iOS app Android app

Obama Wall Street

We Need to Support Obama in Overhauling the Financial Industry, Before it's Too Late

John Atlas | Posted 05.25.2011 | Business
John Atlas

I believe its time for the government to exert tough new control over the financial services industry. Polls show that a majority of the American people agree.

Hallelujah, Salvation Is At Hand! Or Is It?

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Fundamental problems are not being resolved, but rather papered over: the excess debt of low quality, excess speculation in the financial markets and mushrooming debt and deficits.

Clinton Labor Secretary: Obama's Wall Street Plan "Does Not Measure Up"

Salon | Robert Reich | Posted 05.25.2011 | Politics

The plan doesn't stop bankers from making huge, risky bets with other people's money. It does increase capital requirements and oversight, but it does...

Obama: Unemployment At 10% This Year, Recovery Soon

The Huffington Post | Posted 05.25.2011 | Business

In an interview with Bloomberg Television, President Obama said unemployment will reach 10 percent this year, even as the economy begins to emerge fro...

Obama Warns Wall St. About Financial ‘Abyss' | Robert Schmidt | Posted 05.25.2011 | Business

June 16 (Bloomberg) -- President Barack Obama, warning Wall Street not to forget how it almost caused the financial system to collapse, said "sensible...

Obama's Financial Reform: The Impact On Consumers

AP | DAVE CARPENTER | Posted 05.25.2011 | Business

American consumers have fallen victim to one financial scandal after another in the past decade, from accounting fraud at Enron to illegal late tradin...

Obama Signs Financial Investigation Bill

The New York Times | Kate Phillips | Posted 05.25.2011 | Business

President Obama on Wednesday signed legislation aimed at curbing financial fraud in the mortgage and other industries, including a provision that crea...

Obama Credit-Card CEOs Meeting: President To Push New Rules

AP | BEN FELLER | Posted 05.25.2011 | Politics

WASHINGTON — President Barack Obama said Thursday he is determined to get a credit-card law that eliminates the tricky fine print, sudden rate i...

Obama's Credit Card Dog Day Afternoon

Stuart Whatley | Posted 05.25.2011 | Politics
Stuart Whatley

In the current system, credit card companies do not provide an essential service anymore; it's more a societal stranglehold -- a gun to the head of the middle class.

Sam Stein

WH Advisory Board Member: Confident In Obama, Worried About Wall Street Influence | Sam Stein | Posted 05.25.2011 | Politics

Firmly backing the president's agenda, a key member of the White House Economic Recovery Advisory Board nevertheless said on Friday that he was concer...

Best Month In the Market in 7 Years? Who Cares?

Ian Welsh | Posted 05.25.2011 | Business
Ian Welsh

Repeat after me: The market is not the economy. Of course the market is doing well. The administration promised to put around 2 trillion more dollars into it in various forms.

Obama Dials Down Wall Street Criticism

Wall Street Journal | MONICA LANGLEY | Posted 05.25.2011 | Politics

WASHINGTON--The Obama administration, after months of criticizing Wall Street, has been scrambling to woo top bankers and financiers to back its lates...

Sam Stein

Gibbs: Not Interested In Popularity Contest Among Newspaper Economists | Sam Stein | Posted 05.25.2011 | Politics

The Obama administration is not in the business of winning "a popularity contest among economists that are interviewed by newspapers," the president's...

Sam Stein

Kudlow Attacks Obama By Defending Corporate Tax Havens | Sam Stein | Posted 05.25.2011 | Politics

On Wednesday morning, the Republican National Committee sent reporters a segment of Larry Kudlow blasting the president's economic policies, in which ...

Sam Stein

Obama Touts Main Street Success As Wall Street Plunges | Sam Stein | Posted 05.25.2011 | Politics

The Obama administration hosted an event at the Department of Transportation on Tuesday to mark the first case of stimulus money creating infrastructu...

Obama: Wall Street Bonuses "Shameful" (VIDEO)

AP | Posted 05.25.2011 | Politics

President Barack Obama responded Thursday to a front page story in the New York Times which reported that Wall Street handed out $18.4 billion in bonu...

Obama Calls Wall Street Plan "Inadequate"

Wall Street Journal | Posted 05.25.2011 | Politics

Sen. Barack Obama described the Bush administration's sweeping changes to financial market regulation as "inadequate" on Saturday. While noting that ...