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.
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.
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...
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 ...
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...
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 ...
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.
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...
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...
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.
Obama criticized the "reckless speculation and deceptive practices and short-sightedness and self-interestedness from a few." The audience included me...
Blue Dogs and other conservative Democrats -- uneasy with a key element of President Barack Obama's plan to regulate Wall Street -- are rallying aroun...
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.
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.
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.
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...
June 16 (Bloomberg) -- President Barack Obama, warning Wall Street not to forget how it almost caused the financial system to collapse, said "sensible...
American consumers have fallen victim to one financial scandal after another in the past decade, from accounting fraud at Enron to illegal late tradin...
In an interview with Bloomberg Television, President Obama said unemployment will reach 10 percent this year, even as the economy begins to emerge fro...
President Obama on Wednesday signed legislation aimed at curbing financial fraud in the mortgage and other industries, including a provision that crea...
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.
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...
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.