Financial News from Squawk On The Street from 6/18/2009

Prudential Financial, Incorporated (PRU) Discussed on CNBC's Squawk On The Street

Prudential Financial, Incorporated is in the news. Find out how this impacts PRU trading on Ockham Research.

That I actually believe systemic risk ought to be put in a counsel that would include the fed that would include the treasury secretary, that would include the PRUDENTIAL regulators and the s.E.C. And a chair and staff that would be solely focused on systemic risk evaluation and have the ability and the power to act.

“… emic risk evaluation and have the ability and the power to act. …”

The Washington Post Company (WPO) Discussed on CNBC's Squawk On The Street

The Washington Post Company is in the news. Find out how this impacts WPO trading on Ockham Research.

I, too, have some concerns about the administration's proposals, but let me perhaps acknowledge marker here, I think there was a piece that he wrote in the "WASHINGTON POST" recently if someone would have said nine months ago or six months ago or even three months ago that we would be sitting near the end of june with the stock market up almost 30%, with banks trying to

“… ee months ago that we would be sitting near the end of june with the stock market up almost 30%, with banks trying to …”

American International Group, Incorporated (AIG) Discussed on CNBC's Squawk On The Street

American International Group, Incorporated is in the news. Find out how this impacts AIG trading on Ockham Research.

When it acted in this crisis, to lend to individual institutions, i'll speak directly about jpmorgan and bear stern contacts and about AIG, in that context because the taxpayer was ultimately bear the losses that might come with any of those basic judgments, the fed

“… ts, the fed …”

JPMorgan Chase & Company (JPM) Discussed on CNBC's Squawk On The Street

JPMorgan Chase & Company is in the news. Find out how this impacts JPM trading on Ockham Research.

When it acted in this crisis, to lend to individual institutions, i'll speak directly about JPMORGAN and bear stern contacts and about aig, in that context because the taxpayer was ultimately bear the losses that might come with any of those basic judgments, the fed

“… ts, the fed …”

Independent Bank Corp. (INDB) Discussed on CNBC's Squawk On The Street

Independent Bank Corp. is in the news. Find out how this impacts INDB trading on Ockham Research.

Change in terms of the nature of and I just point that out as a big concern because all of a sudden the fed is acting more like a department of the government than an INDEPENDENT BANK. It's asking treasury for permission in that circumstance. Secondly, my other big concern is that we would be very much

“… other big concern is that we would be very much …”

Independent Bank Corporation MI (IBCP) Discussed on CNBC's Squawk On The Street

Independent Bank Corporation MI is in the news. Find out how this impacts IBCP trading on Ockham Research.

Change in terms of the nature of and I just point that out as a big concern because all of a sudden the fed is acting more like a department of the government than an INDEPENDENT BANK. It's asking treasury for permission in that circumstance. Secondly, my other big concern is that we would be very much

“… other big concern is that we would be very much …”

Freddie Mac (FRE) Discussed on CNBC's Squawk On The Street

Freddie Mac is in the news. Find out how this impacts FRE trading on Ockham Research.

We saw over the last year, why are we punting to the future FREDDIE MAC and fannyie mae, maybe we'll get to it last year? >> good point. >> I mean, to me at least, it seems like we're ignoring a core

“… We saw over the last year, why are we punting to the future FREDDIE MAC and fannyie mae, maybe we'll get to it last year? >> good point. >> I mean, to me at least, it seems like we're ignoring a core …”

Fannie Mae (FNM) Discussed on CNBC's Squawk On The Street

Fannie Mae is in the news. Find out how this impacts FNM trading on Ockham Research.

Thank you very much, mr. Thank you, mr. Secretary, for being here. Mr. Secretary, did FANNIE MAE and freddie mac problems there play a role in the recent financial crisis? >> absolutely. >> so going back to the

“… Thank you very much, mr. Thank you, mr. Secretary, for being here. Mr. Secretary, did FANNIE MAE and freddie mac problems there play a role in the recent financial crisis? >> absolutely. >> so going back to the …”

Prudential Financial, Incorporated (PRU) Discussed on CNBC's Squawk On The Street

Prudential Financial, Incorporated is in the news. Find out how this impacts PRU trading on Ockham Research.

Again, countrywide, it's been a nemesis to me, to gain the system for the slightest yet your plan, while consolidating ots and occ, leaves significant PRUDENTIAL supervisory authority with the fed and fdic. If you count the new consumer watchdog agency, which i'm all for, there would be four bodies involved in bank supervision, the same as we started with.

“… hich i'm all for, there would be four bodies involved in bank supervision, the same as we started with. …”

American International Group, Incorporated (AIG) Discussed on CNBC's Squawk On The Street

American International Group, Incorporated is in the news. Find out how this impacts AIG trading on Ockham Research.

There are some exceptions to we also believe we want to have a system flexible enough in the future if other institutions immersione emerge emerge, some that emerge from AIG or bear stearns and lehman brothers, that they adapt and bring those institutions under the same basic framework of constraint on leverage that we think is appropriate for those banks that are the core of the system that could threaten the

“… under the same basic framework of constraint on leverage that we think is appropriate for those banks that are the core of the system that could threaten the …”