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Obama Wall Street

Obama's Tiny Jobs Ideas for Main Street, A Big Spending Freeze for Wall Street

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Obama's three-year freeze on a most discretionary spending will make it impossible for him to do much of anything for the middle class that's important. Chalk up another win for Wall Street, another loss for Main.

Why Obama Is (Finally) Taking on Wall Street

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Democratscan't target big government because Republicans do that one better, especially when they're out of power. So what's the alternative? Wall Street.

Ryan Grim

Capuano Rips White House: 'Played Footsies With Wall Street From Day One'

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

A House Democrat from Massachusetts who finished second in the Senate primary against Martha Coakley is lashing out at the White House for playing "fo...

James Pethokoukis: Wall Street Could Be Brown win could spark Obama war on Wall Street

Reuters | James Pethokoukis | Posted 05.25.2011 | Business

The result ends the Democratic supermajority in the Senate and leaves key parts of the Obama agenda in deep trouble. But the biggest loser just might ...

Sam Stein

Obama Pushed On Bank Bonuses, As Party Standing Suffers

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

As the White House pivots to a more anti-Wall Street populist posture -- in the wake of a potential loss in the Massachusetts Senate race -- legislati...

Simon Johnson: Democrats Likely To Lose In November Unless They 'Run Hard' Against The Big Banks Now

baselinescenario.com | Simon Johnson | Posted 05.25.2011 | Business

The theme for the November midterms should be: Which part of the 8 million jobs lost [since December 2007] do you not understand? The big banks must ...

Bank Weekend...

Bob Dowling | Posted 05.25.2011 | Business
Bob Dowling

I haven't seen any polls on a breakdown of trust, polls saying how the public feels about WashWall, the entity. The president has been blasting Wall Street since he took office. Much talk, no action.

Why Taxing Wall Street Makes Sense

Neil K. Shenai | Posted 05.25.2011 | Business
Neil K. Shenai

The logical merits of the responsibility fee on banks remain, despite political posturing from the measure's detractors. Here are two reasons why.

Obama Hosts Fundraiser In New York City, With Wall Street In Tow

The Huffington Post | Rachel Weiner | Posted 05.25.2011 | Politics

President Obama is hosting a swanky fundraiser at the Mandarin Oriental in New York tonight -- and about a third of the 200 Democratic donors attendin...

Krugman: Obama Intimidated By Wall Street Scare Stories

The New York Times | Paul Krugman | Posted 05.25.2011 | Politics

A funny thing happened on the way to a new New Deal. A year ago, the only thing we had to fear was fear itself; today, the reigning doctrine in Washin...

Why Obama Must Take On Wall Street

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Five giant Wall Street banks now dominate US finance. Why isn't anyone discussing trust-busting? No one has offered a clear reason why such giant banks are important to the US economy. Logic and experience suggests the reverse.

President Obama Takes On Wall Street In New York City Fundraiser

thehill.com | Posted 05.25.2011 | Politics

Obama criticized the "reckless speculation and deceptive practices and short-sightedness and self-interestedness from a few." The audience included me...

Blue Dogs Aim To Scrap Obama's Financial Product Safety Commission

Politico | Victoria McGrane | Posted 05.25.2011 | Politics

Blue Dogs and other conservative Democrats -- uneasy with a key element of President Barack Obama's plan to regulate Wall Street -- are rallying aroun...

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.

The Mugging of the Common Good

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

These next months are the reckoning. The president and the Congress will step up to the reforms the country needs -- or they will fail the nation in a time of peril. We cannot afford another lost decade.

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 Warns Wall St. About Financial ‘Abyss'

bloomberg.com | 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: 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 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

HuffingtonPost.com | 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.