Quote from the film “You’ve Got Mail” (Tom Hanks as “Joe Fox” to Meg Ryan as “Kathleen Kelly” as she asks for advice as to how her small neighborhood book store can compete with a large national bookstore chain): “The Godfather is the I Ching. The Godfather is the sum of all wisdom. The Godfather...

In our last blog posting, we summarized the Obama administration’s proposed financial services industry regulatory reforms, as set forth in its “New Foundation” white paper [1] . The following are some of the possible business impacts of the changes, if enacted into law: For hedge funds and...

On June 17, 2009, the U.S. Department of the Treasury issued a white paper entitled “Financial Regulatory Reform – A New Foundation: Rebuilding Financial Supervision and Regulation” (the “New Foundation White Paper”).(1) The New Foundation White Paper outlines the Obama administration’s proposals for...

On June 17, 2009, the U.S. Department of the Treasury issued a white paper entitled “Financial Regulatory Reform – A New Foundation: Rebuilding Financial Supervision and Regulation”(1). This document sets forth the vision of the Obama administration for a new federal regulatory regime for the U.S. financial...