That people have been describing as, quote, all over the place. In the meantime, watching the tenyear yields sinking. One part of the market hot today, that is shares of mylan. Surging about 10 after strong earnings. The company saying it is poised for yet another substantial transaction. What exactly does that mean . The ceo is here exclusively. Well ask her. Thatll be interesting. Then tesla remains perhaps the most intriguing stock in the entire market. It has doubled just since thanksgiving. Is that because the street now sees tesla as an Energy Company, not just an electric car company . We have one guest whos going to make that case coming up. That story, bill, tesla, has been the story all week. Now, heres how we stand in markets. What were you going to stay . I was going to say an analyst price forecast for that stock are all over the map. From the 200 range to the 60 range. Pun intended. Any who, heres where the dow stands. Up to 16,245. Meanwhile, as we mentioned off the top,
This meeting comes to order and this chair is authorized to call recess at any time. This is called two days after the 4th anniversary of the doddfrank wall street reform and Consumer Protection act and we will examine its impact on the Capital Market and the economy. And i recognize myself for four and a half minutes for an opening statement. Doddfrank has been based upon a false premise that deregulation or lack of regulation led us into the crisis. However, in the decade leading up to the crisis, studies have shown that the Regulatory Burden on the financial industry increased. There were few industries that were more highly regulated. The list could go on. We here a lot about wall street greed and i could not agree more. I am curious at what point was there not greed on wall street. I am wondering how that could be the determining factor. I do know Affordable Housing goals of fannie and freddie on stero steroids helped mandate Financial Institutions into loaning money to people to
Laundering concerns. They are no longer dealing big banks are no longer dealing with Community Banks because of know your customer concerns. We would recommend to remedy this situation, a, we eliminate fsoc, a regulator composed of regulators. Its a huge redundancy and double jeopardy in the system. Eliminate ambiguities in the terminology and then finally to carve out some protections for the 99. 999 of all american businesses and Financial Institutions that have nothing to do with this regulation. To wrap it up in just a second. Two years ago i testified to this committee. I asked the question, when they business calls its bank for financial services, would anybody be there to answer the phone . We now know the answer to that. And the answer is yes. The Compliance Officer will be there, not the loan officer. Ladies and gentlemen, that is no way to run the best economy in the world. Again, chairman frank. Welcome back home. You are now recognized for your testimony. Thank you, mr. Cha
Their product. Removing this is detrimental to Rural Communities like i represent in washingtest virgin. I will continue to work with the chairman, and i yield back. Chair now recognizes the gen gentlelady from new york. Welcome to chairman frank. We miss you and it is great to see you. This legislation bears your name and was the most sweeping overhaul of Financial Regulation since the great depression. When the Investment Company act of 1940 was passed it was called at the time and i quote the most intrusive financial legislation known to man or beast. That is now the cornerstone of the large and thriving u. S. Mutual fund industry. It is important to remember the postdepression financial form took a long time the implement. The security act was important in 1933 but it wasnt adopted until 1948. 15 years after the 33 act was performed. It requires flexibility on the part of the regulators, industry and congress. I look forward to our Witnesses Today and will respond by saying when pr
FMC Corporation (NYSE:FMC) Q1 2024 Earnings Call Transcript insidermonkey.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidermonkey.com Daily Mail and Mail on Sunday newspapers.