Rocky Mountain Voice

Tag: Wall Street

New Fed Enforcer Michelle Bowman Tightens the Screws on Big Banks
National, The Daily Economy

New Fed Enforcer Michelle Bowman Tightens the Screws on Big Banks

By Bryan Cutsinger | The Daily Economy Earlier this month, in her first public speech as the Federal Reserve’s Vice Chair for Supervision, Michelle Bowman laid out her vision for how the central bank should oversee and regulate US banks. At the heart of her approach is pragmatism: identifying problems, crafting efficient solutions, analyzing both intended and unintended consequences, and considering alternative approaches that might produce better results at lower cost. Bowman outlined how her pragmatic approach can improve the Fed’s oversight of the banking system. She focused on four key areas:  Enhanced Supervision: Enhancing supervision to better achieve the Fed’s safety and soundness goals;  Bank Capital: Reforming the capital framework to ensure it al...
Pelosi’s Wall Street play: portfolio beats hedge funds, sparks renewed ethics debate
New York Post, Approved, National

Pelosi’s Wall Street play: portfolio beats hedge funds, sparks renewed ethics debate

By Gabrielle Fahmy | New York Post She might be the She-Wolf of Wall Street. Rep. Nancy Pelosi (D-California) raked in between $7.8 and $42.5 million in 2024 — meaning her estimated net worth with venture capitalist hubby Paul Pelosi could now top out at $413 million, new financial disclosures showed. The staggering sum is an eye-popping jump from 2023, when financial disclosures showed the couple’s net worth topping out at a possible $370 million. Pelosi’s exact net worth is not known because lawmakers are only required to disclose ranges. Market research firm Quiver Quantitative, which estimates a single figure based on daily stock values it tracks, placed the pair’s 2024 worth at $257 million — up $26 million from a year earlier. But the value of their variou...

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