A lot of talk yesterday about the foreclosure scandal sweeping the nation. With calls mounting for Congress to intervene, we are starting to see bigger names in Washington coming out to protect the poor bankers. Here’s Eric Cantor coming to their defense yesterday: What we’re talking about, Debbie, you have 10 percent, if that, of […]
Bernie Sanders does what others should have done: Sen. Bernie Sanders Wednesday placed a hold on the nomination of Ben Bernanke for a second term as chairman of the Federal Reserve. “The American people overwhelmingly voted last year for a change in our national priorities to put the interests of ordinary people ahead of the […]
This is why we also need banking reform: US banks stand to collect a record $38.5bn in fees for customer overdrafts this year, with the bulk of the revenue coming from the most financially stretched consumers amid the deepest recession since the 1930s, according to research. The fees are nearly double those reported in 2000. […]
What is it with baseball and assisting American’s in suicide via food intake? It started a few years ago when a baseball team in Illinois started serving these things: That is called “Baseball’s Best Burger”, because nothing screams yummy like throwing a bunch of meat on top of a glazed doughnut. Well not to be […]
Last night, Keith Olbermann took on the banks with a special comment. He went after this whole notion of “too big to fail” that we constantly here about parts of our financial industry. Maybe its time to change that. */ Visit msnbc.com for Breaking News, World News, and News about the Economy
The Obama administration is in trouble. Public anger over these AIG bonuses appear to be the final straw: 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 […]
Well under Bush it appears to have done just the opposite: The 20 largest banks that received government rescue funds slightly reduced their lending to consumers and businesses in the last three months of 2008, the government said Tuesday. The Treasury Department said the banks reduced their mortgage and business loans by a median of […]
Why hasn’t Obama fixed the economy, ended the war in Iraq, caught Osama, given us all healthcare, etc.? That’s the sense you get when listening to these talking heads on TV. But on a more serious note, since when is government jobs not jobs? I am really tired of hearing these Republicans say “this bill […]
Claire McCaskill has come up with a novel idea – cap the bonuses companies that are receiving federal aide can pay out: Under the bill by McCaskill, an early endorser of Obama’s presidential candidacy, employees would not be able to make more money than the U.S. president — $400,000 a year — until their companies […]
When banks abuse their bailout funds, the Obama administration takes action: A Treasury Department official on Monday called Citigroup, which has received $45 billion in bailout capital from the government, to protest plans to accept delivery on a luxurious $50 million corporate jet made in France. [SNIP] The Treasury official called the bank to complain […]