Posts Tagged ‘Obama
Obama: $21 Billion In New Hedge Funds Taxes
President Barack Obama has suggested that hedge funds and oil companies should pick up the slack with a tax hike in order to cut the deficit. Obama’s proposal would raise hedge fund manager’s taxes by up to $21 billion, according to an estimation by MSNBC. “If we choose to keep those tax breaks for millionaires and billionaires, or [...]
Carried Interest Tax Faces Threats From Congress
With a massive deficit on their hands and a recently passed $140 billion bill to extend jobless benefits through the end of the year and renew a series of popular tax breaks, the government is looking to scrounge up money anywhere it can– and the couch cushions aren’t exactly turning out to be a cash [...]
Loopholes in Dodd’s Legislation
Lobbyists on K Street have been going through Senate Banking Committee Chairman Chris Dodd’s nearly 1,400 page Wall Street reform bill with a fine tooth comb looking for loopholes. Not exactly light reading, but a necessary task for people whose very livelihoods (well, extra zeros on their pay checks) depend upon finding ways around the [...]
Thoughts on the Goldman Fraud Charges
In addition to the charges from the SEC, Goldman is now facing charges in Britain and additional scrutiny in Germany. With all of this going down while we await the passing of new hedge fund legislation in both the E.U. and the U.S., we have to ask ourselves, if the AIFM directive passes and if [...]
Obama Calls G20 to Act on Financial Reform
In a Monday letter to the G20 which can be read on the Huffington Post, President Obama laid out several key components of his push for international financial reform and called for the the group of nations to “lead by example.” The G20 are set to convene in Toronto in June where, after a long [...]
Volcker Rule May Help Out Hedge Funds
Thanks to regulatory pressure resulting from a new proposal known as the Volcker rule many hedge funds may be recruiting traders away from big U.S. banks. The legislation, proposed by President Obama and named after former Federal Reserve Chairman/present Obama adviser Paul Volcker, would require financial institutions engaged in proprietary trading to disclose more information [...]
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