As scheduled, Obama spoke about the economy in Cleveland today. While he formally unveiled the major new incentives and infrastructure projects that we discussed here last night, the big news came when he announced unequivocally that he would not support the extension of the Bush tax cuts for the super-wealthy. The statement was unexpected, as […]
Tag Archives: Consumer Financial Protection Bureau
Things aren’t looking good for Elizabeth Warren… now’s the time to act
According to the folks at Talking Points Memo, it doesn’t look likely that Elizabeth Warren with get the nomination to head the new Consumer Financial Protection Agency that she’s been championing so aggressively this past year. Here’s a clip from the article: Progressive pressure on President Obama to appoint Elizabeth Warren to head a soon-to-be-created […]
Financial reform bill emerges from committee, but is it any good?
I know that a number of consumer groups and unions are coming forward to support the financial reform bill that came out of conference committee on Friday. Among those singing the praises of the bill is Elizabeth Warren, the woman who heads the congressional panel overseeing the government’s bailout of American banks, whom I quote […]
Posted in Economics, Rants Also tagged auto dealers, banking reform, Bob Rubin, Commodities and Futures Modernization Act, Dylan Ratigan, Elizabeth Warren, everage exemption, financial reform, Glass-Steagall Act, Hank Paulson, investment banks, Larry Summers, mark to myth, National Automobile Dealers Association, Obama, SEC, too big to fail, Wall Street, Wall Street bailouts, Wall Street bonuses 2 Comments