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Keyword: bhowallstreet

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  • Jamie Dimon: I am (now only) 'barely' a Democrat.. (slams 'anti-Business')

    05/13/2012 6:25:03 AM PDT · by Milagros · 46 replies
    On NBC's Meet The Press,' just now (May 13, 2012: Jamie Dimon said it's not fair to blame 'all banks,' you know of a particular bank that does something wrong go after that specifically. I accept all criticism. I am now "barely a democrat." Asked: 'What do you mean "barely a Democrat," Are you not a Democrat anymore? I mean I am still a Democrat... but BARELY... The current admin. - (environment) very 'anti-Business.' I don't blame the president but the Democrats were much more destructive than the Republicans.
  • Here Is Why The Dow Just Passed 13,000

    02/21/2012 9:20:09 AM PST · by Para-Ord.45 · 41 replies · 1+ views ^ | February 21 2012 | Tyler Durden
    Wondering why the DJIA just passed 13K again? Wonder no more: as the chart below shows it is entirely due to the nearly $7 trillion pumped by global central banks into the world stock markets just in the past 4 years. As Sean Corrigan from Diapason notes, the aggregate global central bank balance sheet has doubled in four years, after doubling in the 5 years before that. We would add that with the entire centrally planned ponzi scheme hell bent on preserving the illusion of nominal gains, global liquidity is now fungibly sloshing from one market to another with absolutely...
  • Obama attacks banks while raking in Wall Street dough (More than any politician in 20 past yrs.

    10/12/2011 4:31:33 AM PDT · by Laissez-faire capitalist · 12 replies
    Daily Caller (via Yahoo News) ^ | 10/11/2011 | Staff
    Despite his rhetorical attacks on Wall Street, a study by the Sunlight Foundation's Influence Project shows that President Barack Obama has received more money from Wall Street than from any other politician over the past 20 years, including President George W. Bush ...
  • WOW: Morgan Stanley "Running Layoff Scenarios Into Several Thousand"

    07/13/2011 3:09:40 PM PDT · by SeekAndFind · 11 replies
    Business Insider ^ | 07/13/2011 | katya Wachtel
    Layoffs across Wall Street started in June and have continued through the summer. Morgan Stanley already begun reducing headcount in its brokerage. But it looks like things are about to get much worse. "The firm is “running layoff scenarios into several thousand folks,” said one person with direct knowledge of the matter" to Charlie Gasparino at Fox Business News. In June, Morgan Stanley's CFO, Ruth Porat, hinted there would be significant cuts coming to the bank's Smith Barney brokerage unit.
  • Wall Street bigs $kip O's glitzy Apple gala

    05/14/2010 1:15:27 PM PDT · by Nachum · 5 replies · 682+ views
    Wall Street bigs snubbed President Obama last night at a big-bucks campaign fund-raiser at The St. Regis hotel in Midtown. The gala -- where tickets went for as much as $50,000 a couple and whose proceeds were going to Democratic candidates -- featured stars such as Sarah Jessica Parker and Democratic Party regulars but few, if any, executives from the city's leading financial institutions. That was no accident, according to Democrats on Capitol Hill and Wall Street sources who say those in the financial industry are tired of being the punching bag for Obama and Democrats crafting legislation to tightly...
  • Wall Street bigs $kip O's glitzy Apple gala

    05/14/2010 7:36:38 AM PDT · by C19fan · 22 replies · 1,141+ views
    NY Post ^ | May 14, 2010 | Jennifer Fermino, Geoff Earle, and Charles Hurt
    <p>Wall Street bigs snubbed President Obama last night at a big-bucks campaign fund-raiser at The St. Regis hotel in Midtown.</p>
  • Stock Market Panic Dow Crash 1000 Points Before Fed Steps in to Buy

