Tag: TARP
Ahead of caucuses, major Colorado tea party group promotes Ron Paul
In advance of the Colorado Republican caucuses tonight, the Northern Colorado Tea Party-- perhaps the most influential of the state's many tea party groups-- isn't backing away from its constitutional conservative mission. Far from recommending members warm up to presidential frontrunner Mitt Romney, the group has unofficially thrown its support behind libertarian Congressman Ron Paul.
Perlmutter, Tipton, Coffman join forces on banking bill
Monday, U.S. Reps. Ed Perlmutter, Mike Coffman and Scott Tipton introduced The Capital Access for Main Street (CAMS) Act, which they say will temporarily allow small community banks with under $10 billion in assets to spread out or amortize a portion of their commercial real estate losses over a seven-year period.
The deficit is more than just a 2010 campaign issue
Lawmakers, including Republicans who have been in Washington for decades, are extremely concerned this year with the nation's budget deficit. Part of that concern...
Top analysts find government action saved U.S. economy
In a new paper released Wednesday, entitled “How the Great Recession Was Brought to an End,” prominent economists Alan Blinder and Mark Zandi say...
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...
Colorado Tea Partiers rally in capitol chambers and on the steps
DENVER--Members of Colorado Tea Party and 912 groups and the libertarian think tank Independence Institute attended a "grassroots session" and rally sponsored by Americans For Prosperity at the Capitol Wednesday. The activists met with GOP lawmakers for a strategy session in the Old Senate chambers and then gathered on the capitol steps. The rally lured a familiar group of Republican lawmakers, led this time by Yuma state Rep. Cory Gardner, who is also running to represent the Fourth Congressional district in Washington.
Denver crowd protests ‘too big to fail’ Wells Fargo
DENVER-- Roughly 200 people gathered in front of the Wells Fargo "Cash Register" building downtown here Wednesday to protest "too big to fail" banks in general and Wells Fargo in particular-- financial institutions that outrageously mismanaged depositor savings and fueled the global economic crisis last year. The banks received taxpayer bailout funds to the tune of $700 billion, which they used at first to stay afloat but ultimately to increase profits and even lobby lawmakers to vote against consumer protections. Protesters took turns withdrawing their Wells Fargo savings.
Your bailout money paid for lobbying campaigns designed to screw you
The top eight spenders in the financial industry spent nearly $30 million to lobby Capitol Hill last year, according to Nathaniel Popper of the...
How to deal retrospectively with Wall Street crash? ‘Cut the taxes;...
In a moment that recalls Senate Minority Leader Josh Penry kicking off his gubernatorial campaign by declaring he would have rejected federal stimulus funds...
Reining in the subprime scoundrels
President Barack Obama is scheduled to unveil his agenda for revamping financial regulation later this week. As the economy struggles though a recession created by the banking industry, it's crucial that Obama and his advisers craft a set of rules ensuring that the financial sector strengthens our economy instead of destroying it.