Category Archives: Wall Street

Saturday Morning Cartoons: SchoolHouse Rock – Walkin’ On Wall Street

After this week’s Wall Street roller coaster ride, one could only hope that investing was so easy that a pigeon could do it. Unfortunately many feel otherwise after losing a fortune after S&P downgraded American debt last weekend.

BTW – Don’t forget to eat your Cheerios

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Filed under debt crisis, investing, Saturday morning cartoons, School House Rock, Standard and Poors, Wall Street

Friday Funnies: E-Trade Baby Loses Everything

With all of the volatility surrounding the stock market this week, fortunes have been lost and regained in record time. It’s enough to make even the E-Trade baby a little sick.

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Filed under E-Trade baby, Friday Funnies, stock markets, Wall Street, You Tube

No More Tax Payer Bailouts: WHAT WALL STREET REFORM IS DOING FOR YOU

This morning, a group of public servants showed up to work at a brand-new agency created to protect everyday Americans from the abuses of Wall Street.

They’re the folks of the Consumer Financial Protection Bureau, and they’ll be the cops on the beat protecting consumers from predatory credit card and mortgage lenders, bait-and-switch creditors, and anyone trying to make a quick buck by deceiving or manipulating Americans who are just trying to secure their financial future.

Many Americans don’t know it, but this bureau is just one part of a sweeping Wall Street reform law — the most pro-consumer and pro-taxpayer reform of our financial system since the Great Depression — that President Obama signed a year ago today.

Watch this video to get a quick overview of the law, and a briefing on the special interests trying to undermine it:

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Filed under consumer protection, financial reform, Great Depression, President Obama, tax payer bailouts, Wall Street

>President Obama’s Weekly Address 10/23/10 : Letting Wall Street Run Wild Again

>Pointing to the foreclosure crisis and the economy, the President cites passage of Wall Street Reform over the ferocious lobbying of Wall Street banks as a pivotal acheivement — and condemns Republicans in Congress for vowing to repeal it.

http://www.whitehouse.gov/sites/all/modules/swftools/shared/flash_media_player/player5x2.swf

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Filed under Congressional Republicans, Economic Crisis, mortgage foreclosures, President Obama, Wall St. Reform, Wall Street, Wall Street reforms, weekly address

>Don’t Forget the Bush History

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Good column below that should remind people of what we are in for if the Republicans once gain control Washington – “Lest We Forget”

By Robert Parry-ConsortiumNews.com

According to almost all media accounts, American voters are on the verge of rewarding the Republican Party for its determined efforts to block Democratic job-creating efforts and President Obama’s other modest reforms.

Amazingly, Wall Street leaders – after getting salvaged by government intervention themselves – are calling for more Republicans in Congress to prevent government initiatives to help other Americans get back on their feet.

There is a strange consensus emerging that, for want of a better phrase, “gridlock is good.”

So, is the United States about to take yet another flyer with “Reagan-Bush-ism,” the “government is bad” ideology that has dominated the nation’s precipitous decline over the past three decades?

Has the Right’s media power left Americans so confused that they have forgotten how the country emerged from the Great Depression and built the great American middle class, with a combination of government infrastructure-building and private enterprise? Have the painful lessons of the George W. Bush administration been forgotten already?

Philosopher George Santayana famously said, “Those who cannot remember the past are condemned to repeat it.” But he surely didn’t think that the people of a modern nation would forget their own history in less than two years.

That was one of the reasons for publishing the book, Neck Deep: The Disastrous Presidency of George W. Bush, which I wrote with my sons, Sam and Nat, in the final years of Bush’s reign. As difficult as it may be to relive some of that history, it is important to remember – or it will be repeated.

Robert Parry broke many of the Iran-Contra stories in the 1980s for the Associated Press and Newsweek. He founded Consortiumnews.com in 1995 as the Internet’s first investigative magazine. He saw it as a way to combine modern technology and old-fashioned journalism to counter the increasing triviality of the mainstream U.S. news media.

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Filed under Conservative Republicans, consortiumnews.com, George Bush, gridlock, President Obama, Ronald Reagan, Wall Street

President Obama’s Weekly Address: 5/1/10 Giving Government Back to the American People

As the President beats back lobbyists seeking to weaken Wall Street Reform, he talks about an even broader threat that would vastly expand the influence of massive industries and their lobbyists in Washington. A recent Supreme Court decision opened the floodgates for corporations, including foreign corporations, to spend endless money on political ads that would give them even more power at the expense of American families – the President pledges to fight for reforms to stem that influence.

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Filed under american families, financial reform, political adds, President Obama, Supreme Court, Wall Street, weekly address

President Obama’s Weekly Address: 4/24/10 Good News from the Auto Industry

As the auto industry and financial markets begin to stabilize, the President says the government’s emergency interventions are now winding down. He pledges that real reform, particularly on Wall Street, must now begin.

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Filed under Auto Industry, bailout, financial reform, President Obama, Wall Street, weekly address