the risky assets.“I urge you to reject these calls and maintain adequate taxpayer protections.”Senator Sherrod Brown“Enhancing capital and limiting leverage at the largest financial firms will help ensure that risky, complex, opaque financial transactions never again threaten the entire U.S. financial system and broader economy,” Brown wrote. “As we have seen repeatedly, better capitalized firms are in a stronger—not weaker—position to continue lending and take on risk throughout the credit cycle, including stepping in to assume others’ positions.”Click here to read the complete text of Brown’s letter. Senator Sherrod Brown Presses Regulators to Protect Taxpayers from Banks’ Risk-Taking The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago Large Banks Senator Sherrod Brown Wall Street Reform 2015-11-27 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago November 27, 2015 1,260 Views About Author: Brian Honea Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Previous: HARP Refi Numbers Dwindling Despite FHFA’s Efforts Next: Freddie Mac: ‘Vast Majority’ of Housing Markets Still Trying to Get Back to ‘Normal’ Related Articles The Best Markets For Residential Property Investors 2 days ago Share Savecenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Large Banks Senator Sherrod Brown Wall Street Reform  Print This Post Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Senator Sherrod Brown Presses Regulators to Protect Taxpayers from Banks’ Risk-Taking Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Mandy Patinkin Discusses Sondheim, Homeland, Hollywood Blunders & More

first_img View Comments Mandy Patinkin is a man of many talents. Musical theater? He’s a Tony Award winner. Television? He has an Emmy and is currently featured in one of TV’s biggest dramas. Film? We’re still quoting his immortal words from The Princess Bride. Model trains? He’s mastered that, too. But one thing the stage and screen star does not do is read music. “I’m a lyrically driven person,” he explained to Bob Simon on 60 Minutes on November 16. “I am not a musically driven person. That’s why I love Sondheim, that’s why I love Shakespeare…they’re storytellers.” And yet that doesn’t stop him from singing Sondheim staples while strolling through the park (no, really, cut to 8:05. It’s apparently his favorite pastime). Take a look at the in-depth profile below, in which he discusses his intensity as a performer, biggest blunders and more.last_img read more

Will Sally Field Return to Broadway in The Glass Menagerie?

first_imgSally Field(Photo: Bruce Glikas) Star Files Show Closed This production ended its run on May 21, 2017 Emmy and Oscar winner Sally Field is eyeing a return to Broadway in The Glass Menagerie. According to Showbiz411, a revival of the Tennessee Williams play (which was last on Broadway in 2013) is in the works for a fall opening this year with Fun Home’s Tony-winning director Sam Gold. Field would play Amanda Wingfield, a role she tackled in 2004 at the Kennedy Center.Field won Oscars for Places in the Heart and Norma Rae; she was also nominated in 2013 for Lincoln. She has won Emmys for her leading roles in Sybil and Brothers & Sisters and for her guest spot on ER. The actress made her Broadway debut in 2002 in The Goat, or Who Is Sylvia.The Glass Menagerie, which follows a faded Southern belle and her two kids, premiered on Broadway in 1945 and has since been revived six times. The most recent revival featured Cherry Jones, Celia Keenan-Bolger, Zachary Quinto and Brian J. Smith. The Glass Menageriecenter_img Related Shows View Comments Sally Fieldlast_img read more

Mallard’s Team of the Week — Nelson Neptunes Swim Club

first_imgMallard’s Source for sports would like to add to the celebration by selecting the Neptunes Team of the Week.The team includes, Locke Finley, Matthew Holitzki (Jr. Assistant Coach), Cynthia Pfeiffer (Head Coach), Madeline Holitzki, Laurel Nixon, Leah Eberle, Olivia Cowan, Joanna Blishen, Elissa Centrone, Evan Chouinard, Kallie Badry, Keira Badry, Morgan Robertson-Weir, Lachlan Bibby-Fox, Imogen Cowan, Enna Cowan, Hannah Malenfant, Ella Chouinard, Jaylen Rushton and Chloe Malenfan. Good things do come in small packages.The Nelson Neptunes did not let numbers get in their way as the Heritage City Swim Club came out on top and finished the Kootenay Summer Swim Association season in first place.The overall team was calculated by taking overall points and dividing it by number of swimmers who attended the meet, and Neptunes edged out second-place Kimberley and third-place Castlegar.last_img read more

