Congress’s proposed overhaul of U.S. bank regulation wouldn’t have averted the 2008 financial crisis and does too little to prevent a recurrence, two former chairmen of the Securities and Exchange Commission said.
Sept. 13 (Bloomberg) -- Richard Bove, an analyst at Rochdale Securities, Richard Breeden, chief executive officer at Breeden Capital Management LLC, Byron Dorgan, senior policy advisor for Arent Fox LLP, and Sallie Krawcheck, former head of Bank of America Corp.'s wealth-management division, participate in a panel discussion about the state of the banking industry and outlook for regulation. Bloomberg’s Robert Friedman moderates the panel at the Bloomberg Markets 50 Summit in New York. (Source: Bloomberg)
The White House says it’s finally ready to consider new ideas for what to do about Fannie Mae and Freddie Mac . Still absent from the government’s agenda is any serious effort to hold anyone accountable for their ruin or investigate why they collapsed.
H&R Block Inc. , the biggest U.S. tax preparer, expects to remain an independent company and will step up efforts to win online customers as more returns get filed electronically, Chief Executive Officer Alan Bennett said.