Kennedy Death Cuts Broad Health Bill Odds, Hatch Says By Nicole Gaouette Aug. 30 (Bloomberg) — Congress is less likely to pass sweeping health-care overhaul legislation following the death of Senator Edward Kennedy, a leading Republican said. “You’re not going to get this big, broad Democrat spending bill — you’re not going to get Republican
Luckily, America hasn’t yet been confronted with a financial crisis “fix” that exceeds its capacity to borrow. But to ensure that doesn’t happen in the future, institutions need to be appropriately sized so that they aren’t crucial enough to create the hope for financial help when times get tough.
There are ways to allow companies like GE to stay intact and have their finance arms regulated more closely, Frank said. The structure didn’t cause the financial crisis, and it shouldn’t be an obstacle to regulation, Frank said.
OppenheimerFunds, a unit of Springfield, Massachusetts- based Massachusetts Mutual Life Insurance Co., was sued this month by investors seeking to recoup losses allegedly caused by mismanagement of the Oppenheimer Pennsylvania Municipal Fund.
Hundreds of the Palo Alto, Calif.’s employees have now toiled at the company for more than two years, and many have worked three to five years. Increasingly, some have become restless, and would like to cash in on the huge value they’ve created. Most employees were awarded several thousands of shares valued at far less than a dollar each. Now, by selling to those shares investors for a private market value of $10 each, employees can enjoy a nice windfall. According to our sources, the transaction will include the buying out of roughly 15 million common shares – thus equaling around $150 million total value.