Tag Archives: ira stoll

The Regulatory Revolving Door

Posted on March 29, 2010 by Benny Hollywood| Leave a comment

Ira Stoll submits: In the post about Paulson & Co.’s $32 billion in assets under management we mentioned that one benefit of being that big is that you get invited to meetings like the one the FDIC held last week . Representing Paulson & Co. at the meeting, according to a participants list , was a senior vice president, Allen Puwalski, whose “Linked In” resume reports that he was chief of bank analysis at the FDIC from 2003 to 2005. Other participants included John L. Douglas, a partner at Davis Polk & Wardwell. Mr. Douglas, who was general counsel of the FDIC from 1987 to 1989, lately has been “counseling Citigroup with respect to FDIC matters,” according to his law firm’s Web site . Complete Story

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Rising Consumer Spending Is Boosting ETFs

Posted on March 29, 2010 by Benny Hollywood| Leave a comment

Tom Lydon submits: The money isn’t exactly flying around yet, but consumers opened their wallets a little wider last month. The news, which is what economists had anticipated, is sending exchange traded funds higher this morning. With consumer spending being two-thirds of the economy, you’d better believe that any improvement on that front will be greeted with a measure of jubilation. Consumer spending rose for the fifth straight month in February. The 0.3% growth matched economists’ expectations. Later this week, the Labor Department will deliver its monthly employment report. The consensus is that it will show jobs growth. Consumer Discretionary Select Sector SPDR ( XLY ) is up slightly this morning. [ Retail ETFs Have Their Work Cut Out. ] Complete Story

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