Congressional Republicans, led by GOP Leader John Boehner, plan to unveil their agenda in late September, but as Politico points out today: “there are few authentically original or viable ideas.” In fact, Mr. Boehner has promised “new policy prescriptions twice, … Continue reading
Category Archives: Financial Reform
In a recent interview with TIME Magazine, Republican Governor Mitch Daniels of Indiana was asked what Congressional Republicans have done to position themselves in the upcoming midterm elections. He responded: “Not too darn much.” Don’t be so modest, Governor Daniels. … Continue reading
In 2008, credit card issuers imposed $19 billion in penalty fees on families with credit cards–exploiting loopholes in the law to make profits at the expense of responsible credit cardholders with minimal oversight. Last year, credit card companies broke all … Continue reading
In today's Washington Post, Steven Pearlstein highlights the hypocrisy of the U.S. Chamber of Commerce and others who are blaming the Obama Administration and Democrats in Congress for continued high unemployment when annual corporate profits have rebounded to a staggering … Continue reading
Today, Alan Blinder, a Princeton professor and former vice chairman of the Fed, and Mark Zandi, chief economist at Moody's Analytics, released a new study the New York Times calls “a first stab at comprehensively estimating the effects of the … Continue reading
Today, economists Mark Zandi and Alan Blinder will release the first comprehensive study that estimates the total effect of fiscal and financial policies of the last few years. In a summary of the analysis this morning, the New York Times … Continue reading
Today, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law–common-sense rules to ensure Wall Street and big banks can't play Russian Roulette again with our futures. We know from experience they're not going to police … Continue reading
At 11:30am EST, President Obama will sign the Dodd-Frank Wall Street Reform and Consumer Protection Act into law–watch live: JOIN THE LIVE CHAT VISIT WHITEHOUSE.GOV Learn more about the legislation»
On NBC's Meet the Press, a Republican leader Rep. Pete Sessions (R-TX) admitted the Republican economic plan for the future is more of the same failed Bush-Republican policies that got us into this mess: David Gregory: “…I think what a … Continue reading
Today Republican Leader John Boehner put his mouth where the money is. After a meeting this morning with a bevy of special interest lobbyists, and one day after he called for the repeal of Wall Street reform, he said: “I … Continue reading