Tag: Bailout
Bush tax cut debate cast in light of new Wall Street...
A video of Independent Vermont Senator Bernie Sanders is making the rounds this week. In the clearest language to come out of Washington on...
Realaspen.com: Paulson plops down $24.5 million for Aspen pad
Editor's note: Realaspen.com late Monday posted an update to its original story, saying Paulson's daughter, Amanda, contacted the website to deny her father purchased...
Unemployment rate drops to 9.7%, GOP leaders unmoved
The economy added 431,000 jobs last month, dropping the national unemployment rate from 9.9 percent to 9.7 percent, the Department of Labor Statistics announced...
Senate votes in a landslide to audit the Fed
WASHINGTON-- On Tuesday, the Senate voted in a landslide to approve the Audit the Fed amendment to Sen. Chris Dodd’s (D-Conn.) financial regulatory reform proposal. Sen. Bernie Sanders (I-Vt.), the author of the amendment, has directed the Government Accountability Office to publish a report on the Federal Reserve’s books by Dec. 1, 2010, reviewing in a way that “does not interfere with monetary policy” but does let the American people know the names of the recipients of the more than $2 trillion in taxpayer assistance doled out by the nation's central banking system.
WATCH: Bennet deficit-reduction TARP proposal accepted by Senate
Last night, the Senate agreed to a proposal by Democratic Colorado Sen. Michael Bennet to reduce funds available for the Troubled Asset Relief Program...
Did Jane Norton actually read the Luntz bailout memo?
U.S. Senate candidate Jane Norton spoke for about a minute with ABC News Top Line Tuesday about Wall Street financial regulatory legislation, which Republicans...
Norton trots out false talking point: Financial reform equals taxpayer bailouts
ABC News Top Line interviewed Colorado Republican U.S. Senate candidate Jane Norton on the coming push to pass stricter regulations designed to prevent the...
Talking point foolery: Proposed bank ‘bailout fund’ is really an ‘execution...
At the end of last week, the Obama administration reportedly told Senate Democrats to drop the $50 billion liquidation fund — often referred to...
Democrats demand relief for still-volatile housing market
WASHINGTON-- One year after the Obama administration launched its $75 billion anti-foreclosure program, the housing market remains volatile, loan modifications have been scant, foreclosures are still sky-high — and more and more lawmakers are wondering why the White House hasn’t been more aggressive in tackling the crisis.
Plan for a Consumer Financial Protection Agency falters in Senate
WASHINGTON-- The White House wants it. Senate leaders support it. The House has already passed it. And, in the wake of the worst financial upheaval since the Great Depression, many consumer groups and state regulators say it’s vital if the country is to avoid another economic collapse. Yet the proposal to create a new consumer financial protection agency is, for all practical purposes, dead on arrival in the Senate. Just call it the public option of the finance reform debate.