Late last week, at the 11th hour, the Senate removed an amendment that would have required the inspector general of the Federal Deposit Insurance Corporation to investigate the corrupt ShoreBank bailout, as well as every other bailout since January 2009. It is the clearest sign yet that the White House and Democrats in Congress are [...]
Charlie Gasparino breaks down the “financial reform” bill at FoxNews:
Goldman executives say they have conducted an internal study of the various proposals in the financial-reform legislation, which while still incomplete, is likely to pass in some semblance of its current form and signed into law by President Obama by the end of the year.
The areas [...]
On April 22nd we published an article entitled IndyMac Attack: Did Schumer, Paulson, Soros, and the CRL Kill the Bank and Profit From Its Collapse? We summarized the story as follows:
At the end of 2007, hedge fund billionaire John Paulson invested $15 million in the leftist non-profit, Center for Responsible Lending, their [...]
Health care reform is the latest piece of the puzzle to be put in place. If you add this to what has happened in the financial industry and the banking industry a bigger picture begins to emerge. With the proposed financial regulations, there seems to be a movement towards the consolidation of power in a few institutions, systematically removing free competition, setting up the too big to fail phenomenon, thereby giving people less choice that will ultimately cost everybody more in the long run.
Since the passage of healthcare reform, there has not been
Today it was reported that Goldman Sachs CEO Lloyd Blankfein has been calling Wall Street friends to cough up $125 million to save ShoreBank, which faces federal closure next week. Rep. Jan Schakowsky suggested in January that Illinois taxpayers foot the bill. That would have been the first state-led bank bailout in U.S history. The [...]
VIDEO UPDATE: As Tea Party Activists Protest Dodd’s Big Brother Bill, Bank of America Deploys Security Forces
Yesterday we brought you “As Tea Party Activists Protest Dodd’s Big Brother Bill, Bank of America Deploys Security Forces,” the story of a group of Tea Party and 912 Project protesters in Charlotte, North Carolina who showed up at the Bank of America headquarters to protest the bank’s sweetheart deal with Senator Kay Hagan on [...]
In Charlotte, North Carolina, there’s apparently a growing deadly threat to worry about. It seems that protesters there are getting unruly these days – so unruly that local businesses have brought on extra security detail to help out the local police.
That’s what happened when one such group of protesters descended upon the Bank of America [...]
Liberals in congress are trying to sell the Dodd bill as a bill that would stop the bailouts by regulating Wall Street, but, it actually creates permanent bailouts that will fund corrupt Wall Street executives who make poor decisions. Did I mention that these bailouts will come at the taxpayer’s expense? The Heritage Foundation put [...]
Here we go again. Harry Reid intends to force a vote at 5pm on Monday in a desperate attempt to push yet another bloated bill that will do more harm than good.
This time, the Democrats seem to have zeroed in on reforming the entire American finance system without bothering to read, or even consider, the [...]
Looking for evidence that the Financial Reform legislation pending before the Senate is a power grab and not an effort at “reforming the system?” Look no further than the man Washington insiders believe would head the proposed “Consumer Financial Protection Agency” should the bill become law.
Remember the name. He is deputy assistant [...]
It’s time for your weekly dose of Coffee and Markets, featuring The New Ledger’s Francis Cianfrocca, a podcast brought to you by the fine folks at Andrew Breitbart’s BigGovernment.com and LibertyPundits.com, your home for conservative podcasts. In this week’s edition, we’re talking about the controversies over financial regulation reform and the SEC’s case against Goldman [...]
Sen. Susan Collins (R-ME) understands that the Dodd Financial Reform bill they are trying to ram through the Senate is a bailout. She has publically opposed the legislation. But that hasn’t stopped the Administration from pressuring her to change her mind.
The Wall Street Journal reports that Treasury Secretary Tim Geithner will be meeting with Sen. [...]