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Dodd-Frank

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End-Of-Term Report: Obama’s Record Is Better Than The Woes Of America’s Economy Suggests

via The Economist Not since 1933 had an American president taken the oath of office in an economic climate as grim as it was when Barack Obama put his left hand on the Bible in January 2009. The banking system was near collapse, two big car manufacturers were sliding towards bankruptcy; and employment, the housing … Continue reading

Obama Super PAC Shunned By Big Donors Citing Range Of Reasons

via Paul Blumenthal, The Huffington Post The push to raise unlimited contributions by a super PAC backing President Barack Obama’s reelection has run into a number of hurdles since Priorities USA Action was set up by former White House aide Bill Burton in 2011. Major Democratic donors have shunned the group, denying it funds to … Continue reading

Citigroup Shareholder Sues CEO, Directors For Outsized Executive Pay Packages

via Reuters, The Huffington Post Days after being rebuked by shareholders, Citigroup Inc Chief Executive Vikram Pandit and the bank’s directors have been sued for allegedly awarding outsized pay to top executives. The complaint filed Thursday in Manhattan federal court accuses directors of breaching their fiduciary duties by awarding more than $54 million of compensation … Continue reading

Bill Daley Resigning: Obama Chief Of Staff Stepping Down

via Jennifer Bendery and Zach Carter, The Huffington Post In a move that next to nobody in the White House saw coming, President Barack Obama announced Monday that William Daley is resigning as his chief of staff and being replaced by budget director Jacob Lew. “Last week, my chief of staff Bill Daley informed me … Continue reading

Bachmann Says She Will Not Continue In The Race

via Sarah Wheaton, The New York Times On the morning before Iowa’s first-in-the-nation caucuses, Representative Michele Bachmann of Minnesota said she was counting on a “miracle” to resurrect her faltering campaign. On the morning after, she acknowledged that it was beyond saving. Mrs. Bachmann said on Wednesday morning that she would not continue her campaign … Continue reading

Bank Lobbying On Track To Reach Record High This Year

via The Huffington Post Big banks are on track to spend a record amount lobbying lawmakers this year. The five banks that spend the most on lobbying have boosted their lobbying outlays by 12 percent in the first three quarters of 2011, compared to the same period last year, according to an analysis by the … Continue reading

Bank of America Scraps Plans For Debit Card Fee

via Tom Braithwaite, Financial Times Bank of America became the latest US bank to scrap plans for a debit card fee, acting after worries that customers of the second-largest US bank by deposits would move their accounts. BofA said its u-turn was a “response to customer feedback and the changing competitive marketplace”. Analysts had worried … Continue reading

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