Tag: Economy/Finance
DeMint would add border-fence provision to finance regulation bill
The South Carolina Republican announced today that he’s hoping to amend the finance reform bill working its way (slowly) across the Senate floor with...
Are homeowners really skipping out on their mortgages to spend at...
The case is now famous. The homeowner had applied for the Home Affordable Mortgage Program, or HAMP, an Obama administration initiative to give distressed and tapped-out borrowers lower monthly payments. But this “HAMPlicant,” the writer on the blog Calculated Risk noted, had given up on a $1,880 a month mortgage and spent hundreds of dollars instead at a spa, tanning salon, gourmet grocery store and liquor store, capping it all off with $1,700 in charges to mall stores from Baby Gap to Best Buy. She's what bloggers are calling a "foreclosure queen."
Washington versus Wall Street: A citizens’ guide to the regulation debate
WASHINGTON-- Monday evening, Republicans in the U.S. Senate voted against Sen. Chris Dodd's American Financial Stability Act, which seeks to reform regulation of the financial sector. It was only one round. There are many to come. Democrats only need one crossover to move the bill forward and the GOP line on the bill has already evolved, as Republican spin artist Frank Luntz's "bank bailout" false talking point has failed to winover Americans, who overwhelmingly back reform. Bonus-loving Goldman Sachs has run out of sympathy on struggling Main Street.
Deficit lower than White House projections
Unnamed administration officials quoted by David Cho of The Washington Post say the federal deficit is lower than the White House’s initial projections. The...
Greenspan to Crisis Commission: Finance too complicated to regulate
In some sense, the Financial Crisis Inquiry Commission is a lame duck. Headed by Phil Angelides and created in May 2009, the FCIC is...
Court rules against ‘net neutrality’
A federal appeals courts dealt a blow to net-neutrality Tuesday, ruling that the Federal Communications Commission can’t force Comcast and other telecommunications companies to...
Health reform won’t seriously ding corporate profits
As conservatives scream from the rafters about the elimination of a business tax deduction for retiree benefits in the Democrats’ health reform law, The...
Survey finds racial disparities under anti-foreclosure program
Black homeowners are roughly 50 percent less likely than whites to receive help under the largest of the administration’s anti-foreclosure programs, according to a new survey of qualified families.
Bachmann ‘government takeover’ talking points refuted by CBS
As the Minnesota Independent reports, Tea Party Congresswoman Michele Bachmann appeared on Face the Nation and railed against the "government takeover" of the economy...
Denver 2022 Winter Games: An insider’s guide to the Olympic debacle
Canada, which will eventually spend more than $6 billion for the recent Vancouver Winter Olympic Games, was the victim of a global golden fleece job.