    05/06/2010 4:23:24 PM PDT · by blam · 77 replies · 2,128+ views
    The Market Oracle ^ | 5-6-2010 | Nadeem Walayat
    Stock Market Panic Dow Crash 1000 Points Before Fed Steps in to Buy Stock-Markets / Financial Crash May 06, 2010 - 02:56 PM By: Nadeem Walayat The sovereign debt crisis shock waves emanating out of Greece triggered a stock market Free fall crash today as the Dow sliced through support after support to all the way below Dow 10k, hitting a low of 9,872 before the Fed as part of the Plunge Protection Team (PPT) stepped in to halt the panic selling and triggering an equally phenomenal a 700 point reversal less than half an hour from today's close. The...
  • Goldman: Creeping Socialism Finds a Convenient Enemy

    04/29/2010 4:09:15 AM PDT · by Kaslin · 43 replies · 562+ views ^ | April 29, 2010 | Howard Rich
    In its quest to ram perpetual bank bailouts and draconian new government regulations through the U.S. Congress under the guise of “financial services reform,” the administration of Barack Obama and its allies have seized upon a convenient new enemy – Goldman Sachs. Armed with a government lawsuit tailor-made to stoke populist headlines, Obama and his allies want to further force Washington’s tentacles into a financial industry that it ostensibly “rescued” using trillions of dollars borrowed from future generations of U.S. taxpayers. “If we don’t change what led to the crisis, we’ll doom ourselves to repeat it,” Obama said recently in...
  • Obama To Wall Street: "I Do Think At A Certain Point You've Made Enough Money"

    04/28/2010 2:20:33 PM PDT · by ianschwartz · 68 replies · 1,683+ views
    RealClearPolitics ^ | April 28, 2010 | RealClearPolitics
    President Obama expresses he thinks Wall Street has made "enough money."
  • Goldman Sachs may not be the only firm in SEC cross hairs (Whoo hoo! Hussein smells corruption!)

    04/22/2010 10:31:33 PM PDT · by Libloather · 22 replies · 504+ views
    LA Times ^ | 4/22/10 | E. Scott Reckard
    Goldman Sachs may not be the only firm in SEC cross hairsThe agency’s fraud suit against the Wall Street giant may foreshadow similar cases against other financial firms and trigger a wave of private litigation. By E. Scott Reckard, Los Angeles Times April 22, 2010 | 3:32 p.m. The government's fraud lawsuit against Goldman, Sachs & Co. could portend cases against other financial giants that turned subprime mortgages into complex securities while also accelerating a surge in private litigation against Wall Street. In announcing the Goldman case, Securities and Exchange Commission enforcement chief Robert Khuzami said the agency was looking...
  • Goldman Sachs to Harry Reid: Back Off

    04/15/2010 10:37:11 AM PDT · by Maelstorm · 19 replies · 1,319+ views ^ | 4/13/10 | By MANU RAJU
    The Senate Majority leader, who’s getting pounced in the polls over his support for president Obama’s health-care plan and is now facing an uphill battle for re-election in his home state of Nevada, thought he was coming to friendly territory. He is, after all, a Democrat and a recent fundraiser in New York City was set up by Gary Cohn, president of Goldman Sachs (GS: 184.865, -0.097, -0.05%) and himself a long-time Democrat. But the reception Reid received from Goldman was anything but friendly. According to people with direct knowledge of the incident, during the event, which was held in...
  • Obama dares GOP to fight Wall St. bill

    04/14/2010 4:49:04 PM PDT · by Sub-Driver · 69 replies · 1,746+ views
    Obama dares GOP to fight Wall St. bill By: Carrie Budoff Brown and Glenn Thrush April 14, 2010 07:15 PM EDT For weeks, the White House strategy on financial regulatory reform remained an open question: Would President Barack Obama water down his bill just to get something passed – the way he did on health care? A Palin-esque “Hell no!” was the answer coming from the White House Wednesday as the president, his senior aides and his allies on Capitol Hill issued an ultimatum to Republicans fighting Democrats plans to overhaul financial oversight. “For the president, you have to be...
  • Bloomberg: Obama Wall Street Attacks Hurting NYC

