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Well, not quite all-out. The big holdout on price cuts is TD Ameritrade. But industry watchers say they'll be the next to act. "I think a move is imminent for TD Ameritrade," says David Lo, director of investment services at J.D. Power & Associates. "[Their trading fees] are higher than everyone else so they almost have to do something." (See the best business deals...
...perpetual favorite among economic bloggers, former University President Lawrence R. Summers is on the shortlist for working to repeal the Glass-Steagall Act and collaborating with Greenspan and Wall Street to prevent efforts to regulate derivatives...
...burglar unconscious, but not continue to beat him whilst he is harmless), which seems justified. However, it came under question when Hussein continued to attack once the burglar had left the home. Although strictly against the law, Hussein’s family had just been tied up and he acted under extreme distress and anxiety. To pursue a man down the street is not technically self-defense, but under the exceptional conditions, it’s clear that Hussein’s act should not be treated as a typical act of violence...
...Proof that much work remains to combat both was provided on Feb. 4 when the U.S. Senate's subcommittee on investigations released its inquiry into money transfers from top African officials to the U.S. via loopholes in a section of the Patriot Act designed to crack down on illegal terrorism financing. The 330-page report scrutinized moves by top political, economic and business leaders from the notoriously corrupt nations of Angola, Equatorial Guinea, Gabon and Nigeria to determine if they either violated or sought to side-step laws prohibiting money laundering. The report not only found evidence that several powerful...
...That's because the law itself created the means for the PEPs in the Senate investigation to gain that access. The Patriot Act made it illegal for individuals or businesses in the U.S. to accept money generated by corruption abroad, deeming it as being complicit to money laundering. But in doing so, the law exempted hedge funds, realtors and escrow agents, and made it possible for foreign officials to use American lobbyists, lawyers and university officials to get around the money laundering...