Tag: Wall Street

DENVER-- Democratic U.S. Senate candidate Andrew Romanoff reveled in his caucus victory during a press conference Wednesday morning. He called it a populist victory that sent a message to Washington and Wall Street and he leveled a new round of attacks on primary opponent U.S. Sen. Michael Bennet.

WASHINGTON-- It was meant to be a populist legislative victory that would usher Democrats straight through the 2010 midterm elections: a sweeping health care reform bill offering affordable coverage to tens of millions of uninsured Americans, while preventing insurance companies from denying coverage based on pre-existing conditions.

Then came Massachusetts.

Pres. Obama called that meeting a week ago to scold the captains of the finance industry. The captains called the president to say that,...

WASHINGTON-- Appearing before a House panel on Thursday, Treasury Secretary Tim Geithner made his best pitch for legislation granting the White House broad new powers to seize Wall Street firms when their collapse might torpedo others in the industry. It didn’t go so well.

For many people, one of the confounding things about the financial crisis has been trying to grasp exactly what happened on Wall Street —...

Elizabeth Warren, the Harvard law professor who chairs the $700 billion financial bailout program oversight panel, offers a sobering view of the prospects for middle class families as they drown in personal debt from housing, health care and other costs attributed to suburban life.

Ringing the opening bell of the New York Stock Exchange on location at Beaver Creek ski area Dec. 5 before a men’s World Cup alpine ski race might seem like a good idea for the Colorado-based corporate executives who will do the ringing, but that depends on how the market fares.

It's enough to make your head spin. Seems like every time we turn around, someone's proposing another multi-hundreds of billions of dollars to bail out this, shore up that or rebuild something or other. Remember in the distant past of September, when the $700 billion rescue plan shocked everyone from Wall Street to Main Street? That was just the beginning.

That sound you hear isn't the economy trickling down but what may prove to be the slow drip-drip-drip of a public repudiation of a long-held conservative political belief that "government is not the solution to our problems; government is the problem."

A Colorado College political science professor paints a grim picture of the economic crisis facing the Obama administration and the constraints it will put on any attempt to redirect foreign policy. In an interview published Wednesday on the Harper's Magazine Web site, international politics expert David Hendrickson — who recently wrote "Cause for Depression," a pictorial guide to the financial crisis — spoke to Ken Silverstein and offered some dire predictions and grim warnings.