Banking/Finance

On his first day as the new co-anchor of Good Morning America, former Clinton aide turned journalist George Stephanopoulos lobbied for a windfall profits tax on the bonuses of bankers. Also on Monday’s program, senior White House advisor David Axelrod reminded viewers of Stephanopoulos’ liberal background. [Audio available here.] After the rookie GMA host asserted that Axelrod "has an office…

Maybe President Barack Obama's administration is just trying to trying to get some George Soros funding. Why else would Obama's people be playing the media criticism game again? In the latest of a series of White House - media head-on confrontations, Jared Bernstein, the chief economist and economic policy advisor to Vice President Joe Biden, took on the Wall Street Journal in a Dec. 1 post on…

On yesterday's CNN Newsroom, anchor Kyra Phillips shifted to "Bad Boys" mode:Lenders, lenders -- what you gonna do when they come for you? Call it an early Christmas present for people on the edge of losing their homes. The Obama administration cracking down on mortgage companies.We'll tell you about it.After the break:PHILLIPS: Well, from your health (ph) to your home, the foreclosure crisis…

According to Don Imus, it's the late-1970s all over again, and not in a good way.  Imus appeared on the Fox News Channel's Nov. 24 "Hannity" program and had some disparaging words for the current administration's economic policy. He told viewers that Obama's associations with Jeremiah Wright and Bill Ayers weren't the problem (h/t Erick Erickson at RedState.com). "You had me convinced - yes…

On Fox's Nov. 22 "Fox News Sunday," former "Special Report" anchor and Fox News senior political correspondent was dead spot on target in many regards when it came to criticizing the tack President Barack Obama has taken with his foreign policy gestures. First, Hume reflected on how Obama reacted on his trip to Asia last week. He noted that Obama was in a tough position, having to rely on…

It's an issue that libertarian Rep. Ron Paul, R-Texas, and Sen. Bernie Sanders (I-Vt.), a self-proclaimed socialist agree on: Congress should have the authority to call for the Federal Reserve to be audited. But it is also something that some in the financial media are reluctant to support, especially judging from the tone of CNBC "The Call" co-host Trish Regan and comments CNBC senior economics…

Joe the Plumber was certainly on to something when he got then-candidate Barack Obama to admit he wanted to redistribute the wealth, according to former Republican presidential candidate and Arkansas governor Mike Huckabee.  Huckabee, who now hosts a show aired on the weekends on the Fox News Channel, told "On The Record" host Greta Van Sustren on Nov. 16 that Obama's policies go beyond just the…

J.P. Morgan Chase is the second-largest U.S. bank, but its CEO spoke out on Nov. 13 to condemn the policy of bailing out banks which are "too big to fail." Jamie Dimon wrote in the Washington Post that even his bank should accept the risk of failure. "[I]f some unforeseen circumstance should put this firm at risk of collapse, I believe we should be allowed to fail," Dimon said. He argued that…

Disclaimer: we're talking politics here, not personal stuff . . . If there's a bigger sourpuss in Congress than Barney Frank, I wouldn't want to meet him. On MSNBC this evening, the dyspeptic Member from Massachusetts got into it with, of all people, Ed Schultz.  You might think the two libs would make beautiful progressive music together, but what made this spat especially entertaining was that…

A rising Dow Jones Industrial Average (DJIA) means better times are on the way, right? Not necessarily, according to CNBC CME floor reporter and tea party movement inspiration Rick Santelli. Santelli made an appearance on CNBC's Nov. 6 "Fast Money," a show which the host, Melissa Lee, is skittish about a discussion that politics interferes with the market is a reality. Nonetheless, Santelli…

There's a lot of uncertainty with the U.S. economy and a lot of its recovery hinges on some key policy decisions due from the federal government.  On CNBC's Nov. 2 "The Kudlow Report," CNBC host Maria Bartiromo discussed her interview with former Chairman of the Federal Reserve and Obama adviser Paul Volcker from the Global Financial Leadership Conference in Naples, Fla. One of the topics…

Now that the Obama administration is attempting to take a victory lap on the U.S. economic recovery, claiming the $787-billion stimulus passed earlier this year was what did the trick, despite a cost of $160,000 per 'stimulus' job, as ABC's Jake Tapper pointed out, it has come at the cost of the U.S. dollar. Since then, the stock market has rebounded nicely. The Dow Jones Industrial Average (…

Give Ed Schultz credit for something: on his MSNBC show this evening, he hosted an amusing smackdown between Barney Frank and Ralph Nader, perhaps the two most morose public men in America.  For once, Barney was attacked from the left.  The gist of Ralph's rebuke was that Frank hasn't gone far enough in regulating the financial industry.Frank was finally so provoked that he claimed/admitted that…

The Federal pay czar announced that executives in companies that took bailout funds from the Troubled Asset Recovery Program should not receive the bonuses that were announced recently. And there are rumblings about extending government reach into the executive compensation at all publicly traded companies. That would be just fine with Harry Smith at CBS's "Early Show." On Oct. 22, Smith…