Politics Barack Obama

  • President Barack Obama

    President Obama wants to cut down to size those too-big-to-fail banks. But his vow on Thursday to rewrite the rules of Wall Street left many questions unanswered, the New York Times reports,  including the big one: Would this really prevent another financial crisis?

  • Invoking the name of Saint Paul of Volcker is not a bad ploy if you want to get attention. But what the President said could be called the Volcker plan is not getting a good reception on Wall Street.

  • Dr. Marc Faber

    Interventions in the market will bring about unintended consequences, the author of the "Gloom, Boom & Doom Report" said. He also weighs in on the dollar, stocks and gold.

  • Investors who want to make money in this environment should be buying a different kind of bank, the Mad Money host says.

  • In yet another move to take on Wall Street, President Obama Thursday will propose limits on risk-taking at big financial firms, according to administration and industry sources.

  • Had the White House not provided the market with a negative catalyst, would something else have taken markets lower?

  • Traders_stocks_down_200.jpg

    President Obama's crackdown on big banks could slow the economic recovery and spark a major selloff in stocks, some experts said.

  • If losing a senate seat in Massachusetts is what it took to make this administration finally address the excesses that led to the largest financial collapse in eighty years, then the American people owe the voters of Massachusetts a big thank you.

  • Rep. Barney Frank, chairman of the House Financial Services Committee, said on our air that he would support bank rule changes—but only over a longer time frame, which he said would be in the range of "three to five years."

  • In the upcoming book, "13 Bankers: The Wall Street Takeover and the Next Financial Meltdown" authors Simon Johnson and James Kwak say the nation’s biggest banks are indeed way too big (spectacularly big) and that reform is needed now to prevent a second financial crisis.

  • According to a top technical analyst, 'we now have a macro bearish head and shoulders top' in Goldman. 'The neckline has been pierced,' he says.

  • Oh, calm down. Worries about an imminent correction are a bit overblown, at least at this point. The S&P 500 hit a 15-month high of 1150—on Tuesday! A correction is a decline of 10 percent—the S&P would have to drop to 1035 to be in that territory...

  • President Barack Obama

    President Obama has begun focusing greater attention on the nation's angst and anger over the economy,  including unemployment, government expansion, Wall Street excesses and federal deficits.

  • Great news! We're growing too fast. China's GDP surged 10.7 percent in the fourth quarter compared to the same period a year ago, above expectations of a gain of 10.5 percent. Economic growth for 2009 came in at 8.7 percent. The minimum usually cited to continue to create jobs is 8 percent, so by any measure China is in good shape (assuming the numbers are accurate).

  • Wednesday was the first anniversary of President Obama's Presidency. The gleeful Republicans are celebrating what they declare to be a repudiation of the President's agenda making for a tough anniversary.

  • microscope_200.jpg

    President Barack Obama and his Democratic allies are conceding for the first time that they may have to accept a less ambitious health overhaul bill than the massive one they've struggled for a year to assemble.

  • Warren Buffett was interviewed live this morning (Wednesday) on CNBC's Squawk Box, ahead of a special Berkshire Hathaway shareholders meeting to approve the company's proposed Class B stock split.   This is the third part of an unofficial transcript of the entire one-hour interview conducted by Becky Quick.  In this section, Buffett discusses his unhappiness with Kraft's deal to acquire Cadbury.

  • Banks holding up better than the rest of the market today, on several events. But the cynics are not going away. Here are their point/counterpoint arguments.

  • Plus, get calls on the latest bank earnings and more.

  • 100120_berkshire_stock_split.jpg

    Warren Buffett was interviewed live this morning (Wednesday) on CNBC's Squawk Box, ahead of a special Berkshire Hathaway shareholders meeting to approve the company's proposed Class B stock split.   This is the third part of an unofficial transcript of the entire one-hour interview conducted by Becky Quick.  In this section, Buffett discusses his unhappiness with Kraft's deal to acquire Cadbury.