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Help Pass the Wall Street Reform and Consumer Protection Act of 2009
16 hours ago ago from GroundUp CT
Here's an opportunity to make sure that we do not go down this road again with our financial institution. Barney Frank and other lawmakers have been working hard to change the way Wall Street does business with other people's money. Late this week, Congress will likely vote on H.R. 4173, the Wall Street Reform and Consumer [...]
Related contentWill Wall Street Funds Now Bail Out Main Street?
23 hours ago ago from nvs' Blog
ABC News Dec. 7, 2009 The $700 billion financial bailout has caused controversy and outrage from the moment it was enacted last fall, an attempt by the Bush administration to save the financial system from a collapse that could imperil the overall economy. A year later, critics argue, the bailout has only helped Wall Street, [...]
Related contentU.S. bank bailout estimate cut by $200 billion
23 hours ago ago from Good News Happens!
WASHINGTON (Reuters) The projected long-term cost of the U.S. government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night. Full Article Best Regards, Edward Caulfield Serious About Service
Related contentU.S. Forecasts Smaller Loss From Bailout of Banks
7 hours ago ago from Stock Hideout
The new assessment of the $700 billion bailout program, provided by two Treasury officials on Sunday ahead of a report to Congress on Monday, is vastly improved from the Obama administration's estimates last summer of $341 billion in potential losses from the Troubled Asset Relief Program. That figure anticipated more financial troubles requiring intervention. The officials said the government could ultimately lose $100 billion more from ...
Related contentTomorrow the House is going to Vote on the "Wall Street Reform and Consumer Protection Act." Jobs With Justice is Calling Out their Troops in Support
13 hours ago ago from The P/Oed Patriot
W hile Health Care is being touted in the media, another Bill is trying to squeak through Congress with the Help of Jobs With Justice. Here is an E-mail from Jobs with Justice calling out their Members in Support of the "Wall Street Reform and Consumer Protection Act" (HR4173). Funny thing is that they are telling their Troops to use 'Form letters' to send to their Representatives. How Original: "More than a year after the big banks crashed ...
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Bailout watchdog: Crisis response worked, somewhat
4 hours ago ago from FanHouse
WASHINGTON -The government's $700 billion bailout of the financial system helped prevent an all-out panic last fall but hasn't met many of the targets Congress set out, a watchdog panel says. "Congress set goals for (the bailouts) that went well beyond short-term financial stability, and by that measure problems remain," said panel chair and Harvard Law school professor Elizabeth Warren. The programs funded by the bailout including bank ...
Related contentEdward Harrison: Why is Barney Frank allowing lobbyists to gut financial reform?
20 hours ago ago from Huffington Post
This article originally appeared on my site Credit Writedowns That is the question Newsweek asked of the Democratic Congressman from Massachusetts in charge of banking reform efforts in the U.S. House of Representatives in an interview. Rather than answer the question fairly, Frank attacked the reporter and eventually ended the interview. Don't expect anything serious on financial reform from Congress. So, we have a major, major financial ...
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