Banking/Finance

Today, as the wire service AFP reported in a story carried at Yahoo.com, Federal Reserve Chairman Ben Bernanke, in the question and answer exchange after his prepared testimony, told the House Financial Services Committee that "If we were to tighten (monetary) policy, the economy would tank." That assessment of the economy's fragility qualifies as news, especially given the Obama…

Well, it’s Washington Post official: the sequestration wasn’t all that bad after all.  In fact, you could classify it as a dud, according to none other than Ezra Klein, a favored pet pundit of many a liberal MSNBC panel. In a June 30 item at his Wonkblog, Klein concluded that the experts were “mostly wrong” concerning the impact of the cuts.  At the same time, conservatives saw from the…

On Tuesday June 25, Penny Pritzker became the 38th Secretary of Commerce after the Senate voted to confirm her 97-1.  Oddly enough, Pritzker has a Romney-esque business background.  The well-connected friend of Obama is worth millions, has previously understated her income, and is not well liked by Big Labor.  She also benefited from offshore tax havens. Despite all that, in the end, her…

Apparently, three movies attacking Wall Street wasn’t enough. Hollywood’s made another anti-capitalist film to be released November 15. The biopic of former Wall Street stockbroker, Jordan Belfort, who is also a conman, stars known liberal actor Leonardo DiCaprio. The “Titanic” star is a well-known environmental activist and has donated more than $40,000 to Obama’s two presidential campaigns…

This isn’t anything new.  The Obama administration pays its female staff thousands of dollars less than their male ones.  So, why hasn’t the press called him out on it?  Save for a few publications, like the Daily Mail out of London, there has yet to be a concerted effort on behalf of the news media to ask Obama about this overt hypocrisy. All of the White House salaries are released to the…

Banks are bad because they make a profit on things requested by their customers, according to both NBC and CBS. The two networks highlighted a study released June 11 by the Consumer Financial Protection Bureau [CFPB] that said banks made $12.6 billion in overdraft fees and non-sufficient funds from bounced checks in 2011. Though only 20 percent of customers actually opt-in for overdraft…

It was only two days ago that one of Charlie Rose’s guests, Politico’s Jim VandeHei, celebrated the disappearance of many outspoken Republicans from the political scene. On last night’s show, Rose invited on a pair of brash Democrats who vanished from Congress recently: former Sen. Chris Dodd and former Rep. Barney Frank. The former lawmakers were there to discuss the 2010 financial…

On Tuesday's CBS This Morning, John Dickerson spun a front page scoop from the Washington Post that spotlighted the several private meetings that a top Obama health care adviser had with investment firms on the future implementation of ObamaCare: "It's a little hard to see what those investment firms got that wasn't already publicly available." The liberal CBS political director brushed…

Appearing as a guest on Monday's The Daily Show on Comedy Central, Canadian actress Ellen Page criticized Fox News for negatively portraying Canadian health care as she defended her home country's national health care system. Page:

Nothing says justice like a violent massacre of Wall Street bankers! At least, that’s what Stuart Heritage, of the UK’s left-wing newspaper “The Guardian” thinks. In his May 14 article titled “Assault on Wall Street trailer: bankers get what’s coming, Uwe Boll style” Heritage justified the rampage before the reader even started on his article. “The global financial crisis has been responsible…

“Assault on Wall Street,” directed by Uwe Boll and starring Dominic Purcell, takes the liberal agenda to a whole new level. Every possible liberal ideal – anti-gun, anti-capitalism, the evils of health insurance companies, crazy gun supporters – is depicted in this 1 hour and 39 minute movie, which was released on May 10 in limited theaters and on Amazon instant video. Within the first ten…

The recent dedication of the George W. Bush Presidential Center in Dallas has brought a fresh opportunity to reflect on the legacy of the 43rd president. Of course, for the liberal media, to contemplate Bush’s legacy is to focus almost entirely on what went wrong in his presidency. ABC’s Jonathan Karl displayed the media’s rampant anti-Bush attitude during an interview with Karl Rove posted…

To his credit, the Washington Post's Zachary A. Goldfarb reported yesterday that the Obama administration is possibly repeating the same policy mistakes that sank the housing market.   To get to the heart of the matter, our national housing bubble quickly inflated as a result of too many people with poor credit buying homes that they couldn’t afford.  As that number multiplied, banks created…

A question with a more obvious answer might yet be asked on national TV this morning, but someone's going to have to try very hard . . . On today's Morning Joe, during a segment on the Atlanta school-test scandal, Mike Barnicle actually wondered out loud why more top college grads take jobs with high-tech firms like Google, or in the financial-services sector, instead of teaching. Barnicle…