Financial overhaul push begins
WASHINGTON (AP) Small neighborhood banks and the U.S. Chamber of Commerce are overshadowing the nation s biggest banks in influencing lawmakers as Congress begins the initial phase of its long-awaited overhaul of how the government regulates financ...
 1.4K - Oct. 14, 2009; scored 556.0 Geithner ends program
WASHINGTON (AP) ” Treasury Secretary Timothy Geithner said an emergency program that had guaranteed as much as $3 trillion in assets in money market mutual funds was being allowed to expire Friday. As the risk of catastrophic fail...
1.6K - Sep. 18, 2009; scored 556.0 Poll: Worries linger on economy
WASHINGTON One year after Wall Street teetered on the brink of collapse, seven out of 10 Americans lack confidence the federal government has taken safeguards to prevent another financial industry meltdown, according to a new Associated Press-GfK p...
5.5K - Sep. 14, 2009; scored 556.0 Obama pushes for tighter financial regulation on anniversary of Lehman Bros. collapse
WASHINGTON (AP) Pushing Congress to act on proposed financial regulations, President Barack Obama is going to the heart of Wall Street on the first anniversary of Lehman Brothers collapse to outline changes needed to prevent a future crisis like t...
1.4K - Sep. 14, 2009; scored 879.0 Money market fund guarantee program to end
WASHINGTON (AP) The Obama administration said today that a program used to guarantee as much as $3 trillion in money market mutual fund assets will end on schedule next week. The program, which will be closed down on Sept. 18, had no direc...
1.9K - Sep. 10, 2009; scored 556.0 Health debate obscures truth
Getting there early to assure myself a seat at the Obamacare town hall meeting in North Bend on Aug. 14, allowed me to be close to the action. I have much respect for Congressman Peter DeFazio, who has done many good things for his district and the s...
2.5K - Aug. 27, 2009; scored 556.0 Bernanke offers upbeat assessment
JACKSON, Wyo. Federal Reserve Chairman Ben Bernanke declared today that the U.S. economy is on the verge of a long-awaited recovery after enduring a brutal recession and the worst financial crisis since the Great Depression. Economic activity in b...
5.6K - Aug. 21, 2009; scored 556.0 Banks will suffer as long as customers
NEW YORK (AP) The big banks are making big money again, but they won t be back to health as long as they have to deal with a recession and customers defaulting on mortgages and credit cards. The impressive numbers included a $3 billion sec...
4.2K - Jul. 18, 2009; scored 556.0 Bernanke: Bank of America not bullied into deal
WASHINGTON - Federal Reserve Chairman Ben Bernanke told Congress today he didn't pressure Bank of America into acquiring Merrill Lynch in a deal that ultimately cost taxpayers $20 billion. Bernanke, in prepared testimony to a House committe...
3.2K - Jun. 25, 2009; scored 556.0 New agency emerges in financial fix
WASHINGTON - A new consumer protection agency highlights a financial system overhaul President Barack Obama plans to unveil today in effort to avert future economic crises like the one still wreaking havoc at home and around the globe. Obama's sweepi...
6.2K - Jun. 17, 2009; scored 556.0 Obama seeks to expand Fed's regulatory reach
WASHINGTON - The Obama administration's plan to revamp regulation and prevent any more crashes like those that felled AIG and Lehman Brothers includes a bold new idea: Empower the Federal Reserve to oversee the biggest financial players whose failur...
6.2K - Jun. 16, 2009; scored 556.0 General Motors files for bankruptcy, makes restructuring plan
NEW YORK - General Motors filed for Chapter 11 bankruptcy protection today as part of the Obama administration's plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government. GM's bankruptcy filing ...
10.4K - Jun. 1, 2009; scored 556.0 Sports Briefs: French won t penalize Armstrong
PARIS France s anti-doping agency says it will not seek sanctions against cyclist Lance Armstrong over a dispute with a drug tester. The AFLD agency said in a statement Friday that it decided to take into consideration the athlete s written explan...
6.0K - Apr. 25, 2009; scored 1000.0 Grads face tough employment market
David Maley left his internship at Lehman Brothers last summer figuring he would be back on Wall Street in a glamorous investment banking job once he graduated from Colgate University in May. Now Lehman is history, and Maley is moving instead to a Cl...
5.5K - Apr. 4, 2009; scored 717.0 Obama administration unveils financial system overhaul
WASHINGTON (AP) - The Obama administration unveiled a sweeping overhaul of the financial system today that is designed to impose greater regulation on major players like hedge funds. Treasury Secretary Timothy Geithner told lawmakers that the changes...
5.9K - Mar. 26, 2009; scored 556.0 Appointees are the bureaucracy
In this day and age, there are probably numerous occasions when you wonder at the seemingly incomprehensible and incompetent actions of some federal agency, and you probably lay the blame on some of the thousands of federal Civil Service employees on...
2.5K - Mar. 20, 2009; scored 556.0 Pitchfork time
In his campaign and inaugural address, Barack Obama cast himself as a moderate man seeking common ground with conservatives. Yet, his budget calls for the radical restructuring of the U.S. economy, a sweeping redistribution of power and wealth to gov...
4.9K - Mar. 4, 2009; scored 556.0 Top bank execs still have jobs after national banking crisis
WASHINGTON They ve been bailed out, but not kicked out. At banks that are receiving federal bailout money nearly nine out of every 10 of the most senior executives from 2006 are still on the job, according to an Associated Press analysis of regula...
8.3K - Jan. 27, 2009; scored 556.0 World bids a relieved adieu to a rocky year
SYDNEY, Australia Fireworks exploded in a kaleidoscopic shower of light over Sydney s shimmering harbor today, as the world s first major city to ring in 2009 celebrated the end of a decidedly rocky year with cheers, beers and a sense of relief. Sp...
3.0K - Dec. 31, 2008; scored 717.0 Under pressure, U.S. eased lending rules
WASHINGTON The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient w...
7.9K - Dec. 1, 2008; scored 556.0 | 