    04/14/2010 2:25:15 PM PDT · by Sub-Driver · 11 replies · 518+ views
    Bloomberg: Obama Wall Street Attacks Hurting NYC Mayor, Others Say President's Ad Campaign, Among Other Things, Hurts City Like Attacking Oil In Texas, Corn In Iowa New Yorkers Say President Shouldn't Try To Fix What Can't Be Fixed Reporting Marcia Kramer NEW YORK (CBS) President Barack Obama met with House and Senate leaders to push bills to regulate the finance industry. But with Wall Street paying $8 billion a year in New York City taxes officials fear this rage against Wall Street will be another blow to new our already crippled economy. Obama's crusade against Wall Street has gone political....
  • Video: Erin Burnett Defends Wall Street Bonuses

    02/02/2009 4:11:55 PM PST · by careyb · 12 replies · 768+ views
    Meet The Depressed ^ | 2/1/09 | Erin Burnett
    I wonder what Claire McCaskill would think of this.
  • Obama gives Wall Street a tongue-lashing. Barney Frank jealous?

    02/02/2009 6:26:51 PM PST · by slomark · 28 replies · 965+ views
    Barack Obama is a man of the people. You can tell because CBS news said so. Here’s how they reported Obama’s angry reaction to big bonuses on Wall Street. “For a man who prides himself on being cool,” said Early Show correspondent Jeff Glor, “this was a rare flash of anger, if planned. A tongue-lashing directly from the Oval Office, which is indicating now they will look to change the rules if Wall Street doesn’t itself.” “…firms gave out $18.4 billion in bonuses to New York-based employees last year the same year the Dow Jones caved in 33%,” Glor continued....
  • Obama: Wall Street 'Arrogance and Greed' Won't Be Tolerated (yea, yea, whatever Obama!)

    01/31/2009 7:45:08 PM PST · by tobyhill · 48 replies · 1,285+ views
    abc ^ | 2/1/2009 | JOHN HENDREN
    President Obama, usually cool, was visibly angry in his weekly address, chastising corporate bankers for the second time this week for accepting taxpayer bailout money and then doling out $18 billion in executive bonuses. "The American people will not excuse or tolerate such arrogance and greed," Obama said in the video and radio message released today. "Even as they petitioned for taxpayer assistance, Wall Street firms shamefully paid out nearly $20 billion in bonuses for 2008." Administration officials challenged a report in The Washington Post that suggested Obama was unlikely to tighten restrictions on compensation for banks that accept bailout...
  • Greed is good, when Dems receive Wall Street money

    01/31/2009 5:55:21 PM PST · by markomalley · 9 replies · 480+ views
    American Thinker ^ | 1/31/2009 | Ed Lasky
    President Obama and Senator Dodd had no problem with Wall Street greed when it showered upon them.  Barack Obama and  Senator Christopher Dodd  were the two biggest beneficiaries of those greedy and arrogant Wall Street malefactors of wealth when it came to campaign funds. BET's the Daily Voice Blog wrote: Obama also expanded on blunt language he used earlier this week when he characterized as "shameful" the billions of dollars of Wall Street bonuses paid out at the end of last year even as the economy faltered. The president attacked Wall Street leaders who gave out the money while taking...
  • Dear Mr. President, A Bonus Isn't A Bonus

    01/31/2009 4:11:50 PM PST · by Eric Blair 2084 · 77 replies · 1,680+ views
    CNBC ^ | January 30, 2009 | Cliff Mason
    A bonus by any other name would smell just as sweet. The fury over the fact that Wall Street paid out $18.4 billion in bonuses in 2008, the "sixth largest" amount in history, is about words and nothing else. This isn't a compensation issue, it's a diction issue. Outside of lower Manhattan, a "bonus" is a special, one-off reward for performance above and beyond what's expected of an employee. And if investment bankers had gotten $18.4 billion worth of bonuses in that traditional sense of the word, then of course it would be truly outrageous. But on Wall Street, and...
  • Stocks stumble as investors fear worsening economy

