Testy Conflict With Goldman Helped Push A.I.G. to Edge (www.nytimes.com)
Billions of dollars were at stake when 21 executives of Goldman Sachs and the American International Group convened a conference call on Jan. 28, 2008, to try to resolve a rancorous dispute that had... More
Submitted about 18 hours ago by gregplaysdrums | 0 Comments |
Talks With G.O.P. on Financial Bill at ‘Impasse,’ Dodd Says (www.nytimes.com)
The senator who is shepherding the Obama administration’s package of Wall Street reforms through Congress said on Friday morning that talks with his Republican counterpart had broken down.
Submitted 3 days ago by gregplaysdrums | 0 Comments |
Volcker pitches bank risk-taking rules to Congress (www.latimes.com)
Former Federal Reserve Chairman Paul Volcker made a personal pitch Tuesday for the Obama administration's new proposal to sharply limit risks taken by the nation's largest banks, using his status as a... More
Submitted 4 days ago by gregplaysdrums | 0 Comments |
Cuomo Sues Bank of America, Even as It Settles With S.E.C. (www.nytimes.com)
The legal drama surrounding the controversial takeover of Merrill Lynch by Bank of America, one of the pivotal moments of the financial crisis, took a fresh turn on Thursday as the attorney general of... More
Submitted 3 days ago by gregplaysdrums | 0 Comments |
Dodd Calls Obama Plan Too Grand (www.nytimes.com)
The chairman of the Senate Banking Committee warned on Tuesday that the Obama administration’s new proposals to rein in Wall Street firms ran the risk of derailing months of delicate negotiations... More
Submitted 5 days ago by gregplaysdrums | 0 Comments |
18 Ways to Break the Bank (dealbook.blogs.nytimes.com)
Many economists say the nation’s banks are too big. Writing in The New York Times, author Henry Alford offers his ideas for some ways to break them up:
Submitted 4 days ago by gregplaysdrums | 0 Comments |
The Tea Party: Economic Populists or Wall Street Toadies? - Les Leopold at Chelsea Green
(chelseagreen.com)
Who cares? We all should. The Tea Party is not a fake. It's not just a creation of Fox News and Dick Armey's Astroturfing operation. It's a genuine expression of populist anger that is driving our... More
Submitted 4 days ago by AlisonHamm | 0 Comments |
ColorLines: Race and Economic Recovery By ColorLines Investigative Team
(www.colorlines.com)
President Obama says the stimulus saved or created 2 million jobs in 2009. But is the recovery really working? The American dream of good jobs and strong communities is still just a dream for too... More
Submitted 4 days ago by AlisonHamm | 0 Comments |
Don't Judge the Budget by Its Cover | The American Prospect
(www.prospect.org)
President Barack Obama's first budget was notable for its honesty -- it eliminated stale tricks designed to conceal the impact of expensive programs and forecast a progressive agenda in the midst of... More
Submitted 4 days ago by AlisonHamm | 0 Comments |
Consumer groups: Breaking up banks ‘crucial’ to avoid another meltdown (rawstory.com)
As the Senate debates financial reform, consumer groups are urging Congress to break up the biggest banks and impose strict limits on proprietary lending, virtually guaranteeing a "repeat" of the 2008... More
Submitted 4 days ago by gregplaysdrums | 0 Comments |
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