FYInance

Posts Tagged ‘Congress’

Jan. 8 (Bloomberg) — John Brennan, chairman emeritus and senior adviser at Vanguard Group Inc., talks with Bloomberg’s Margaret Brennan about the benefits of 401(k) and Individual Retirement Accounts (IRA) over a potential US government annuities plan. The US Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and IRAs into annuities or other steady payment streams. Brennan also discusses the likelihood of …

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Madoff hedge fund fraud and scam, destroying lots of people’s retirement funds.

Sponsored Enterprises is holding a hearing to assess the alleged billion investment fraud engineered by Mr. Bernard L. Madoff. This is the second in a series of hearings that will help to guide the work of the Financial Services Committee and the Capital Markets Subcommittee in the 111th Congress in undertaking the most substantial rewrite of the laws governing the US financial markets since the Great Depression. Rep. Gary Ackerman questioned witnesses from the Securities and Exchange.