Category Archives: Wall Street

Are the Dems done with Wall Street?

By doris | Published: December 10, 2011

Full Story at CBS. News Jon Corzine’s testimony before the House agriculture committee may mark the definitive end to the Democratic party’s love affair with Wall Street. Once upon a time, Wall Street bankers were Republicans. Not terribly ideological, they preferred whenever possible a minimum of taxation, regulation, and government in general, but they didn’t [...]

Also posted in Democrat, Republican | Leave a comment

Wall Street reform: On to Obama

By doris | Published: July 16, 2010

Full Story at money.cnn.com WASHINGTON (CNNMoney.com) — The Senate on Thursday afternoon passed the most sweeping set of changes to the financial regulatory system since the 1930s, sending the Wall Street reform bill to President Obama. The Senate voted 60 to 39 to pass the reforms, ending more than a year-long effort to pass legislation [...]

Also posted in American, Bank, Bill, White House | Leave a comment

House, Senate clawing to Wall Street bill finish

By doris | Published: June 25, 2010

Full Story at money.cnn.com WASHINGTON (CNNMoney.com) — Lawmakers are closing in on melding two different versions of Wall Street reform. Late Thursday evening, lawmakers had just started to tackle one of the last and more controversial issues: Cracking down on the big banks’ investment activities and risky bets.

Also posted in American, Bank, Bill, Government, Investor, Lawmakers | Leave a comment

GOP filibusters wide-ranging benefits and tax bill in Senate

By doris | Published: June 20, 2010

Full Story at CNN.com (CNN) — Senate Democrats failed Thursday to overcome a Republican filibuster of a bill to extend unemployment benefits and prevent Medicare doctors from having their reimbursements cut. All Republicans opposed ending debate on the wide-ranging bill, forcing further negotiations on specific provisions to seek a possible compromise. Senate Majority Leader Harry [...]

Also posted in Benefits, Bill, Budget, Government, Health Care, Lawmakers, Speech, Statements | Leave a comment

Wall St. reform vote fails again in Senate

By doris | Published: May 20, 2010

Full Story at msnbc.com WASHINGTON – In a setback for the Obama administration, Senate Democrats failed to muster enough votes on Wednesday to end debate on the biggest overhaul of financial regulation since the 1930s, delaying a vote on passage.

Also posted in American, Bank, Democrat, Government, Republican | Leave a comment

A $2.95 lesson for Wall Street

By doris | Published: April 26, 2010

Full Story at CNN.com (CNN) — I wish the titans of Wall Street could meet Mark Dalton. Not that it would be likely to change anything. But I wish the leaders of Goldman Sachs and of the other big banking firms could talk to Mark Dalton for just a few minutes. They might learn a [...]

Also posted in American, Money, Statements | Leave a comment

White House working to close benefit caps loophole

By doris | Published: December 12, 2009

Full Story at CNN.com Washington (CNN) — After hearing concerns from patient advocates, the White House on Friday said it is looking to close a loophole in the Senate health care bill that would allow caps on annual insurance benefits. “The president has made it clear that health insurance reform legislation should prevent insurance companies [...]

Also posted in Benefits, Government, Health Care, Insurance Companies, Support, White House | Leave a comment

Obama: Banking system needs new regulation

By doris | Published: July 23, 2009

Full Story at msnbc.com WASHINGTON – The financial system has stabilized but needs new regulations to curtail behavior and practices that led to the meltdown that brought Wall Street to the brink of collapse, President Barack Obama said Wednesday night in a prime-time press conference at the White House. The president specifically mentioned regulatory changes [...]

Also posted in Bank, Government, Investor, Money, Presidental | Leave a comment

White House releases staff salary list

By doris | Published: July 3, 2009

Full Story At CNN.com WASHINGTON (CNN) – Top-level staff members of the Obama White House earn the same amount as their predecessors in the Bush administration, according to a report submitted to Congress Wednesday. The president announced the pay freeze on his first full day in office for White House employees earning more than $100,000. [...]

Also posted in Congress, Democrat, Economy, Government, Republican, Salary | Leave a comment

White House bracing for a bailout backlash

By doris | Published: March 16, 2009

Full Story At  msnbc.com WASHINGTON – The Obama administration is increasingly concerned about a populist backlash against banks and Wall Street, worried that anger at financial institutions could also end up being directed at Congress and the White House and could complicate President Obama’s agenda.

Also posted in Bail Out, Bank, Government, Money, Politcal, White House | Leave a comment

Wall Street waits for details on Treasury plan

By doris | Published: February 23, 2009

Full Story At  msnbc.com NEW YORK – This week, Washington will get another chance to prove to Wall Street it means business. Investors are expecting details on the Treasury Department’s plans to fix the financial industry. The questions they want answered: How the government will decide which banks are healthy enough to be saved, how [...]

Also posted in Government, Treasury | Leave a comment