Sentences with phrase «financial house of»

The financials are beyond me but a bunch of people who know this kind of stuff seem to agree that the structure is, to repeat what's now a cliche, a financial house of cards.

Using credit card balance transfers and debt consolidation loans for tidying up your financial house of blues may or may not work.

It suggests the person is one disruption away from having their financial house of cards collapse.

In fact, the collapse of the district's financial house of cards, in 2003, came after three straight years of tax cuts by the school board.

The economy was based on a financial house of cards, which came tumbling down in 2007.

Not exact matches

Rep. Jeb Hensarling, who chairs the House Financial Services Committee and will retire at the end of his term in 2018, remarked that President Donald Trump would expend less energy undoing the CFPB's actions if he removed Cordray.

The challenges facing the five men's successors, all chosen from within, include basement - dwelling interest rates, an ever - growing housing bubble, and the threat of disruption by financial technology upstarts.

The Bank of Canada's biannual Financial System Review provides a glimpse into what worries Stephen Poloz most — and housing isn't top of the list

These companies are regulated by the Office of the Superintendent of Financial Institutions, the Canada Mortgage and Housing Corporation (CMHC) and various provincial agencies.

It also vindicates Buffett «s confidence in Bank of America Chief Executive Brian Moynihan, who accepted his money when the bank was only midway through cleaning up balance sheet and litigation issues tied to the U.S. housing and financial crises.

Poloz's press conference followed the release of the central bank's December Financial System Review, which concluded that a record household debt burden makes Canada vulnerable to a housing crash, although policy makers see little reason to think that will happen.

Anecdotally, you could see this bias come in to play if you hear one millennial homeowner talk about how they've achieved some degree of financial success due to their own hard work, and another millennial blame their inability to buy a home on a housing market that was destroyed before they got there.

«The apprehensions series displays spikes that coincide with well - known episodes of increased illegal immigration into the United States, such as after the financial crisis in Mexico in 1995 or during the U.S. housing boom in the early 2000s,» they write.

In an interview with CNBC, former Trump campaign advisor Michael Caputo described the financial strain of being a witness in the House Intelligence Committee's investigation.

When the Canada Mortgage and Housing Corporation announced earlier this week that mortgage delinquency rates had fallen to the lowest level in decades during the fourth quarter, there was a rash of stories patting Canadians on the back for their financial prudence.

In January 2009, both The Wall Street Journal and Forbes cited Paul as one of the few who identified early on the formation of the housing bubble and the economic and financial market havoc that would ensue after the bubble inevitably burst.

Pretty much from his first statements as governor in 2013 — that's about $ 100,000 ago in real estate appreciation terms — through to last week when the bank released its latest financial system review, Poloz has walked a tightrope between admitting that elevated house prices and debt levels pose a risk to the economy, and assuring Canadians that the likelihood of a crash is actually pretty low.

Meanwhile, House Financial Services Chairman Jeb Hensarling, R - Texas, is about to introduce a new version of his bill to undo Dodd - Frank that is also expected to take aim at the CFPB.

Accordingly, a number of bloggers and many in the mainstream financial press presently appear to view a U.S. - style housing crash in Canada as a near certainty.

«As market conditions evolve... the Government of Canada will revisit these rules and make any necessary amendments deemed appropriate to ensure the long term stability of the housing market,» notes the second - quarter financial statements of Genworth.

Forcing different standards on banks and other financial services across the globe could spark the next financial crisis, the vice chairman of prominent U.S. clearing house DTCC said Friday.

• Pearson, a U.K. - based educational materials provider, is in talks with a consortium of Asian private equity houses to sell its English - language school unit for more than $ 350 million, according to the Financial Times.

It is anomalous to see financial journalists talk about the futility of market timing in the stock market but then give the impression houses should be sold to avoid an anticipated collapse in prices.

«Because we are in the hospitality and recreation business, which is largely dependent on discretionary spending,» the company's latest financial report explains, «we believe that the weak housing market, increases in unemployment, decreases in air flights to Las Vegas, decreases in the value of stock and other investments, and the general tightening of spending on business travel have all affected visitations to Las Vegas and the spending budget of our customers.»

(Undoubtedly, the recent stock market rally certainly has some Americans feeling a lot richer as well, but since average U.S. families tend to have most of its wealth tied up in real estate rather than the financial market, the impact of housing is probably the more relevant one.)

