Tag: wall street

Warner on Trump order targeting Wall Street reform

U.S. Sen. Mark R. Warner issued a statement regarding President Trump’s order targeting the Dodd-Frank Wall Street reform law.


bernie sanders

The short memory of Bernie Sanders

During his interview with the New York Daily News, Bernie Sanders was asked to specify the fraud committed by Wall Street banks.


bernie sanders

Bernie Sanders calling Clinton bluff on Wall Street speech transcripts?

The Bernie Sanders campaign on Friday urged Hillary Clinton to keep her word and release the transcripts of speeches she gave to Wall Street firms “when everybody else does.”


bernie sanders

Bernie Sanders winning support for Wall Street reform plan

The Wall Street reform plan of Democratic Party presidential candidate Bernie Sanders has the backing of 170 economists and financial experts.


bernie sanders

Bernie Sanders: Wall Street will play by the rules if I’m president

U.S. Sen. Bernie Sanders promised to remake the financial system to serve America’s working families.


Hillary Clinton proposes plan to tackle Wall Street abuses

Today Hillary Clinton unveiled proposals to tackle excessive risk-taking and enhance accountability both on Wall Street and throughout the financial sector.


tax

No more tax break Christmas trees

Christmas came early this year to some of Washington’s biggest special-interest groups when Congress passed legislation that was laden like a decorated Christmas tree with some of the finest-looking and most expensive ornaments lobbyists can buy.


robert hurt

Robert Hurt: Dodd Frank’s impacts continue to hamper Main Streets

Four years ago, President Obama signed the Dodd Frank Act, which was intended to address the underlying issues that led to the financial crisis and create a safer financial system.


Holly Sklar: Small businesses want minimum wage increase

If Congress actually listened to small business owners, the minimum wage would be going up. Instead, July 24 will mark five years without an increase since the federal minimum wage was set at $7.25 an hour in 2009.


tax

How a fairer tax code can improve America’s infrastructure

As Congress heads home to celebrate the Fourth of July, it leaves with two critical issues unaddressed. The first is the increasing – and troubling – trend of big corporations essentially giving up their American citizenship and reincorporating overseas to reduce their U.S. taxes.


dave brat

Dave Brat blasts Eric Cantor for humanitarian crisis

The crisis at the border is growing every minute, every hour, every day. No House Congressman has done more to encourage illegal immigration than Eric Cantor, who claims amnesty is required by the “the great founding principles of our nation.”


mark warner

Mark Warner announces Senate campaign co-chairs

Sen. Mark Warner’s re-election campaign today announced eight Virginians from across the Commonwealth who will serve as campaign co-chairs.


mark warner

Mark Warner Senate campaign has raised $1.4M since April 1

Senator Mark Warner’s re-election campaign today announced that it has raised more than $1.4 million since April 1, bringing the total raised to date to more than $12.6 million.


tax

You pay taxes: Why doesn’t General Electric?

You pay your fair share of taxes. Small businesses do too. It’s the price we pay to educate our kids, protect our communities and have some security in retirement. Why shouldn’t some of America’s largest corporations pay their fair share too?


mark warner

Mark Warner Senate campaign reports $11.2 million in fundraising

Sen. Mark Warner’s re-election campaign announced its first quarter fundraising numbers today. During this election cycle, Friends of Mark Warner has raised more than $11.2 million and has over $8.8 million cash on hand.


Tea Party Scorecard: Randy Forbes, Robert Hurt in lockstep

Virginia’s swing district Republicans, a list that now includes Reps. Randy Forbes and Robert Hurt, vote with the most extreme wing of their party on the vast majority of issues, according“Tea Stained,” a groundbreaking new legislative scorecard compiled by Americans United for Change.


randy forbes

Randy Forbes: Betting the farm

We do our nation no good when we attempt these broad comprehensive plans at the federal level. Why? Because we bet the farm. Even if reforms are necessary, going all-in when the stakes are high is incredibly risky.


mark warner

Mark Warner starts 2014 campaign with $7.1 million cash on hand

Friends of Mark Warner, the 2014 campaign of U.S. Sen. Mark R. Warner of Virginia, announced its year-end fundraising numbers today. During the fourth quarter of 2013, the campaign received contributions totaling nearly $1.6 million. Friends of Mark Warner ended 2013 with more than $7.1 million cash-on-hand.


Frank Clemente: This Christmas, help the unemployed, not Wall Street

When holiday shoppers make a bad choice, the worst result may be an ugly sweater. But Congress recently made a bad choice that will ruin the holidays for over a million families—and will spoil the coming new year for millions more.


democrats republicans

Chris Graham: Unchained melody

Unchain Wall Street. Put us back in chains. It’s OK to say one, but not the other. Shame on all y’all, really. The toothpaste is out of the tube, so it’s only going to get much, much worse between now and November. But that said, haven’t we all had it up to here and beyond with the negativity? This is what we get for putting in place a Supreme Court that felt it necessary to protect the rights of billionaires to spend as much money as they can to help their favored candidates win elections


