Banking/Finance

On Wednesday's CBS Early Show, fill-in co-host Erica Hill cheered the passage of financial reform legislation as "another huge milestone for President Obama." Hill went on to explain: "The first was when he signed the historic health care bill back in March. Today he is set to sign a bill aimed at completely overhauling Wall Street."White House correspondent Chip Reid began a report on the new…

Some investigative reporters still live up to their job descriptions. On the July 20 edition of "CBS Evening News," reporter Sharyl Attkisson exposed how government-sponsored entity (GSE) Fannie Mae and mortgage lender Countrywide "scratched each other's backs" while their toxic loans fueled America's mortgage crisis. Attkisson revealed new documents showing that Countrywide gave "very…

Chrystia Freeland, global editor-at-large for Reuters, believes the new financial regulations are still pretty loose."It is still a very feudal, very Byzantine regulatory system," Freeland complained on the PBS News Hour with Jim Lehrer, referring to the Senate's approval of a financial regulations bill yesterday.A radical policy, Freeland maintained, could have done away with the current "…

On Thursday's CBS Evening News, anchor Katie Couric touted the just-passed financial reform bill as a "big win" for President Obama, "as was the passage of health care reform." She then lamented how despite that: "...there are rumblings he's in big political trouble as the midterm elections approach."In the report that followed, White House correspondent Chip Reid proclaimed: "...the President…

Reporting Thursday from Capitol Hill, MSNBC congressional correspondent Luke Russert touted a likely win for Senate Democrats on the Financial Reform Bill, saying it would be a "huge victory.""Obviously, [President Obama] ran on the slogan 'Change you can believe in,' with health care reform and financial regulatory reform," Russert commented, thus tying the passage of the financial reform bill…

The financial regulations package recently passed by the House of Representatives would create a new diversity overseer at each of the major federal financial regulatory agencies, including the new ones created by the legislation itself. This new office, called the Office of Minority and Women Inclusion, would take over from any existing diversity or civil rights office already working at…

While some on the left side of the aisle in Congress are getting all starry-eyed about prospects of more federal stimulus spending, the first round of stimulus under President Barack Obama may have done even less to help the ailing economy than supporters claim. On MSNBC's July 9 broadcast of "The Daily Rundown," co-hosts Chuck Todd and Savannah Guthrie interviewed CNBC "Closing Bell" anchor…

ROTF, laughing my Demos off . . . Barack Obama is president.  Oil is gushing in the gulf.  America was eliminated from the World Cup.  Looking for a laugh break? Try this: MSNBC has described DEMOS as "non-partisan."  OK, I hadn't heard of them, either.  But their web site just happens to mention that Barack Obama is "a founding Board member."But that didn't stop Chris Hayes of the lefty Nation…

Can anyone think of an angrier group of writers in political punditry than the ones currently published at Salon.com? Throughout the Elena Kagan hearings, both Joan Walsh and Joe Conason have written anti-Republican screeds accusing GOP lawmakers of all sorts of unsavory things to score political points despite what's likely be a certain confirmation. However, this disposition goes beyond…

On CNBC's June 29 broadcast "Power Lunch," Rep. Paul Kajorski, D-Pa. made a pretty prediction about the Dow Jones Industrial Average (DJIA) should Congress be unable to pass financial regulation legislation. [Video Available Here] "You know, I wish every one of them would ask the question and also the industry and media, what happens in this country if this bill fails?" Kanjorski said. "Do you…

Fresh off his Tea Party cover story in the June 24 Weekly Standard, CNBC's Rick Santelli foresees what could be classified as an economic black hole for the United States of America.On the network's June 24 broadcast of "Strategy Session," the CME Group reporter explained how the country could be headed down the same path and face the economic calamity the Japanese faced in what is known as the…

Don't be surprised if you open up the June 24 USA Today and find pom poms in the ‘Money' section. Reporters-turned-cheerleaders Paul Wiseman, Jayne O'Donnell and Christine Dugas wrote a glowing 38-paragraph story about the proposed Bureau of Consumer Financial Protection (BCFP). The story even included a section called "keys to a new agency's success" with quotes from "experts" at a wide…

Real Clear Politics currently has a video highlighting statements by Democratic Congressman James Clyburn Jr. of South Carolina. It teases the video with a question asked by Candy Crowley of CNN. Once one sees the entire sequence, it's clear that Clyburn really answered Crowley's question before she even asked it. Here's the full transcript of the vid, which begins after Indiana Republican…

On February 19, 2009, Rick Santelli helped create a movement whose political impact has not yet been fully realized. The "Rant Heard 'Round the World," as it has become known, was a profound, if hardly isolated example of the power of conservative pundits to enact political change.That power has grown as Americans have become more sympathetic to the economic conservative argument--both the moral/…