The House of Representatives averted a government shutdown on Thursday, narrowly passing a $ 1.1 trillion spending bill despite strenuous Democratic objections to controversial financial provisions.

Second, «recognizing that... monitoring of the financial sector will always be imperfect,» the Fed is also relying on tighter regulations and stress tests to ensure the biggest financial institutions can weather another crisis without brining down the house.

From 2008 to 2010, Milne threw himself into the world of payments, becoming an expert on the Automated Clearing House, the 40 - year - old electronic network between financial institutions that's a notoriously convoluted and complicated system.

Britain's House of Lords delivered a stinging assessment of the role «disconcertingly complacent» auditing firms played in the financial crisis.

During his imagined campaign, Franken painted his opponent as a tool of the financial industry and managed to win the White House despite insulting Iowa voters, making outlandish yet simple campaign promises, indulging his mood swings, and being accused of extramarital affairs.

«It is very strange, very strange that the two of them would be working for the support of this bill,» said Representative Maxine Waters, the top Democrat on the House Financial Services Committee.

The allegations come at a delicate time for the party, which needs to maintain its financial edge as it faces a wave of retiring House incumbents and an expensive Senate race in Florida.

In front of the House Financial Services Committee, Federal Reserve Chair Jerome Powell answers questions from Rep. Carolyn Maloney (D - N.Y.)

In May, Ben Rabidoux, an Ontario financial adviser (and an unapologetic renter) who runs the Economic Analyst blog, illustrated the unprecedented gap that's opened between the cost of renting and owning with a series of fever graphs charting rents and housing prices in seven cities across the country.

, a vice-chairman on the House Financial Services Committee, has sent a blistering letter to Federal Reserve Chair Yellen telling her in no uncertain terms to stop cooperating with other central banks and insurance supervisors over global rules of conduct, at least until the new administration has given her a clear political line to follow.

Jerome Powell, Chairman of the Federal Reserve Board, testifies during a House Financial Services Committee hearing on Capitol Hill in Washington, DC, February 27, 2018.

Vulnerabilities linked to greater imbalances in regional housing markets and the continued rise of household debt were higher than they were six months ago, the bank said in its latest financial system review.

The backbone of the housing market overhaul is the so - called Dodd - Frank law, a bill passed by Congress in 2010 that also sets out the general principles for shaking up Wall Street and the financial sector.

«So I think each of us is going to be taking the developments since the December meeting into account and writing down our new rate paths as we go into the March meeting, and I wouldn't want to prejudge that,» he said, in comments before the House Financial Services Commitee.

Finally, there is none of the wild financial engineering that Wall Street undertook to profit off America's housing mania at the turn of the millennium.

As a result, since 1990, only about 1 million HECMs have been issued, according to the Department of Housing and Urban Development, with almost half of those originating between 2007 and 2011, when the financial crisis hammered Americans» retirement savings.

It probably wouldn't be a sound financial decision to house your new tattoo parlor in the middle of a retirement community.

«Confidence» was the theme of Poloz's opening statement before the House of Commons Finance Committee, which identified a need to restore the faith of Canadians in pursuing business opportunities following the shake - up of the global financial crisis.

Republicans have called on the House Financial Services Committee to hold a hearing, while Democratic Congressman Dennis Kucinich, chairman of the domestic policy subcommittee of House Oversight Committee, is planning his own probe.

He's accused Clinton of meeting with global financial powers to «plot the destruction of U.S. sovereignty» and argued his opponent shouldn't have even been allowed to seek the White House.

Abrams, who had the misfortune of taking over just before the financial crisis of 2008 crushed the sales of anything relating to houses, earned praise for running the company leanly during trying times.

Although Hensarling, who chairs the House Financial Services Committee did not respond to a request for comment, he has said the battle over the bank is one of philosophy, which for conservatives dictates that the government should stay out of free enterprise.

While they can reward hardworking employees, options also smack of financial and accounting gimmickry that could someday collapse a company's equity like a house of cards.

Her testimony before the House Financial Services Committee and the Senate Banking Committee will include the Fed's semi-annual Monetary Policy Report, as Yellen is expected to shed some light on how the Fed views the prospects of the U.S. economy while outlining how the central bank intends to proceed over the next few months.

The House set the ball in motion recently, passing legislation to repeal and replace key components of financial reform put in place in 2010.