‘Drug addict’ beaten to death in Kalighat

first_imgKolkata: A youth was allegedly beaten to death at Kalighat here on Sunday. Some local residents told the officers at Kalighat police station in the morning that a man was lying unconsciously on the footpath of Shyama Prasad Mukherjee Road. Police rushed the person to SSKM Hospital where the doctors declared him brought deadThe man identified as Sankar Mondal (25) was a resident of Satish Mukherjee Road. The police said he was a thief and a drug addict. However, the officers are not sure if he had committed any crime in the area on Saturday night. A source informed that Mondal’s hands were tied with a rope when he was recovered by the cops. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaDuring preliminary investigation, officers came to know that Mondal was beaten up by some local residents on Sunday morning. But it is not clear whether he died due to the attack as doctors could not find any serious injury on his body which led his death. Though no complaint has been lodged, police may register a suo moto case if any homicidal angle is revealed in the autopsy report. In another incident, a 56-year-old person died after he fell ill inside the Kalighat metro station. The deceased identified as Haran Mondal of Bansdroni. After he felt ill, on duty police personnel at Kalighat Metro Station rushed him to M R Bangur Hospital where doctors declared him brought dead. Later, it was revealed that he was suffering from acute cardiac problems and was undergoing treatment.last_img read more

LS polls: Over 100 candidates file nomination for the 1st phase in UP

first_imgLucknow: As many as 123 candidates filed their nominations for the first phase of Lok Saha polls in Uttar Pradesh on Monday, taking the total number to 146, EC officials said here. At 25, the maximum number of nomination papers were filed from Ghaziabad, followed by Muzaffarnagar (22), Gautam Buddh Nagar (21) and Saharanpur (20), the state’s chief electoral officer said. The number of nomination papers filed from other parliamentary constituencies going to polls in the first phase were: Kairana (14), Bijnor (16), Meerut (15) and Baghpat (13). Also Read – Uddhav bats for ‘Sena CM’The nomination papers will be scrutinised on March 26, while March 28 is the last date of withdrawal of candidature. The polling will take place on April 11. Prominent among those who filed their nominations are Union minister Satyapal Singh (sitting BJP MP) from Baghpat and RLD vice-president Jayant Chaudhary from the same constituency, an election official said. For the second phase of Lok Sabha polls, as many as 40 candidates had filed their nomination papers, taking the total number of nominations to 43 in the state.last_img read more

EC to deploy 578 companies of Central Forces covering almost 100% booths

first_imgKolkata: The Election Commission will have 100 percent deployment of the Central Forces in the booths in the fifth phase of the Lok Sabha polls with a total deployment of 578 companies. Seven Lok Sabha constituencies in Bengal go to polls on May 6.Apart from the Central Forces, there will be 142 Quick Response Teams (QRT) which will be on patrol in these constituencies and rush whenever there will be reports of any irregularities. The elections will be held in Bongaon, Barrackpore, Howrah, Uluberia, Serampore, Hooghly and Arambag and the Commission has already identified the trouble-prone areas. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaSources in the Commission said a major challenge on their part is to ensure free and fair elections in Barrackpore that has witnessed incidents of sporadic clashes in recent times between the Trinamool Congress and the BJP. There will be more than 70 companies of the Central Forces for Barrackpore alone. Bhatpara is one of the Assembly constituencies in Barrackpore which was won by Arjun Singh with a Trinamool Congress’ ticket in 2016 Assembly polls. Singh had joined the BJP and has been fielded by the saffron party against TMC’s Dinesh Trivedi who had won the Barrackpore seat in the last Lok Sabha polls. Also Read – Bengal civic volunteer dies in road mishap on national highwaySpecial Police Observer Vivek Dubey will visit Barrackpore to review the situation on Sunday. He will hold a meeting with the district election officials and also the political parties. According to sources in the state administration, Barasat police district will have 55 companies, Basirhat will have 12, Barrackpore and Chandannagore police commissionerates will have 50 and 52 companies while Hooghly rural will have 154 companies, Howrah rural will have 119 companies and Howrah police commissionerate will have 48 companies of the Central Forces.last_img read more

