Obama Won’t Support a Tax on Rich Traders

By: Thursday November 10, 2011 11:30 am

Oligarchs hate that financial transactions tax, and they have senior administration officials in high places to protect their wealth from any tax, no matter how small.


Both Dodd and Frank Call on Admin to Use Powers of Dodd-Frank

By: Friday November 19, 2010 9:40 am

A letter from Rep. Brad Miller and other members of Congress urges the Financial Stability Oversight Council to take action to prevent the foreclosure fraud problem from becoming a systemic crisis. The letter reminds the FSOC that Dodd-Frank gives them the power to avoid a systemic crisis. Barney Frank has signed the letter, and Chris Dodd has already admonished Treasury Secretary Tim Geithner to employ FSOC to mitigate systemic risk. And thus far?

Crickets. From both the Administration and the media.

Obama Mocks Public Option Supporters

By: Friday September 17, 2010 1:16 pm

Nobody in the history of electoral politics, and I mean nobody, believes that telling people to “get over it” will get them to the polls. (Well, nobody but Spiro Agnew.) And you can bet your bottom dollar that come 2012, when Obama’s own electoral future is on the line, that won’t be his message.

And Nelson Makes 60: Financial Regulation Reform Could Be Law by Thursday

By: Tuesday July 13, 2010 2:30 pm

Multiple outlets, but led by Jane Kleeb at Bold Nebraska, have confirmed that Ben Nelson will support the financial reform bill. It’s unclear what Nelson got in exchange for his support, but that was a pretty quick turnaround. Maybe Harry Reid told him that his objection to no Senate input on the head of the new consumer protection bureau was totally ridiculous, because the position is subject to Senate confirmation. Perhaps Nelson just said, “Oh,” and moved on.

Money for Nothing? Wall Street Punishes Dems for Appearing to Tackle Financial Regulation

By: Tuesday July 6, 2010 4:40 pm

If you are upset that the new financial reform bill is too weak, does not fundamentally change a broken system and will not prevent another meltdown, perhaps you should take a look at this: Wall Street is unhappy that Democrats have been slightly mean to them, so it has closed its huge campaign-donation spigot.

Palace Intrigue: Conferees, White House Trying to Pick Off FinReg Provisions

By: Thursday June 17, 2010 5:45 pm

Brian Beutler has a disturbing article about House conferees working inside the conference committee on behalf of the New Democrats and the New York delegation to kill or weaken key provisions of the Wall Street reform bill.

Accountability Now: Successes and Failures in Arkansas

By: Friday June 11, 2010 11:30 am

Ryan Grim and Sam Stein have an excellent piece on the coordinated efforts of various groups to support Bill Halter’s challenge to Blanche Lincoln. It represents the evolution of the efforts behind the Ned Lamont and Donna Edwards races, and now that the election is over, deserves some discussion.

Angela Merkel Protects the Citizens of Germany at the Expense of Speculators

By: Sunday May 23, 2010 10:30 am

Angela Merkel thinks speculators are the adversary, and she plans to win. Banning naked short sales is just the first move in the struggle.

Wall Street Cheats Cities and States: Widows and Orphans Next?

By: Friday May 21, 2010 1:30 pm

The wolves of Wall Street devour the unsophisticated states and municipalities that come to them for help and advice. The Senate doesn’t care.

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