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From Aspiring Actress to Economic Leader, Duke Says It's 'Personal'
By Joseph Schuman - AOL NewsIt seems safe to say that Elizabeth Duke started her professional life thinking more of Shakespeare than small-business loans, leading roles on stage rather than leadership of a $14.8 trillion economy amid the tumult of financial crisis. But Duke, now a governor on the board of the Federal Reserve and an active player in efforts to heal an economy with millions of Americans out of work, says it was her aspirations as an actress that led her to become a banker. Chris Rank, Bloomberg/Getty Images Elizabeth Duke, a governor of the U.S. Federal Reserve, recently told a student ...
Julian Assange and Bank of America Sit Down for Tea
By Robert and Donna Trussell - Politics DailyFollow the Trussell cartoons on Twitter at ChaosTheoryPD ...
Thelma and Louise Wannabes Steal One Item Too Many
By David Lohr - AOL News
(Dec. 13) -- Two women in Oregon recently discovered that while you don't have to be a criminal mastermind to rob a bank, you may want to research the craft before trying. Authorities in Portland arrested 23-year-old Brittney Caudle, also known as Brittney Sykes, and 19-year-old Emma Westhusing following a robbery at Rivermark Community Credit Union in Clackamas on Dec. 6. Multnomah County Sheriff's Office Police say a GPS tracking device led them to bank robbery suspects Brittney Caudle, left, and Emma Westhusing. According to police, Caudle walked into the bank and handed a ...
Banks to Underwater Homeowners: Don't Get Comfy
By Robert and Donna Trussell - Politics DailyFollow the Trussell cartoons on Twitter at ChaosTheoryPD ...
Waters' Defense: Minority Banks Went Unnoticed
By David Knowles - AOL News(Aug. 13) -- Maxine Waters is firing back. Currently under investigation by the House ethics committee for her role in helping Boston-based OneUnited Bank -- where her husband, Sidney Williams, owned considerable stock -- secure $12 million in TARP funds from the Treasury Department during the economic crisis of 2008, Waters scoffed at the notion that she had broken any laws or House rules. At the heart of Waters' defense is her assertion that the meeting that she and her chief of staff, her grandson Mikael Moore, helped arrange with Treasury officials was not just on behalf of OneUnited, ...
Long-Fought Wall Street Reform Bill Goes to Obama
By Joseph Schuman - AOL News(July 15) -- Senate Democrats today muscled through a far-reaching overhaul of Wall Street rules and oversight that sent the government's most ambitious effort to prevent future financial crises to the White House for President Barack Obama's signature. Capping more than a year of legislative fights, fierce lobbying from the financial industries and a skein of congressional probes into the global economic crisis that steadily drummed up popular support for reform, the 60-39 vote saw three Republicans break ranks with their party to join all but one Democrat in support of a measure sure to ...
Wall Street Bank Reform Law Clears Largest Hurdle
By not in system - AOL News(July 15) -- A sweeping overhaul of Wall Street firms and American financial institutions cleared its highest hurdle Thursday morning when the Senate voted 60-38 to end debate on the bill. A final Senate vote is scheduled for late Thursday afternoon, when the bill is expected to pass easily. ...
Can Charlotte Regain Its New South Swagger With 2012 Democratic Convention?
By Mary C. Curtis - Politics DailyCHARLOTTE, North Carolina -- The Democratic National Committee has put Charlotte where it wants to be, in the running for a shiny, potentially lucrative prize. All that stands in the way of the city hosting the 2012 Democratic National Convention are Cleveland, St. Louis and Minneapolis. Though Ohio, Missouri and Minnesota are also states with electoral votes the party craves, Charlotte likes being in the hunt. Private supporters of the idea have set up websites, a Facebook page, a Twitter feed and a YouTube channel with a video extolling the city's virtues, with plenty of images of office ...
House Votes in Favor of Financial Overhaul Bill; Senate Stalls
By Carl Franzen - AOL NewsToday the House of Representatives voted 237-192 (largely along party lines) in favor of the most comprehensive financial reform legislation in generations: the Restoring American Financial Stability Act of 2010. While an enormous forward step for the bill's backers -- including Rep. Barney Frank, D-Mass., Sen. Chris Dodd, D-Conn., and President Barack Obama -- today's vote remains just shy of a true political and legislative victory. That's because the Senate elected to delay its hearing on the bill until after the Fourth of July holiday recess, citing an inability to drum up the 60 votes ...
French Rogue Trader's Trial Opens in Paris
By Dana Kennedy - AOL NewsNICE, France (June 8) -- A trial pitting France's rogue trader-turned-folk-hero Jerome Kerviel against the giant French bank that says he gambled away billions of its money in secret trades opened today in Paris. Kerviel arrived in court with five lawyers, fighting their way through a throng of 200 journalists from around the world. Kerviel, 33, who is expected to claim that his bosses knew about his risky trades, was briefly a symbol of unimaginable risk-taking and greed when it was discovered in early 2008 that he risked billions of euros as a trader at Societe Generale SA, resulting in ...
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