Kevin Durant Closes The Door On LeBron

CLEVELAND — After Golden State snatched what would’ve been a momentum-shifting win from the Cavs in Game 3 of the NBA Finals, Warriors forward Draymond Green revealed a prophetic word he’d shared with teammate Kevin Durant earlier in the season.“To be honest with you, we don’t really need you that much in the regular season,” Green recalled telling Durant, who silenced the crowd with the biggest shot of his career — a 26-foot, go-ahead 3-pointer over the outstretched arm of LeBron James with just under a minute to play — in the 118-113 victory. “But you know when those NBA Finals come around we’re really going to need you to play big for us.”When all’s said and done, and this club inevitably wraps up its second NBA title in three years, the degree to which the Warriors didn’t need to rely on Durant earlier this year will stand out; if only in contrast to the mileage James accumulated carrying the Cavs all season.Durant was spectacular and will undoubtedly be named Finals MVP once the Dubs win a fourth game.1Even though Stephen Curry is almost averaging a triple-double in the Finals, which is crazy. His impressive showing here, largely against the best player of the past generation, figures to prompt conversation about whether we’re seeing a changing of the guard concerning which player deserves to be considered the best in the world.We watched this movie play out for a third straight game on Wednesday night: LeBron being on fire for a half, then suddenly becoming less aggressive when he runs out of gas in the fourth quarter, while Durant saves his best for last. LeBron James3925211170%71%40%36% PLAYERQ1Q2Q3Q4Q1Q2Q3Q4 Kevin Durant2628173165523967 LeBron’s 4th-quarters lag in the 2017 Finals, Durant’s improve Source: NBA The pace in this matchup has played a key role in that dynamic — particularly for James. But the accumulation of minutes and miles on James’s legs this season — and over the past seven seasons, during his incredible Finals streak — probably hasn’t helped, either. This year alone, in which the 32-year-old averaged an NBA-high in minutes per game, James has run 47 miles more than the 28-year-old Durant,2This was the disparity heading into the NBA Finals, when combining both regular and postseason games. who missed just over a month’s worth of games during the regular season following an injury. (Golden State went 16-4 without him.)It would be unfair to the Warriors, who figure to go down in NBA history as perhaps its greatest team, to suggest that fatigue alone is the deciding factor in what may be a four-game sweep. The Warriors have so much more talent, and defensive skill, than the Cavs do. But James — who was sensational, and finished with 39 points, 11 rebounds and 9 assists — having more burst in the fourth quarter Wednesday might have at least helped Cleveland hold onto that game. And a 2-1 series, with Game 4 at Quicken Loans Arena on Friday, would have been promising.Warriors dominated with LeBron sittingRecognizing the importance of Game 3, James got hardly any breathers. Of the game’s 48 minutes, he took a seat for a grand total of two minutes, 24 seconds. Yet in that span of rest, his Cavaliers were outscored 12-0, an enormous margin in a game decided by just five points.3Yes, it’s only fair to point out that James was on the court for Golden State’s stunning 11-0 run to end the game over the final three-plus minutes of play.Almost all of the trouble stemmed from a lack of ball movement, starting with Kyrie Irving, who played a fabulous game with 38 points, but didn’t look good in this stretch.4He also got a very poor 1-on-1 look against Klay Thompson that misfired just before Durant hit the go-ahead 3-pointer. Cleveland had six offensive possessions without James on the floor; five of them featured one pass5Not counting outlet or inbound passes or no passes, while the other possession was this.Video Player Up/Down Arrow keys to increase or decrease volume.Meanwhile, the Cavs didn’t take advantage while the Warriors’ superstars sat. Warriors coach Steve Kerr, who made a handful of costly rotation choices in last year’s NBA Finals, trotted out lineups without Durant or Stephen Curry on Wednesday. (This is likely the biggest reason why the Warriors have struggled in second quarters this postseason relative to their dominance in the other three periods.) In fact, Kerr did this twice, for a total of five minutes, 34 seconds. Yet Cleveland didn’t create a real gap, only outscoring Golden State by three, 14-11, in that time.Curry’s unexpected rebounding was criticalWhen you think about the NBA’s most gritty players, people like Green, Tony Allen and Patrick Beverley might come to mind. Curry? Not so much.But the 6-foot-3-inch sharpshooter came up big in the trenches Wednesday, logging 13 rebounds,6This was tied for a game-high, along with Kevin Love’s 13 boards. the most for a point guard in the NBA Finals since at least 1984, according to’s Play Index.7The Play Index only goes back to 1984 in some categories. Even more impressive: Five of those rebounds were offensive, and the Warriors ended up scoring seven points off those extra chances — a huge boost in a five-point victory.Video Player Up/Down Arrow keys to increase or decrease volume.To put Curry’s rebounding into context, consider that he had more total boards on Wednesday alone than ace rebounder Tristan Thompson — whom the Warriors have neutralized beautifully by getting bodies on him while the ball is in the air — has had in this entire series.Curry doesn’t get quite enough credit for mixing it up to help his team win. Aside from defending pick and rolls a bit differently in this year’s finals, he’s also been arguably the NBA’s best off-ball screener, because of how much opponents sell out on the threat of his jumper, and how it opens up things for his teammates.For one night, Curry’s offensive rebounds were just about as lethal as his 3-point shooting. And in part because of them, we may have a new NBA champion by tomorrow night. POINTSFIELD GOAL % read more

