Banking/Finance

Real Clear Politics currently has a video highlighting statements by Democratic Congressman James Clyburn Jr. of South Carolina. It teases the video with a question asked by Candy Crowley of CNN. Once one sees the entire sequence, it's clear that Clyburn really answered Crowley's question before she even asked it. Here's the full transcript of the vid, which begins after Indiana Republican…

On February 19, 2009, Rick Santelli helped create a movement whose political impact has not yet been fully realized. The "Rant Heard 'Round the World," as it has become known, was a profound, if hardly isolated example of the power of conservative pundits to enact political change.That power has grown as Americans have become more sympathetic to the economic conservative argument--both the moral/…

Like tar balls on a Pensacola beach, doubts about Pres. Obama's leadership are beginning to accumulate even among his most avid supporters appearing in the MSM.  Today's Morning Joe provided two prime examples of the phenomenon in the persons of Jeffrey Sachs and Donny Deutsch.Both men are self-described Obama supporters.  Yet each expressed disappointment at the lack of leadership the president…

CNN tried to downplay poll results it released on Wednesday which indicated continuing opposition to ObamaCare, while emphasizing how the poll also found "growing support" for the President's call for increased federal regulation of the financial institutions. The network and its partners at Opinion Research also took two weeks to publish the results of only two questions from the poll.The…

Investors Business Daily called attention to an alarming story that goes back to Sunday, May 16 in a Monday evening editorial. A protest noticed by the target's next-door neighbor who happened to be home at the time, namely journalist Nina Easton (who also took the photo at right), occurred in a Metro DC suburb in Maryland marked the next round of a national labor union's attempt at persuasion…

Chris Matthews is stuck in the 1970s, it seems, and I'm not  talking about his pop culture references. Talking with CNBC's Jim Cramer on the May 6 "Hardball" about the Greek fiscal crisis, everyone's favorite MSNBCer blamed "right-wing" dictators from the Cold War era for financial troubles in Greece, Portugal, and Spain [MP3 audio available here]: I'm a political guy, you're a money…

CBS's local affiliate in Chicago today threatened to stop covering the Illinois Senate race if the Republican candidate continues to harp on an issue extremely damaging to his Democratic opponent.If a candidate for the United States Senate was a senior loan officer for a bank that made over $20 million in loans to convicted bookies and pimps (while he was employed as a loan officer), is that…

A $787-billion stimulus. Liabilities of $356 billion for the TARP bailout on the federal government's balance sheet. And that's in addition to other unfunded liabilities from federal entitlements like ObamaCare, Medicare, and Social Security. But that doesn't mean the U.S. is heading down the path toward socialism because they were one-time expenditures, according to CNBC senior economics…

It doesn't take a rocket scientist to realize that so-called payday loans probably aren't the most reasonable option when it comes to short-term borrowing. But according to MSNBC's Rachel Maddow, it takes the federal government to let you know. On her April 28 program, Maddow charged that these lenders engage in unscrupulous practices, despite offering a service that their clientele is willing…

On Wednesday's CBS Early Show, co-host Harry Smith lamented Republican opposition to the Democrats' financial reform legislation: "The Senate is expected to vote for a third time on financial reform. Republicans blocked the previous two attempts. President Obama says he can't understand why, and plans to make his case once again later today."In the report that followed, White House correspondent…

Hitting from the left in an interview with Republican Senator John McCain on Tuesday's CBS Early Show, co-host Harry Smith worried about the ability of financial reform legislation to expand government control over Wall Street: "How are you going to dis – how does any of this dismantle these giant financial institutions?"On April 22, ABC Good Morning America co-host George Stephanopoulos asked…

While questions swirl about the ins and outs of the Securities and Exchange Commission charges against Goldman Sachs (NYSE:GS), and the eventual result is no clearer. According to CNBC "Mad Money" host Jim Cramer, after the release of several e-mails from Goldman traders, including Fabrice Tourre, who described the investments at the firm "like Frankenstein," the investment bank finds…