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Now that the election is behind us the focus in Washington has shifted to the fiscal cliff, with the President and Congressional leaders meeting at the end of the week after both sides publicly floated their opening negotiating positions
On Sunday, Spain announced that it would be seeking a bailout and the Eurozone banks agreed to lend Spain 100 billion euros ($125 billion dollars) in order to stabilize its banks
With the House of Representatives in Recess this past week all action was found in the Senate where the Banking Committee heard from emboldened regulators seeking to capitalize on the events of the JP Morgan trading loss as justification for tougher regulation and strong implementation of the Dodd-Frank Act, in addition to considering legislation to help spur refinancing and aid the Housing market
It was only fitting that in a week where we honor Americas worst weatherman, err rodent that the week ended with a jobs creation announcement that shattered predictions