Pereyra spoke about his complicated move

first_imgRoberto Pereyra came to Watford back in 2016 from Juventus and it was a surprising move for a lot of people as he had a good position in his former team – but he wanted to play in the Premier League.Gino Pozzo, the current Watford owner, brought Pereyra to Udinese a couple of years ago and he played a crucial role also in his move to England as the player insisted that he persuaded him to join the Hornets.The former Juventus midfielder spoke about this transfer as he said, according to“Gino was the determining factor.”Franck Ribery, FiorentinaFiorentina owner: “Ribery played better than Ronaldo!” Andrew Smyth – September 14, 2019 Fiorentina owner Rocco Commisso was left gushing over Franck Ribery’s performance against Juventus, which he rates above that of even Cristiano Ronaldo’s.“I obviously knew him from the past at Udinese and knowing how he works. I know he believed in me and that I could trust him. Having Gino was one of my main factors.”“It was a very hard choice because Juventus were winning many things. We are talking about one of the greatest clubs in the world.”“Yes, this is the Premier League but Juventus, well, are Juventus. At the beginning, it was complicated – it was another country, there was this whole settling in. It was quite overwhelming.”last_img read more

Ronaldo extraordinary – Allegri

first_imgJuventus manager Massimiliano Allegri has hailed Cristiano Ronaldo as “extraordinary” ahead of their first leg against Real Madrid on TuesdayThe Portuguese star played an integral part in Real’s 4-1 win over Juventus in last season’s Champions League final at Cardiff by bagging a brace.Ronaldo has scored 36 goals in his 33 appearances in all competitions this season and Allegri hailed the forward’s transition into adapting towards the latter stages of his career.“We have to be very good as a unit [to stop him],” said Allegri, according to Football-Espana.Franck Ribery, FiorentinaFiorentina owner: “Ribery played better than Ronaldo!” Andrew Smyth – September 14, 2019 Fiorentina owner Rocco Commisso was left gushing over Franck Ribery’s performance against Juventus, which he rates above that of even Cristiano Ronaldo’s.“I think we need to congratulate Ronaldo because for a player to be 30 or 31 and change his playing style completely is something extraordinary.”The Italian, who was recently awarded the Panchina d’Oro for a third time, believes that Gareth Bale more likely to start for Real than Isco.“Isco or Bale to start? You’d have to ask Zidane as I am the Juventus Coach and I am in no position to make a call or comment about it.“Honestly, I think Bale may be more likely but then maybe it will be Isco, I honestly do not know.”last_img read more