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Entries by Ryan Grim from 05/2009

In Their Own Words: Why Dem Senators Screwed Homeowners

Posted 05.01.2009 | Politics

Only 45 Senate Democrats voted Thursday to oppose the banking industry and pass legislation aimed at stemming foreclosures. The bill would have allowe...

Ben Nelson Plans To Oppose Public Health Plan

Posted 05.01.2009 | Politics

Sen. Ben Nelson (D-Neb.) said Friday that he will oppose legislation that would give people the option of a public health insurance plan. The move put...

Liddy Letter: AIG Plans To Award Bonuses Even If Taken Over By US

Posted 05.02.2009 | Politics

Even if the U.S. government were to entirely take over American International Group, company executives would still be able to collect bonuses at taxp...

Soldiers In Afghanistan Given Bibles, Told To "Hunt People For Jesus" (VIDEO)

Posted 05.04.2009 | World

A U.S. church raised money to send Bibles, printed in the Pashtu and Dari languages, to American soldiers stationed in Afghanistan, a report on Al Jaz...

Credit Card Deal In Works As Senators Work Through Weekend

Posted 05.04.2009 | Politics

Senate negotiators worked through the weekend to come up with a bipartisan compromise on reform legislation that seeks to rein in deceptive credit car...

White House Aide: "We Love MSNBC"

Posted 05.04.2009 | Media

Ever wonder what administration officials think of MSNBC, the cable home of Chris Matthews, Keith Olbermann and Rachel Maddow? White House adviser Ka...

Pelosi, Obey Emphasize Agreement With Obama On Gitmo

Posted 05.04.2009 | Politics

President Obama, House Speaker Nancy Pelosi (D-Calif.) and appropriations committee chair David Obey (D-Wisc.) are in full agreement regarding the clo...

Chuck Schumer Optimistic On Fate Of Credit Card Reform

Posted 05.05.2009 | Politics

For Chuck Schumer, credit card legislation now in the Senate passes the O'Halloran's Pub test. The effort to reform the bankruptcy code to stave off f...

Creditors May Have Pushed For Chrysler Bankruptcy To Rake In Bailout Cash

Posted 05.05.2009 | Business

The White House, auto executives and union representatives were all able to come to an agreement last week to keep Chrysler out of bankruptcy. But the...

Arnold: Time To Talk About Legalizing Pot

Posted 05.05.2009 | Politics

California Governor Arnold Schwarzenegger called on Tuesday for an open debate on legalizing and taxing marijuana. A recent Field Poll showed that 56 ...

Schumer Puts Health Care Ball In Nelson's Court

Posted 05.06.2009 | Politics

Sen. Ben Nelson (D-Neb.) dealt a blow to health care reform last week when he said that any overhaul that involved the creation of a public plan that ...

What Could $33.9 Billion Buy You?

Posted 05.06.2009 | Politics

The Treasury's stress test has reportedly determined that Bank of America will need another $33.9 billion in fresh capital to cushion itself against f...

Fed Inspector General Knows Roughly Nothing About The Fed (VIDEO)

Posted 05.06.2009 | Politics

The inspector general tasked with overseeing and auditing the Federal Reserve knows pretty much nothing about what the Fed is doing. That's the conclu...

Confirmed: Barofsky Investigating Chrysler Bond Holders

Posted 05.06.2009 | Business

Neal Barofsky is wasting no time investigating Wall Street banks and hedge funds who may have purposely driven Chrysler into bankruptcy in order to ca...

Majority Of Americans Want Pot Legalized: Zogby Poll

Posted 05.06.2009 | Politics

A majority of Americans, in a poll released Wednesday, say it "makes sense to tax and regulate" marijuana. The Zogby poll, commissioned by the conserv...

Foreclosure: In The Midst Of Crisis, No Reliable Data

Posted 05.06.2009 | Politics

On Wednesday, both the House and Senate took up bills aimed holding back the wave of foreclosures drowning homeowners. Just how bad is the crisis? No...

Trey Anastasio, Phish Frontman, Tells Addiction Story On Capitol Hill, Lobbies For Drug Courts

Posted 05.07.2009 | Politics

Phish's floppy-haired frontman is sporting a sharp, navy blue suit, which can only mean one of two things. And he isn't in a courtroom, so he must be ...

Obama Budget Bans Federal Funding For Needle Exchange, Breaking Campaign Pledge

Posted 05.07.2009 | Politics

President Obama's budget released Thursday takes a step backward from a controversial political position he had taken during the presidential campaign...

Senate-Passed Bill Would Bring Sunlight To Fed

Posted 05.08.2009 | Politics

A last-minute amendment to the bankruptcy reform bill passed in the Senate Wednesday opens the Federal Reserve to congressional scrutiny. The amendm...

Handwritten Notes Show Fed Oversight Bill Neutered On Senate Floor

Posted 05.08.2009 | Politics

Legislation to give Congress greater oversight of the Federal Reserve was severely watered down on the Senate floor Wednesday in private negotiations ...

Pete Sessions: Obama Hurting Economy To Consolidate Power

Posted 05.11.2009 | Politics

Rep. Pete Sessions, head of the House Republican committee tasked with electing more GOP members, has a unique theory as to why unemployment continues...

Credit Cardholders' Bill Of Rights Hits Floor Tuesday: Read It

Posted 05.11.2009 | Politics

The Senate takes up the Credit Cardholders' Bill of Rights on Tuesday, a package sponsored by Sen. Chris Dodd (D-Conn.) that seeks to rein in certain ...

Dodd: Movement To Cap Credit Card Interest Rates Growing

Posted 05.12.2009 | Politics

Sen. Chris Dodd (D-Conn.) released the text of his credit card reform package on Monday and we posted it online, asking for your thoughts. More than 9...

Predatory Lending Legislation On Hold In Senate: Dodd

Posted 05.12.2009 | Politics

Predatory lending legislation passed in the House last week will have to get in line in the Senate, Sen. Chris Dodd (D-Conn.) said Tuesday. "We'll ge...

Subprime Prosecution Stops Foreclosures But Lets Goldman Sachs Off Hook

Posted 05.12.2009 | Politics

Massachusetts Attorney General Martha Coakley won a victory against the Goldman Sachs Group Monday, forcing the financial firm to cut a $10 million ch...