    01/30/2009 2:01:51 PM PST · by EagleUSA · 21 replies · 1,018+ views
    Yahoo / AP ^ | 01/30/2009 | EagleUSA
    NEW YORK – Stocks slumped for a second straight day Friday as investors, already on edge about the worsening economy, were further rattled by a report that Washington's plans to help banks may have hit a snag. The Dow Jones industrials dropped 4.5 percent over two sessions; broader stock indexes are down more than 5 percent since Wednesday. Uncertainty about when the economy will improve has investors looking to Washington for answers. With the market particularly worried about the prospects of a big bank failure, investors have been hopeful that the government will soon release details of a wide-reaching plan...
  • Obama unlikely to toughen Wall St. pay rules: report (Bambi talking tough while making nice)

    01/31/2009 4:41:33 AM PST · by tobyhill · 8 replies · 374+ views
    reuters ^ | 1/31/2009 | reuters
    The Obama administration is not likely to impose tougher restrictions on executive pay on most firms receiving aid under the government's $700 billion financial rescue program, the Washington Post reported on Saturday. Citing a source familiar with the administration's deliberations, the Post said officials are concerned that harsh limits could discourage some firms from asking for aid.
  • Bonus Babies

    01/30/2009 5:44:45 PM PST · by Kaslin · 22 replies · 609+ views
    IBD Editorials ^ | January 30, 2009
    Capitalism: It's more than a bit scary when a powerful politician suggests that getting a bonus might get you prosecuted as a criminal. But that's where we are today. Welcome to the new world of post-bailout capitalism.We have to admit: For an industry that posted enormous losses in 2009 and is now on the government dole, $18.4 billion in "performance" bonuses for Wall Street executives seems a tad much. President Obama called it "shameful." "There will be time for them to make profits," he said Thursday with Treasury Secretary Tim Geithner by his side. "And there will be time for...
  • Wall Street tumbles (Worst Jan in S&P history)

    01/30/2009 12:45:09 PM PST · by Golddigger3 · 28 replies · 1,468+ views
    Reuters ^ | 1/30/09 | Ellis Mnyandu
    Stocks tumbled for a second straight day on Friday as a report saying a plan to relieve banks of money-losing assets may be put on hold compounded investor fears about fallout from the deepening recession. The benchmark S&P 500 briefly slid 2 percent as investors pummeled bank stocks immediately following a CNBC television report that the plan to mop up toxic assets might be put on ice. "The banking system is still in crisis mode," said Dean Barber, president of investment firm Barber Financial Group in Kansas City. "The surge we saw in financials earlier in the week was more...
  • The President Is Wrong On Wall Street Bonuses

    01/30/2009 1:20:10 PM PST · by brytlea · 71 replies · 1,599+ views
    Fox Business ^ | January 29, 2009 10:37PM | Brian Sullivan
    Hypothetical… A salesman for Company X - which makes widgets - has a quota of $1 million in sales per year. His compensation is $50,000 per year base salary plus 10% of everything he makes over quota. The salesman busts his rear all year, working the phones and hopping on airplanes. He does well, bringing in $2 million in sales, doubling his quota. His compensation is $150,000 that year. Additionally, those on his work support team - back office, administration, etc - would also likely share in that success. I suspect few in America would have a problem with that...
  • Obama Takes Cheap Shot at Wall Street; Implies MORE Job-Squashing Regulation

    01/29/2009 7:01:10 PM PST · by nysuperdoodle · 15 replies · 459+ views
    Evil Conservative Radio ^ | 29 January 2009 | EC
    President Barack Hussein Obama today opened fire on the biggest single source of capital aggregation and job creation in the world - Wall Street. Obama criticized the bonuses and earnings of Wall Street executives, an easy target in a down market and one that isn't likely to fire back....
  • Obama calls $18B in Wall St. bonuses 'shameful'

    01/29/2009 6:04:17 PM PST · by edcoil · 60 replies · 1,158+ views
    My Way ^ | 1-29-09 | edcoil
    WASHINGTON (AP) - President Barack Obama issued a withering critique Thursday of Wall Street corporate behavior, calling it "the height of irresponsibility" for employees to be paid more than $18 billion in bonuses last year while their crumbling financial sector received a bailout from taxpayers. "It is shameful," Obama said from the Oval Office. "And part of what we're going to need is for the folks on Wall Street who are asking for help to show some restraint, and show some discipline, and show some sense of responsibility."