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Wall Street reform
Elizabeth Warren Weighs in on New Consumer Protection Bureau
By Alex Wagner - Politics DailyIn her first high-profile public appearance since she was named the White House "consumer czar," Elizabeth Warren said Tuesday that one goal of the new Consumer Financial Protection Bureau she is setting up is to help people navigate the complexities of financial products such as mortgages and credit cards. Speaking at the Fortune magazine "Most Powerful Women Summit" in Washington, Warren displayed marked enthusiasm for her new role, saying, "It is an enormously exciting time," but cautioning that the agency offered an "opportunity for great failure. And an opportunity for great success." ...
Obama on Campus: Cramming to Reclaim the College Vote by Midterms
By Alex Wagner - Politics DailyFor a few minutes on Monday afternoon, President Barack Obama slipped back into his former self. On the phone with a group of student journalists, he had already made the case for his administration's accomplishments -- the ways in which his White House had tackled concerns relating to education, health care and the economy. But he wanted his young audience to be very clear about what's at stake. And so, adopting the gently authoritarian tone of a college professor, the president announced: "You can't sit it out. You can't suddenly just check in once every 10 years or so -- on an exciting ...
Barney Frank Foe is Onetime Town Hall Tormenter
By Tom Diemer - Politics DailyRep. Barney Frank, the brainy but abrasive chairman of the House banking committee, is facing a Democratic primary challenge from a woman who decided to take him on after they had a nasty exchange at a town hall meeting last year. When Rachel Brown asked the Massachusetts congressman in 2009 about the "Nazi policy" of health care reform, an annoyed Frank shot back that talking with her was "like arguing with a dining room table." The 29-year-old Brown said the clash inspired her to run in the Sept. 14 Massachusetts primary, although she told the Associated Press, "I didn't realize at the time ...
Obama Takes on his GOP Critics in Labor Day Speech
By Carla Baranauckas - Politics DailyIn a Labor Day speech in Milwaukee that sounded more like a campaign stump speech than a holiday greeting, President Barack Obama delivered a message that was the political equivalent of "I'm mad as hell and I'm not going to take it anymore." Kicking off what has traditionally been considered the official fall campaign season, Obama said: "Some powerful interests who had been dominating the agenda in Washington for a very long time, they're not always happy with me. They talk about me like a dog. That's not in my prepared remarks, but it's true." From a stage at the Summerfest grounds in ...
Elizabeth Warren or Bust!
By David Corn - Politics DailyI've been out of Washington for a little while -- escaping the heat and the disheartening politics. I've even managed to go for more than a week without tweeting (with a few lapses). But it's hard to escape people who want to talk about what's happening back within the Beltway. What's edifying is discovering what folks outside Washington focus on. Those of us who follow politics and policy for a living often have numerous matters on our to-watch lists; recently, that roster has been long, including Afghanistan, extending the Bush tax cuts, the coming congressional elections, the Colorado ...
Dodd-Frank Wall Street Reform: Building a Better Trap
By Robert and Donna Trussell - Politics Daily...
Change Index: Obama's 5 Most Far-Reaching Accomplishments to Date
By David Knowles - AOL News(July 21) -- On Tuesday, President Barack Obama signed a new financial reform bill into law, the culmination of a two-year struggle to fundamentally alter how Wall Street does business in the wake of the 2008 economic crisis. Surge Desk's Dana Chivvis earlier highlighted the main changes the law will herald for consumers and industry alike, but we are also keeping tabs on where President Obama now stands vis-a-vis the overall change he promised to deliver to the country. Setting aside the question of whether his legislative accomplishments are positive or negative, Surge Desk has gone back ...
Financial Reform Bill Signed into Law: 5 Key Changes Outlined
By Dana Chivvis - AOL News(July 21) -- President Barack Obama signed the sweeping financial reform bill into law today, just six days after it passed the Senate. The Dodd-Frank Wall Street Reform and Consumer Protection Act is meant to protect consumers, add transparency to the financial markets, and restructure government power so that companies are no longer "too big to fail." Below, Surge Desk reminds readers of the five most important aspects of the bill, as outlined here last week. 1. The economy gets a new monitor, and failing firms a new undertaker. Headed by the secretary of the treasury, the Financial ...
Elizabeth Warren vs. Timothy Geithner: A Big Decision for Obama
By David Corn - Politics DailyIs Treasury Secretary Timothy Geithner, the onetime president of the New York Federal Reserve, trying to freeze out Elizabeth Warren, the most popular and effective economic populist in Democratic circles? No sooner had President Obama and his congressional Democrats achieved victory in passing Wall Street reform legislation last week when an internal catfight broke out over who would lead the new Bureau of Consumer Financial Protection created by the bill. The Wall Street reform package is a mixed bag. Former Labor Secretary Robert Reich calls it "a mountain of legislative paper, a molehill ...
Will Wall Street Reform Protect Mr. and Mrs. America?
By Melinda Henneberger - Politics DailyPublic reaction to the Wall Street reform Obama will sign into law next week so far seems divided between those who think that if the big banks hate it, it must have merit, and those who figure if Congress passed it, it can't be good. This week on Politics Daily's online Sunday show, Patricia Murphy, Lynn Sweet, Sarah Wildman, Bonnie Erbe' and I discuss how it will affect consumers, and whether it will help the Democrats in November. Click play below to watch the video: Follow Melinda Henneberger on Twitter. ...
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