Is Washington likely to break up the country’s biggest banks? No, not right now. But perhaps soon. Political momentum for dismantling them has been, in recent weeks, overstated. That unanimous vote in the Senate for a budget amendment critical of big banks? It was a nonbinding amendment to end “too-big-to-fail subsidies.” As it happens, there… Read more »
Posts Tagged: Wall
Shocking news: Wall Street wants Schumer instead of Brown in Banking chair
The idea of Chairman Sherrod Brown at the helm of the Senate Banking Committee is the only thing scarier to Wall Street than Sen. Elizabeth Warren sitting on that committee. For good reason; Brown has made it clear that too big to fail banks are simply just too big to exist. The chairman they want?… Read more »
Wall Street Journal editors call NKorea actions ‘all a bluff’
As of late North Korean leader Kim Jong-un has been saying and doing aggressive things like having his military shoot targets marked as U.S. soldiers. Aside from acknowledging the bravado and making similar threatening displays with U.S. troops in South Korea, the Obama administration has done little in response. Editors of the Wall Street Journal… Read more »
‘Political Intelligence’: Former Obama Officials Turn D.C. Scoops into Wall Street Cash
A new Forbes article by Government Accountability Institute (GAI) President and Co-founder Peter Schweizer reveals that former Obama Administration officials and fundraisers are now leveraging their access and influence to bag big billings from Wall Street investment firms as part of the shadowy, emerging industry known as “political intelligence.” Political intelligence firms are companies that… Read more »