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By a vote of 223 to 202 largely along party lines the House passed a bill that brings sweeping changes to the American financial regulatory system. The 1279 page bill creates anew federal agency for consumer protection, establishes a council of regulators to police the financial system for systemic risks, initiates oversight of the derivatives market, and gives the government power to wind down large firms that are in danger of collapse and pose systemic risk. The bill also gives sharehlders advisory say on executive compensation, increases transparency of credit rating agencies, and sets aside billions in governmet money to help unemployed homeowners.
By a vote of 223 to 202 largely along party lines the House passed a bill that brings sweeping changes to the American financial regulatory system. The 1279 page bill creates anew federal agency for consumer protection, establishes a council of regulators to police the financial system for systemic risks, initiates oversight of the derivatives market, and gives the government power to wind down large firms that are in danger of collapse and pose systemic risk. The bill also gives sharehlders advisory say on executive compensation, increases transparency of credit rating agencies, and sets aside billions in governmet money to help unemployed homeowners.
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LyrArc Article Gist
Jim Campbell will replace Dewar as head of Chevrolet. He reports to Susan Docherty, head of sales, service and marketing for GM.
Jim Campbell will replace Dewar as head of Chevrolet. He reports to Susan Docherty, head of sales, service and marketing for GM.
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Original article 1 minute, gist 1 minute
Original article 1 minute, gist 1 minute
LyrArc Article Gist
Daniel Howes makes a scathing indictment of the way in which the keepers of the city of Detroit's institutions have battled to preserve the status quo and prevent much needed changes in conduct at the mayoral offfice, the public schools, and in the auto industry, its unions and communities. He says the staus quo is broken and the city is coming apart.
Daniel Howes makes a scathing indictment of the way in which the keepers of the city of Detroit's institutions have battled to preserve the status quo and prevent much needed changes in conduct at the mayoral offfice, the public schools, and in the auto industry, its unions and communities. He says the staus quo is broken and the city is coming apart.
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Compared to the larger banks which have 10%, the smaller banks have about 37% of their assets in commercial properties.
Compared to the larger banks which have 10%, the smaller banks have about 37% of their assets in commercial properties.
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Original article 1 minute, gist 1 minute
Original article 1 minute, gist 1 minute
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