Free Republic

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.

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...

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 ...

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 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...

<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 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...

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...

President Obama expresses he thinks Wall Street has made "enough money."

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...

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 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 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....

I wonder what Claire McCaskill would think of this.

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....

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...

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...

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...

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...

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.