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The head of the Securities and Exchange Commission, Mary Jo White, is on board with calls for a broad review of the framework of the U.S. equity market, which has been roiled by software glitches over the past year, an SEC commissioner said on Monday.White, who took over the SEC in February, has not discussed the issue in detail and nothing concrete has been decided, Commissioner Daniel Gallagher said after 20 industry officials discussed equity market structure at a roundtable."We haven't talked too much in depth on market structure issues," Gallagher said. "I know that she is on board with the idea that it is a huge issue and we need to resource it and come up with a plan."We have to do a holistic review. Nobody is arguing against it," said Gallagher, who had urged a wide-ranging review of the U.S. equity marketplace in a widely commented speech in October.Monday's roundtable was convened by Representative Scott Garrett, a Republican from New Jersey who chairs the House of Representa...
The staff of the U.S. Securities and Exchange Commission has concluded its investigation into Lehman Brothers Holdings and will not likely recommend charges, accordi...
Remember that eye-popping $110 million bill taxpayers are on the hook for in defending former Fannie Mae and Freddie Mac execs since 2004?The total bill is actually ...
Winding down Fannie and Freddie Mac.
FBN’s John Stossel breaks down how the government’s spending patterns would translate to your yearly budget.
Europe's financial crisis still threatens the U.S. recovery, and the Federal Reserve will do everything it can to protect against damage to the economy, Fed Chairman...
Newedge Senior Director Larry McDonald and Euro Pacific Capital Senior Market Strategist John Browne on efforts to boost the housing market and the close economic and cultural ties between the U.K. and U.S.
The chairman of the House subcommittee that oversees the mutual fund industry said Thursday he was “taken aback” when he learned of the high levels of short-term deb...
Rep. Scott Garrett , (R-NJ), explains why there’s pushback from Republicans on Libya and why Republicans are reflecting the war weariness of the American people.
Freedom Fighters Charles Payne, Kmele Foster and Sascha Burns get into it over whether the President needs to get Congressional authorization for the 'kinetic military action' in Libya and the merits of the War Powers Act
FBN’s Lou Dobbs explains why this week we hit not only the debt ceiling, but the competency ceiling of our elected officials
The Judge explains the disconnect between people’s attitude to the idea of spending cuts versus their attitude towards actual spending cuts and previews FBN’s Entitlement Week coming next week.
By Corbett B. DalyWASHINGTON (Reuters) - A bill to create a new market for financing mortgages that would help wean the $10.6 trillion mortgage market off government...
Rep. Scott Garrett , (R-NJ), and Rep. Peter Welch, (D-Vt.), on the budget negotiations.
Rep. Scott Garrett , (R-NJ), on the fiscal cliff negotiations.
Rep. Scott Garrett , (R-N.J.), discusses why he wants to replace Rep. Ryan if he is elected Vice President.
FBN’s Lou Dobbs on the House and Senate adjourning for summer recess.
Rep. Scott Garrett , (R-N.J.), on the Democrats’ call for higher taxes.
Geithner said he took appropriate steps once aware of possible Libor manipulation-Geithner says not aware the New York Fed was informed of manipulation in 2007-Lawma...
Representative Scott Garrett , (R- N.J.), and Representative Stephen Lynch, (D-Mass.), discuss Timothy Geithner's questioning over the Libor scandal.
