Obama's endorsement of what he calls the "Volcker Rule" for once puts him squarely on the side of ordinary Americans as opposed to the banking bandits who have so thoroughly fleeced the public.
Obama's plan to unveil tonight a non-defense discretionary spending freeze for the next three years will essentially forfeit America's growth future to China. The President, one year into his job, and still dealing with the tail winds of the worst economic disaster in global markets and the U.S. economy since the Great Depression, is saying that he is going to freeze spending on virtually everything but the wars we have on hand. America needs to invest in itself.
Citigroup and Bank of America crippled the banking system more than most people know; but Paul Volcker, one of the few who could bring our banking system in line, knows. There's nothing he doesn't know.
By Zach Carter, Media Consortium Blogger Progressives have waited a year for President Barack Obama to roll up his sleeves and fight for serious finan...
Obama's last minute conversion to Volckerism is less about commonsense and more about politics. Look for a watered down proposal that does little to address the actual problem on Wall Street.
It's not hard to connect the dots: That bonus money comes directly and indirectly from taxpayer bailouts to Wall Street. That's our money. Take it back and create jobs with it.
Since Democrats are taking some time to figure out what to do next, we shall do the same here, and skip over the entire health care reform subject, after highlighting two hilarious commentaries on the situation.
No one is better positioned to crack down on Wall Street excesses and push through genuine deficit reduction than Paul Volcker.
Twenty-four hours after the president's big announcement there's still an awful lot of head scratching going on about the Volcker Plan.
Democrats are now faced with a choice they clearly didn't want: forcefully reject the corporate agenda, or risk losing to opponents who can attract an unlimited flow of corporate dollars.
In one corner, weighing in at several trillion pounds, much of it in debt, is the vast, dissatisfied, embittered, jealous, angry American public. In the other corner: Wall Street.
What has the financial crisis taught us? Among other things, we should show Bernanke and Geithner, enablers from the previous administration, the door.
It is always too easy to criticize reform for not going far enough. However, the nature of this proposal seems to indicate that Obama still does not understand the scope of the problem.
President Obama seems positively peevish in the aftermath of the MA Senate results. As predicted, the wrath of his anger will now be directed towards ...
Obama proposal to rein in banks is overdue. That it required the wake up call in Massachusetts is unfortunate. It again leaves the Obama team appearing to be behind, not ahead, of the issues.
Regulating exchanges, and special bankruptcy proceeding for financial firms: we've done this before in the New Deal, we just never upgraded it for a new century.