Archive for the ‘Tool’ tag
Bernanke Calls for Consolidated Supervision of Banks
Testifying before the House Committee on Financial Service, Federal
Reserve Chairman Ben Bernanke called for the consolidated
supervision of investment banks and the creation of a tool to
liquidate failed financial firms.
NAR and DOJ Reach 10-Year Settlement of MLS Anti-Trust Suit
The U.S. Department of Justice (DOJ) announced on Tuesday that it had
reached a proposed settlement with the National Association of Realtors
(NAR) to end a long-simmering dispute over the use of multiple
listings on the Internet.
The basis of the dispute and an eventual anti-trust lawsuit against NAR filed in 2005 was what DOJ
called “policies and related rules that obstructed real estate brokers
who use innovative Internet-based tools to offer..
Fed’s Bernanke Says Impossible to Tell When Markets Will Normalize
In a letter to U.S. Senator Chris Dodd, Fed Chairman Ben
Bernanke said it is impossible to tell when markets will
normalize and that the Fed is constantly reviewing its monetary policy
tools to make them more effective.