Holly Sklar: Wall Street has already voted

Before Wall Street drove our economy off a cliff, bullish Citigroup strategists dubbed the United States a “plutonomy.” They said, “There are rich consumers, few in number, but disproportionate in the gigantic slice of income and consumption they take. There are the rest, the ‘non-rich,’ the multitudinous many, but only accounting for surprisingly small bites […]


David Brodwin: The business case for fair elections

This year, the United States Supreme Court reversed years of precedent limiting how corporations may spend money to influence elections. This decision will substantially increase the importance of corporate influence in politics—both in determining who gets elected and how they decide once they are in office. As executives, owners, investors, and business professionals involved in […]


Mark Warner: Every Virginian has a stake in Wall Street reforms

Our nation will take an important step forward today to bring greater accountability to Wall Street and provide greater security to folks on Main Street. Every Virginian has a stake in the comprehensive financial reform legislation that becomes law today. Eighteen months ago, our nation was on the verge of an economic catastrophe. Many families […]


Frank Knapp Jr.: Restoring balance between Wall Street and Main Street

Column by Frank Knapp Jr. Submit guest columns: freepress2@ntelos.net   The South Carolina Small Business Chamber of Commerce, the U.S. Women’s Chamber of Commerce and small business organizations and owners across this country want Wall Street Reform. But you wouldn’t know that from the attention the media gives to the U.S. Chamber of Commerce, which […]


David Hills and Michael Lent: Financial reform

Column by David Hills and Michael Lent Submit guest columns: freepress2@ntelos.net   Millions of America’s small business owners suffer from bad practices on Wall Street – something often given short shrift in debate about creation of a consumer financial protection agency.


President Obama remarks on the economy

   Speech by President Barack Obama www.whitehouse.gov I’ve just finished a candid and productive meeting with the CEOs of 12 of our nation’s largest financial institutions. I asked them to come to Washington today – at the end of this difficult year for their industry, but also for the economy – to discuss where we’ve […]


Remarks from Deputy Treasury Secretary on financial services

Thank you, John, for that kind introduction. Good afternoon, everyone, and thanks for the opportunity to be with you today. This is, I think, a particularly important time for you to be gathering – and a particularly opportune moment for me to talk with you about some of the reforms that the Administration has proposed […]


Raj Date | Establishing minimum standards for the safety of financial products

Given the urgency and severity of the financial crisis, it is not surprising that most policymakers have to date been focused on here-and-now tactical initiatives to stabilize the financial system, rather than laying the foundation for a more sound and better regulated system in the future. 


Shane Lam | A checklist for surviving the financial crisis

Over the past few months, the news has been almost incomprehensible. It’s hard for many of us to make sense of the failure of major Wall Street firms and large banks and the $700 billion bailout of the financial sector. And it’s hard for investors to be calm when stocks have fallen more than 40 […]


A downturn, or a chance to regroup?

I don’t want to accept that we’re in an “economic downturn” just because everybody says that we are. OK, sure, I get it. The banks aren’t loaning money because they got burned by the subprime-lending fiasco. And now the auto industry is supposedly on the kabosh. And factories are laying off left and right, just […]


Sam Rasoul | 10 Points To Help Rebuild Our Economy

On the verge of global economic collapse, we hear many ideas about how to improve our economy. Just spending more is not going to work. You can add all the fuel you want to a broken engine, but our nation needs to make some fundamental changes. If we are going to spend trillions in taxpayer […]


Another bailout? Seriously?

I’ve been going back and forth on the proposed Big Three bailout, and right now I’m at No, bad idea. And here’s why – and why I think I’m going to stay on No, bad idea, for the duration. They’re not where they are because of bad luck or the more general economic downturn. They’re […]


David Reynolds: Why it happened

Column by David Reynolds Greed. That’s OK for a one-word answer. But the editor allots me 800 words each week, so I should say a little more. I could say that before their sudden death, the investment banks were not subject to the same regulatory controls we place on commercial banks. But that is still […]


Business and Economy: Let ’em go under?

Column by Chris Graham freepress2@ntelos.net To my surprise, that’s what I’m hearing friends on both the Democratic and Republican sides of the aisle say about the proposed $700 billion Wall Street bailout. “If it was your business that was failing, they wouldn’t bail you out,” one friend who is a Downtown Waynesboro business owner told […]


Videocast: Stocks tumble as bailout deal fails

Video from an Associated Press report on the mood on Wall Street in the wake of the failure of Congress to come to an agreement on the proposed bailout. Length: 2:12


Business and Politics: Fiddling while Wall Street is burning

Story by Chris Graham freepress2@ntelos.net A funny thing happened on the way to John McCain riding in on his white horse to solve the Wall Street crisis – the horse was late, and by the time McCain got involved, they’d had the crisis solved without him. And then a funnier thing happened – when McCain […]


Videocast: Bush addresses bailout negotiations

Video from the Associated Press featuring President Bush talking about the stalled negotiations on a proposed $700 billion Wall Street bailout. Length: 2:11


Live Blog: Should the debate go on as scheduled?

Moderated by Chris Graham freepress2@ntelos.net I’m interested to hear what people think about the move of John McCain to request that Friday’s scheduled presidential debate be scapped for the reason that it would allow the presidential candidates to focus their time and energies on working toward a solution to the Wall Street meltdown. Comment below. […]