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David Tepper: US is on the Verge of an Explosion of Greatness

David Tepper Interview Still

David Tepper, founder of Appaloosa Management, told Bloomberg Television's Stephanie Ruhle on 'Market Makers Tuesday that he's 'going to come out of the closet right now…we are bullish… This country is on the version of just an explosion of greatness. Do you like that ? Explosion of greatness'.

Egan-Jones and Founder Agree to 18-Month Bars from Rating Asset-Backed and Government Securities Issuers as NRSRO

SEC Logo

The Securities and Exchange Commission has announced that Egan-Jones Ratings Company (EJR) and its president Sean Egan have agreed to settle charges that they made willful and material misstatements and omissions when registering with the SEC to become a Nationally Recognized Statistical Rating Organization (NRSRO) for asset-backed securities and government securities.

SEC Seeks to Break From Its Troubled Past

Wall Street

It is hard to imagine things getting any worse at the Securities and Exchange Commission than they were when the Bernard Madoff and Allen Stanford scandals came to light four years ago, and even some of the agency's harshest critics now say things have gotten a whole lot better.

Deutsche Bank Pays $1.6m to End U.S. Trading Probe

Deutsche Bank - External

The Federal Energy Regulatory Commission has approved a settlement between its Office of Enforcement and Deutsche Bank Energy Trading LLC to resolve an Order to Show Cause proceeding regarding manipulation of California power markets.