Car Dealers Exempt From New Consumer Protection Agency
The House Financial Services Committee approved a key amendment Thursday, 47-21, to keep automobile dealers exempt them from a new government consumer protection agency.
The House Financial Services Committee approved a key amendment Thursday, 47-21, to keep automobile dealers exempt them from a new government consumer protection agency.
We're gathering outside the American Bankers Association meeting to demand reform that will allow us to rebuild our communities, our lives and the real economy. We've got a lot to rebuild.
Whatever Obama decides to do in Afghanistan is of little consequence compared to Wall Street's ongoing "plutonomy."
Tim Geithner, I know what you did last summer. And last spring. And most of last winter, too. That's because the media is obsessed with your calendar ...
With efforts to rebrand America's national identity in the electronic media falling flat like a bad online date, taking away the dollar's too big to fail status might be the better wake up call.
What is "free trade"? What is "fair trade"? "Weak dollar" policy? "Strong dollar" policy? Most people don't know so conservatives can easily come in and label something as fair trade that isn't necessarily good for anyone.
Goldman was not assisted by the government to become a voracious and even heftier investment bank. Rather, one can presume that the government's assistance was to prevent systemic failure.
Despite trillions of dollars in bailout money, bank loans fell to their lowest rate since the onset of the Great Depression. Now that the Fed has done all they can, is it time for the states to step in?
Before Ben Bernanke is reconfirmed for a second term, we think the Senate and American public should know who got the $2 trillion the Federal Reserve has lent out over the last two years.
While many are determined to cut expenses and save as much money as they can, they're still missing one gigantic point. Things will never be the way they were.
It is scandalous that those in government vested with the responsibility of financial oversight have permitted a culture of "heads they win, tails we lose" to take hold and to grow into a financial Frankenstein.
The real issue for regulators around the globe is a serious definition of the financial world we want to live in. The current focus nearly exclusively on the banking sector could cause authorities to miss the broader picture.
It has struck me that those who are in charge -- from the White House, through the gleaming halls of Congress and around plump Wall Street -- all feel genuinely that they are right, that they are good.
The market has had the biggest six month rally since the 1930s and stocks cannot go up forever. We can't time the sell-off, but we can prepare for one of its likely causes: inflation.
The higher the amount of testosterone, the more willing people are to take risks. Women, with considerably less of the male hormone coursing through their bodies, are more risk averse.
How can the Treasury, White House, and Congress be so tone deaf to calls to stop the massive give-away to the same people who got us into this mess?
The economy may be in a technical recovery but this is not a real recovery and the "green shoots" or "positive signs" that Wall Street cheerleaders love to shout about are phantoms of their ever-optimistic imaginations.
Greenspan's ability to make these kinds of public financial predictions without fear of being pelted by rotten tomatoes is facilitated by America's proud tradition of rewarding white collar failure.
The U.S. can settle its debts and get its own house in order, but that would cause world trade to contract. A substitute global reserve currency is needed to fuel the global economy while the U.S. solves its debt problems.
Small business owners who are hanging on for dear life won't find any answers on the SBA's YouTube channel.
Uncle Sam has to ease out of banking, autos and all the programs authorized under the Obama stimulus bill without either starving the recovery or feeding inflation.