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Obama Wall Street

Obama, the Marxist?

Alex Castellanos | Posted 05.25.2011 | Politics
Alex Castellanos

Since he debuted on the political stage with the keynote address at the 2004 Democratic Convention, Republicans have suspected that Barack Obama was a Marxist. It turns out they were right: He's Groucho.

Sam Stein

White House Chief Of Staff Pressed About Lack Of Jail Time For Wall Street Culprits

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

WASHINGTON -- White House Chief of Staff Bill Daley declined on Sunday to bring the president into the debate over why no major player in the collapse...

Shahien Nasiripour

Financial Crisis Prosecutions On Wall Street Slow To Develop Despite Cries For Justice

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

NEW YORK -- After the last major banking crisis, some two decades ago, roughly 3,800 bankers were prosecuted and sentenced to prison terms, by the Jus...

Where's the Protest at Home?

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

The next time I cross paths with a robust protest march, I'd like to see citizens protesting the wreckage of American prosperity by Wall Street and the too feeble response by our government.

Barack Obama -- Out of the Closet

Michael Brenner | Posted 05.25.2011 | Politics
Michael Brenner

Obama hides his unconditional surrender behind clichés about bipartisanship and compromise -- while putting on a stern countenance and turning his fierce rhetoric against those unspeakable purists whom he has just sold out.

Shahien Nasiripour

Obama's Next Chief Of Staff Has Millions In JP Morgan Stock

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

President Barack Obama's next chief of staff holds more than $7.6 million worth of stock in JPMorgan Chase, according to a regulatory filing. William...

For Wall Street: A Loyalty Oath -- to Main Street

Carla Seaquist | Posted 05.25.2011 | Business
Carla Seaquist

If Main Street takes another shellacking from Wall Street, expect a revolution mounted by Main Street, one that will make the Tea Party's anger seem, in comparison, tepid.

Jason Linkins

Obama Needs To Coddle Wall Street Even More Or He's Doomed, Argues Politico

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Politics

Politico has a cover story today filled with lament over that time the Obama administration was mean to the business community. Doesn't Obama want to extend his political career? Isn't that the whole point of being president?

Think Big Bankers Are Republicans?

Charles Gasparino | Posted 05.25.2011 | Books
Charles Gasparino

Conventional wisdom has it that Wall Street is the ultimate bastion of free-market capitalism and that the big bankers are, of course, diehard Republicans, red to the core. But the truth is far from that.

Marcus Baram

Fox Biz Reporter's Book Claims Obama Has 'Unholy Alliance' With Wall Street

HuffingtonPost.com | Marcus Baram | Posted 05.25.2011 | Books

The first half of Fox Business Network financial reporter Charlie Gasparino's new book, "Bought and Paid For: The Unholy Alliance Between Barack Obama...

When Hedge Fund Managers Talk, Andrew Ross Sorkin Transcribes, Uncritically

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

You can't buy the kind of free publicity extended by today's New York Times, which quotes extensively from Daniel Loeb's political rant in, "Why Wall St. Is Deserting Obama," a 1,200-word piece devoid of critical analysis.

Daniel Loeb, Hedge Fund Manager, Blasts Obama Administration's 'Wealth Redistribution'

Posted 05.25.2011 | Business

A hedge fund manager's latest letter to investors has caused something of a stir among financial pundits, drawing comments from Paul Krugman, Andrew R...

How Obama Got Rolled By Wall Street

Newsweek | Michael Hirsh | Posted 05.25.2011 | Politics

Barack Obama was "incredulous" at what he was hearing, said one of his top economic advisers. The president had spent his first year in office oversee...

Wall Street Marks Best Month in a Year in July

Reuters | Edward Krudy | Posted 05.25.2011 | Business

NEW YORK (Reuters) -- U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season round...

Sam Stein

Cantor Rakes In Wall Street Donations After Questioning Obama's Commitment To Finance Industry

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

Back in February 2010, House Minority Whip Eric Cantor (R-Va.) made a pitch to the titans of the financial services industry. "I sense a lot of dissat...

Barack Obama Signs Sweeping Wall Street Reform Bill

AP | JIM KUHNHENN | Posted 05.25.2011 | Politics

WASHINGTON — Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul ...

Obama Slams GOP For Obstructing Wall Street Reform, Being Out Of Touch On The Economy

AP | JULIE PACE | Posted 05.25.2011 | Politics

RACINE, Wis. — Sensitive to election-year resentment over big government, President Barack Obama declared Wednesday he intends to get "our debt ...

Dear Frank Rich: Wall Street Reform is an International Opportunity

Steven G. Brant | Posted 05.25.2011 | Business
Steven G. Brant

It is the culture underlying our international economic system we must examine, if we are to eliminate the root cause of this crisis.

'SNL' Takes On Obama's Latest Attempt For Financial Reform (VIDEO)

Posted 05.25.2011 | Comedy

'SNL' opened last night with Obama (Fred Armisen) addressing the nation after his latest attempt to convince Wall Street that reform was needed. Despi...

Bill Lucey

Obama Cooper Union Speech: Reforming Wall Street Is Good For Main Street

HuffingtonPost.com | Bill Lucey | Posted 05.25.2011 | Business

Far from the high-pitched partisan rhetoric so prevalent during the health care debate, President Obama's financial regulatory reform address at Coope...

The F Word: Economy is in the Eyes of the Beholder

Laura Flanders | Posted 05.25.2011 | Business
Laura Flanders

In the U.S. right now, some see robust growth, others a limping progress. Where Tim Geithner sees gentle waves, New York Times business reporter Gretchen Morgenson sees tsunamis.

Sam Stein

Obama Wall Street Speech Set, President Will 'Go Big' On Reform

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

In late August, when town hall protests were putting the prospects of health care reform in doubt, the president's senior advisers convened in the Whi...

Does Size Matter? Simon Johnson vs. Paul Krugman on Whether to Break Up "Too Big to Fail" Banks

Miles Mogulescu | Posted 05.25.2011 | Business
Miles Mogulescu

Paul Krugman and Simon Johnson are two of my favorite economic commentators, but when it comes to the issue of breaking up mega-banks, they take dramatically opposing positions.

Obama Planning Get-Tough Approach To Congress On Financial Reform

Politico | MIKE ALLEN | Posted 05.25.2011 | Politics

An emboldened President Barack Obama will take a stronger hand with Congress in coming weeks, planning to push lawmakers to pass new regulations for W...

Psychoanalyzing The Relationship Between Obama And Wall Street

New York Magazine | John Heilemann | Posted 05.25.2011 | Politics

Thirty-eight hours after Scott Brown's smack-upside-the-head victory in the race for Ted Kennedy's former Senate seat, Barack Obama took the podium in...