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Jan 1, 2015

Fed audit legislation likely to get full vote in Congress this year Originally posted on December 31, 2014: GATA | THE GATA DISPATCH

Fed audit legislation likely to get full vote in Congress this year

Submitted by cpowell on January 1, 2015. 
Congress Poised in 2015 to Order Audit of Federal Reserve Long Sought by Ron Paul
By Stephen Dinan
The Washington Times
Wednesday, December 31, 2014
After years of being blocked by Democratic leader Harry Reid, the Senate will finally get a chance next year to vote on legislation to force a broad audit of the Federal Reserve's decision-making.
Once championed in Congress by former Rep. Ron Paul, the push to force the country's central bank to undergo a full audit has been picked up by his son, Sen. Rand Paul, R-Kentucky, and others, and has the backing of the leader of the new Republican majority, Sen. Mitch McConnell, also a Kentucky Republican, whose office says the legislation will earn a floor vote.
... Dispatch continues below ...

Keiser Report: Big Kaputski of 2015 (E700)

Published on Jan 1, 2015
Max Keiser and Stacy Herbert celebrate the first day of 2015 with some regular guests who attempt to predict the big themes of the New Year. First, they talk to Dominic Frisby of about where it all might kick off this year - perhaps Japan? Next, Professor Steve Keen talks Minsky moments, debt deflation and the Bancor. Last, but not least, they speak to Liam Halligan of for his predictions on Europe, China, Russia and dividend yields in 2015.

Reuters Money - January 1, 2014: Ambac sues Bank of America over Countrywide mortgage bonds.

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Ambac sues Bank of America over Countrywide mortgage bonds
NEW YORK (Reuters) - Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank's Countrywide Home Loans unit.
U.S. bonds set for more modest year after banner 2014
NEW YORK (Reuters) - The U.S. bond market could enjoy a solid 2015, but don't expect a repeat of the spectacular run that some fixed-income sectors enjoyed this year, investors said on Wednesday.
Growth pauses for U.S. public pension fund investments
WASHINGTON (Reuters) - The breakneck growth of U.S. public pension assets paused in the third quarter of the year, due to falling earnings, U.S. Census data released on Wednesday showed.
Twist ending: U.S. municipal bond sales in 2014 to surpass 2013
WASHINGTON (Reuters) - Sales of new U.S. municipal bonds in 2014 will exceed 2013's total, Thomson Reuters data showed on Wednesday, a twist ending to a year that began with shrinking supply.
Pimco Total Return Fund trails peers in 2014: Morningstar
NEW YORK (Reuters) - The performance of the Pimco Total Return Fund, the world's largest bond fund, trailed most of its peers in 2014 after a turbulent year at fund manager Pimco, preliminary data from Morningstar showed on Wednesday.
Pimco fires money manager after CME Group violation
NEW YORK (Reuters) - California-based bond firm Pimco has dismissed money manager Rahul Seksaria after CME Group Inc, the world's largest futures market operator, fined him for a trading violation.
U.S. assets enter 2015 strong; volatility may ensue
(Reuters) - Strong growth, cheap energy and some forced generosity from the Federal Reserve due to falling inflation all imply a strong first half of 2015 for U.S. financial markets.
Analytics-based U.S. tech firm Inovalon files for IPO
(Reuters) - Inovalon Holdings Inc, an analytics and data-based technology service provider to the healthcare sector, filed with U.S. regulators on Tuesday to raise up to $500 million in an initial public offering of Class A common stock.
Icahn-backed CVR may pursue Wachtell Lipton malpractice case
NEW YORK (Reuters) - A federal judge has rejected Wachtell, Lipton, Rosen & Katz's bid to dismiss CVR Energy Inc's lawsuit accusing the prominent New York law firm of malpractice in advising on a 2012 hostile takeover of the oil refiner by billionaire Carl Icahn.
Investors eye 2015 with big appetite for hedge funds: report
BOSTON (Reuters) - Wealthy investors are poised to put at least $90 billion into hedge funds next year, even after returns have largely been lackluster this year, research firm eVestment said on Tuesday.