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Entries by Shahien Nasiripour from 09/2010

Megabanks Will Shrink, Bernanke Tells Financial Crisis Commission, Yet Doubts Over Too Big To Fail Remain

Posted 09.02.2010 | Business

In one of his most definitive statements on the subject to date, the nation's central banker said Thursday that he expects some of the nation's megaba...

Geithner Calendar: Met Goldman's Blankfein More Often Than Pelosi, Reid, McConnell, Boehner (EXCLUSIVE)

Posted 09.14.2010 | Business

Scroll down for the interactive chart of Geithner's schedule Treasury Secretary Timothy Geithner has met more often with Goldman Sachs CEO Lloyd Blan...

Elizabeth Warren To Lead Search For New Consumer Chief, Could 'Pull A Dick Cheney'

Posted 09.16.2010 | Business

In addition to being charged with forming the newly-created agency dedicated to protecting consumers from abusive financial products, Elizabeth Warren...

Jacob Lew, Obama Nominee And Former Citigroup Executive, Doesn't Believe Deregulation Led To Financial Crisis

Posted 09.21.2010 | Business

UPDATE: The Senate Homeland Security and Governmental Affairs Committee voted 9 to 0 on Tuesday morning in favor of Lew's nomination and referred him ...

Bernie Sanders To Vote Against Top Obama Nominee, Citing Ties To 'Failed Policies'

Posted 09.22.2010 | Business

A liberal senator plans to vote against confirming President Barack Obama's nominee for a top White House economic position. Sen. Bernie Sanders, a...

Obama Homeowner Program Hits 10-Month Low As Prices Drop And Foreclosures Surge

Posted 09.22.2010 | Business

The number of homeowners receiving permanent relief under the Obama administration's primary foreclosure-prevention initiative hit a 10-month low as h...

Larry Summers Replacement: Progressive Economists Offer Their Suggestions, 'No More Rubinites'

Posted 09.23.2010 | Business

Progressive economists have one piece of advice for President Barack Obama when it comes to replacing top economic adviser Larry Summers: No more Robe...

New Proof Wall Street Knew Its Mortgage Securities Were Subpar: Clayton Execs Testify

Posted 09.25.2010 | Business

During a little-noticed hearing this week in Sacramento, Calif., a firm hired by Wall Street to analyze mortgages given to borrowers with poor credit,...

Unemployment, Economy Forcing Savers To Give Up $5 Billion A Year

Posted 09.29.2010 | Business

Savers are giving up $5 billion in annual income as concerns about the dampening recovery and increasing unemployment push the prudent to keep their m...

Elizabeth Warren Extends Olive Branch, Borrows Idea From Lenders In First Major Speech

Posted 09.29.2010 | Business

In her first major speech as a member of the Obama administration, middle-class advocate Elizabeth Warren reached out to the heads of the nation's big...

Federal Reserve 'Will Be Gone' In 25 Years, Top Financial Mind Predicts, Despite Geithner's Vote Of Confidence

Posted 09.30.2010 | Business

A mere half-hour after Treasury Secretary Timothy Geithner praised the "necessary" and "very substantial" actions of the Bush and Obama administration...