A new national stock exchange based in Dallas is slated to launch in the U.S. with the aim of taking on the New York Stock Exchange (NYSE) and the Nasdaq, and it has backing from some major Wall Street names.
Read More: Fox Business
Tag Archives: Wall Street
Wall Street Has Spent Billions Buying Homes
Lawmakers say investors that scooped up hundreds of thousands of houses to rent out are driving up home prices, now lawmakers want to stop it from ever happening again.
Read More: Fox Business
WALL STREET ISN’T BACKING JACK LEW FOR TREASURY – THE TERM SHEET: FORTUNE’S DEALS BLOG TERM SHEET
Wall Street thinks Obama’s likely Treasury Secretary pick doesn’t know jack about the market.
FORTUNE — Jack Lew, the frontrunner to be named Treasury Secretary in Obama’s second term, isn’t Wall Street’s first choice for the key economic post. He’s not even its second.
“I’ve talked to a bunch of investors and it’s seen as a net negative going from [Tim] Geithner to Lew,” says Chris Krueger, senior political analyst at Guggenheim Partners. “Who does Wall Street want? Not Jack Lew.”
Lew, 57, spent three years on Wall Street working at Citigroup (C) as the chief operating officer of its alternative asset investment management unit. One of the funds Lew’s group invested in was run by John Paulson, who at the time was betting heavily against the housing markets and banks. But that’s not the part of Lew’s resume that anyone seems to remember. And it’s certainly not the important part.