Tagged: Treasury

Tax hikes for investment partnerships

A long fight over how the federal government taxes investment partnerships is ending as Senate Democrats now plan to more than double taxes on private-equity, hedge-fund and certain real-estate managers.  It would no longer let people running such partnerships pay the lower capital-gains taxes on what were basically wages.  The tax hike on “carried interest” expected […]

Treasury’s bank “stress tests” becoming a mess

School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, says Treasury’s “stress tests” for top U.S. banks is a mess because it only disclosed the test methodology just before the test results will be made public. “For credibility purposes, this […]

Geithner calls for major overhaul of financial rules

Boston University Law School professors react to Treasury Secretary Geithner’s wide-ranging plan to overhaul financial regulation. Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors: “Secretary Geithner has kicked off the debate over regulatory reform starting with systemic risk.  Regrettably, the proposals […]

Public/private partnerships to buy toxic assets

School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Overseers, says Treasury’s plan to buy up toxic bank assets is thin on inducements for private investors to get involved. “It appears that the plan is going to be very heavy on […]