Elizabeth Warren Wins Senate Banking Committee Seat: Sources

WASHINGTON — Nearly two years after Wall Street waged a successful campaign to keep consumer advocate Elizabeth Warren from running the Consumer Financial Protection Bureau, the incoming senator will be tapped to serve on the Banking Committee, according to four sources familiar with the situation. It’s a victory for progressives who battled to win her a seat on the panel that oversees the implementation of Dodd-Frank and other banking regulations.   Original post on huffingtonpost.com    Comments on reddit.com   

Will JPMorgan’s $2 Billion Blunder Finally End ‘Too Big to Fail’? – Business – TIME.com

JPMorgan’s $2 billion bungled trade has severely damaged the reputation of its CEO Jamie Dimon and vaporized nearly $20 billion in shareholder value. But will it lead to the kind of enhanced Wall Street regulation many experts have called for since the financial crisis?   Original post on time.com    Comments on reddit.com   

Mark Zuckerberg Emerges from SUV to Kick Off IPO Road Show – Forbes

Mark Zuckerberg stepped off a black SUV to kick off the Facebook IPO Roadshow at the Sheraton Hotel in Midtown New York City today. About 500 prospective investors awaited Zuckerberg’s arrival, so he could justify the cost of investing in Facebook when the IPO launches next week. CNBC reports that [...]   Original post on forbes.com    Comments on reddit.com   

Warren Buffett: Why stocks beat gold and bonds – The Term Sheet: Fortune’s deals blog Term Sheet

In an adaptation from his upcoming shareholder letter, the Oracle of Omaha explains why equities almost always beat the alternatives over time. By Warren Buffett FORTUNE — Investing is often described as the process of laying out money now in the expectation of receiving more money in the future. At Berkshire…   Original post on cnn.com    Comments on reddit.com