Banking/Finance

It's the latest ailment of the left - CNBC derangement syndrome. Since CNBC's Rick Santelli and Jim Cramer took an outspoken stance on the shortcomings of the Obama administration, left-wing storefronts have been popping up all over the place wanting to capitalize on the network after it took a vicious attack from Comedy Central "The Daily Show" host Jon Stewart. After CNBC "Squawk on the…

On Friday, MSNBC's Rachel Maddow accurately blamed a bill enacted in 1999 for today's financial crisis, but in so doing exclusively pointed accusatory fingers at its Republican sponsors while totally ignoring the overwhelming Democrat support it received in both Chambers of Congress. Maybe even more egregious, she chose not to address it being signed into law by President Bill Clinton until a…

Disgraced former New York Governor Eliot Spitzer clearly sees the current AIG bonus controversy as an opportunity to redeem his reputation. The Associated Press's Michael Hill provided rehabilitation assistance in his Friday report. Spitzer is best remembered for resigning as the Empire State's chief executive after being caught patronizing high-priced prostitutes over a period of several years,…

Back on March 15, Noel Sheppard noted that the San Francisco Chronicle completely ignored the thousands of average Americans that came together in Cincinnati, Ohio to protest Obama's unprecedented take over of the US economy. The Cincinnati Tea Party truly was massive but is just one of the many dozens of Tea Party protests that have occurred -- and are continuing to occur -- all across the…

Mark March 21, 2009, as the day pigs flew and hell froze over: the shamelessly liberal New York Times columnist Paul Krugman actually criticized the Obama administration.I kid you not.Unfortunately, he did so at his blog at the New York Times website, which means far fewer people will see his critique than if it had been published in print.But as it seems foolish to look a gift horse in the mouth…

For the second day in a row, CNBC "Squawk on the Street" co-host Mark Haines took on a Democratic congressman over the issue that American International Group (AIG) paid out too much in bonuses for a company that received federal bailout money. On March 19, Haines took on alleged tax cheat Charles Rangel, questioning whether or not he should be dictating tax policy while the House Ethics…

Afraid that the AIG executive bonus bailout just may be the demise of the Democratic Party, MSNBC’s Chief White House Correspondent Chuck Todd trivialized the death of Terry Schiavo by suggesting the fight over Schiavo’s life was the demise of the Republican party. Host Andrea Mitchell, Gene Robinson, and Chuck Todd were discussing Treasury Secretary Tim Geithner’s survival of the AIG scandal…

Former President George W. Bush is personally responsible for the current financial crisis and should give every penny of his family fortune to the American people as a result.So proclaimed financial advisor Suze Orman in an article published Friday at WWD.  Ironically, the piece also pointed out that Orman didn't foresee the collapse of the financial services industry, and not only continued to…

Did you know that AIG, aka American International Group, is an American company?Well, on NBC's "Tonight Show" Wednesday, Jay Leno didn't, and the supposedly brilliant Keith Olbermann wasn't sure.Imagine that.A company that has been a hot topic in the news for at least the past six months, and these guys not only didn't know it was American, but also thought its initials stood for American "…

In the wake of the American International Group (AIG) bonus controversy, some have called the plans of congressional leaders to tax those bonuses at a rate of 90-100 percent "legislating with a vengeance." However, Chairman of the House Ways and Means Committee Rep. Charles Rangel, D-N.Y., insists that doing this is a necessity, despite the premise that retroactively taxing anything is a…

While there has been a lot of outrage over taxpayer money being used to fund $165 million in bonuses paid out to American International Group (AIG) executives propagated by the media, Fox Business "Happy Hour" co-host Cody Willard suggested the bailout money is going to something far worse - terrorism, specifically al-Qaida.On March 18, The Wall Street Journal reported that some of the money the…

Is President Barack Obama's administration showing hints it is losing confidence in Treasury Secretary Timothy Geithner? CNBC's Larry Kudlow said the signs are suggesting as much. The host of "The Kudlow Report" said in an appearance with CNBC On-Air Editor Charlie Gasparino on his March 17 broadcast that a statement put out earlier today by the administration, and placed at the top of the…

Since his now-famous Chicago Tea Party outburst from the floor of the Chicago Mercantile Exchange in February, CNBC's Rick Santelli had seemingly disappeared from the spotlight. However, on CNBC's March 17 "Squawk Box," Santelli, using similar theatrics, noted that the Obama administration as been very concerned about $165 million in bonuses paid out to American International Group (AIG)…