Banking

NORTH CAROLINA HOUSE BILL 315 – TAXPAYER INFORMATION ACT

THE FOLLOWING BILL IS BEFORE THE NORTH CAROLINA HOUSE : GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2011 H 1 HOUSE BILL 315 Short Title: Taxpayer Information Act. (Public) Sponsors: Representatives Pridgen, Folwell, Collins, and Stone (Primary Sponsors). For a complete list of Sponsors, see Bill Information on the NCGA Web Site. Referred to: Finance. March

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INFLATION WORRIES – GOLD HITS A NEW RECORD, SILVER AT 31 YEAR HIGH

APRIL 9, 2011 Inflation Drives a Shift in Markets By TOM LAURICELLA And JUSTIN LAHART After being pushed and pulled this year by tumult in the Middle East and the quake in Japan, the world’s financial markets are increasingly being driven by economic fundamentals, including inflation and interest rates. The winners in the shift have

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BERNANKE PLAYS DOWN INFLATION FEARS DURING MARCH 15 FED MEETING DEBATE

APRIL 5, 2011, 3:03 P.M. ET Fed Minutes Show Inflation Debate By JEFFREY SPARSHOTT And JEFF BATER Federal Reserve officials judged that the U.S. economy was gaining traction when they met three weeks ago, but highlighted the potential negative impact of rapidly rising commodity prices on inflation expectations, consumer spending and business investment. “A significant

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ARE WE READY FOR A FINANCIAL CYBER ATTACK?

MARCH 31, 2011 An assault on Estonia in 2007 disrupted banking and other services for over a week. By WARREN GETLER Last week, the European Union revealed that its headquarters had come under a major cyber attack, likely state-sponsored, on the eve of the EU summit. Earlier this month, the French announced that they had

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OBAMA’S INFRASTRUCTURE BOONDOGGLE

New agency would blow billions on toll roads, windmills and solar panels By THE WASHINGTON TIMES– Wednesday, March 16, 2011 The  last thing America needs right now is another government agency. Apparently, Sen. John Kerry, Massachusetts Democrat, doesn’t agree. On Tuesday, he announced his intention to establish the American Infrastructure Financing Authority (AIFA). President Obama

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THE INCREDIBLE MS. WARREN CLAIMS TO BE “MOST ACCOUNTABLE”

MARCH 26, 2011 The Incredible Ms. Warren The White House aide does a weak-little-regulator routine. The unofficial czar of the new Consumer Financial Protection Bureau, Elizabeth Warren, told Congress last week that her organization is “the most constrained and the most accountable agency in government,” and then repeated similar claims on CNBC Tuesday. If nothing

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DODD-FRANK’S THREAT TO FINANCIAL STABILITY

MARCH 25, 2011 The identification of firms as too big to fail is a mad policy that will confer unfair marketplace advantages and put taxpayers on the hook for future bailouts. With the comment period now closed on its proposed rule, the Financial Stability Oversight Council (FSOC) is getting ready to outline the terms for

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FINANCIAL TERRORISM SUSPECTED IN 2008 ECONOMIC CRASH

WASHINGTON TIMES Pentagon study sees element By Bill Gertz– The Washington Times     February 28, 2011 Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system. The unclassified 2009

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