Obama Urges Tougher Laws on Financial Fraud Essay

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Obama Urges Tougher Laws on Financial Fraud

In the wake of the Wall Street bank bailouts and the various security fraud cases that have occurred nationally the Obama administration has been under pressure to enact new legislation that effectively prosecutes financial fraud cases. Critics have argued that financial regulators have lacked the tools necessary to properly investigate and prosecute the financial executives who were responsible for the near collapse that occurred in late 2008. The article, however, points out that the proposed Obama legislation has little chance of passing Congress due to election pressures and the acrimonious atmosphere on the Hill. Recent efforts by the S.E.C. To enforce existing security laws have met with little success due to the inherent weaknesses in such laws.

Week Two: January 27, 2012

Low-ball bidders in many markets learn they can no longer get a steal on a house [HIDDEN]

For several years the housing market has suffered badly from low demand and high supply. The result has been a buyer's market where houses could be purchased far below market value and many speculators have been able to purchase houses, apartments, and condos and make huge profits. There are signs now that indicate that the market is changing and that, due to declining inventory levels, purchasers offering low ball offers are now going wanting relative to said offers. Real estate agents across the country claim that low ball offers are now far less successful than they were just several months ago and there are signs that the market is beginning to level out and that more and more sellers are beginning to receive offers near their asking price.

Week Three: March 7, 2012

Boston cabdrivers sue city and fleet owners http://www.llrlaw.com/pdfs/IC_03_08_2012.pdf

In this article a lawsuit filed by two Boston taxi cab drivers is reviewed.

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The theory of the litigation, filed against the City of Boston and private fleet operators, alleges that cab drivers in Boston have been wrongfully classified as independent contractors and that, as a result, they are working for wages that fall far below minimum wage levels. The two cab drivers filing the action are attempting to have the action declared a class action case so that it could include the hundreds of cab drivers currently working in the Boston area under the same circumstances. The action alleges that Boston cab drivers occupy a position that more closely approximates actual employees and that the only reason that they are being classified as independent contractors is to protect the financial interests of the cab company owners.

Week Four: March 26, 2012

As Health Law Is Contested, Developing a Plan B

[HIDDEN]

The precarious status of the Affordable Care Act has state officials and insurance company executives feeling insecure regarding how to proceed in the near future. As a result, these individuals are planning a variety of options that depend entirely on how the U.S. Supreme Court rules in regard to the Affordable Care Act. Many of the contingencies being planned are focused on the mandate portion of the Affordable Care Act and the article details how several of the major states are planning to proceed if the mandate portion of the Act is found to be unconstitutional.

Week Five: April 6, 2012

'medical-loss ratio' provision would have generated over $100 million in customer rebates in Illinois

[HIDDEN]

This article details how new regulations contained in the newly enacted national health insurance bill would have resulted in a large percentage of insured Illinois residents receiving a rebate from their insurance companies.….....

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Latest APA Format (6th edition)

Copy Reference
"Obama Urges Tougher Laws On Financial Fraud" (2012, April 21) Retrieved June 25, 2025, from
https://www.aceyourpaper.com/essays/obama-urges-tougher-laws-financial-fraud-79429

Latest MLA Format (8th edition)

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"Obama Urges Tougher Laws On Financial Fraud" 21 April 2012. Web.25 June. 2025. <
https://www.aceyourpaper.com/essays/obama-urges-tougher-laws-financial-fraud-79429>

Latest Chicago Format (16th edition)

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"Obama Urges Tougher Laws On Financial Fraud", 21 April 2012, Accessed.25 June. 2025,
https://www.aceyourpaper.com/essays/obama-urges-tougher-laws-financial-fraud-79429
   

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