Politics Barack Obama

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  • Kenneth Lewis

    Bank of America won't need any more government bailout money and hopes to pay back the $45 billion it's received in three years, CEO Ken Lewis told CNBC.

  • It's buy the rumor on the stimulus package, the Geithner package, and hopes that mark-to-market will be modified.

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    The Democratic-led Senate will try again to pass a $937 billion stimulus package aimed at boosting the battered economy as some of the worst unemployment data in decades boosted political pressure for a deal.

  • Kenneth Lewis

    In his latest move to show support of his bank, Bank of America Chief Executive Ken Lewis spent almost a million dollars this week to buy additional shares of his struggling bank.

  • Where’s that infrastructure build-out we were promised? What about the job creation? Why is the new president’s stimulus package such a disappointment? China got it right.

  • The Obama administration plan to be announced Monday envisions a smaller, secondary role for the bad bank concept and will also involve less money than first thought.

  • Hope for clarity on government programs moved stocks today. Several key events made it clear we are starting to approach the endgame on government programs.

  • Here's the unofficial transcript of my interview with my old friend, Jared Bernstein, on Team Obama's stimulus plan. Jared recently accepted a position as Vice President Biden's top economic adviser.

  • Treasury Secretary Timothy Geithner

    Timothy Geithner stood alongside President Obama yesterday. Obama talked about bank compensation limits and Geithner spoke about the need for trust, confidence, and faith in our leaders to get the job done. However, Mr. Geithner is guilty of a double standard.

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    Which kind of stimulus plan do you think will get our economy going again?

  • Last week I told you about an upcoming PowerShares Exchange Traded Fund (ETF) called the Alt-A Non-Agency RMBS Opportunity Fund.

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    President Barack Obama warned that failure to act on an economic recovery package could plunge the nation into a long-lasting recession that might prove irreversible, a fresh call to a recalcitrant Congress to move quickly.

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    Obama's move to cap executive pay is getting all the attention, but did you know it’s just the first step in a much larger plan to reign in compensation?

  • Stocks turned mixed Wednesday as some disappointing earnings reports cast a pall over a pair of better-than-expected readings on the economy.

  • Commerce Secretary Judd Gregg

    An ex-aide to Commerce Secretary nominee Judd Gregg is under investigation for allegedly taking baseball and hockey tickets from a lobbyist in exchange for legislative favors.

  • Banks are again weakening midday, with all eyes on Bank of America. What's up?

  • Stocks turned mixed Wednesday as some disappointing earnings reports cast a pall over a pair of better-than-expected readings on the economy.

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    Tuesday the House dropped a provision from the stimulus bill that would allow film projects in 2009 to qualify for 50 percent write-offs, worth some $250 million in tax breaks.

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    The President just imposed $500,000 caps on senior executive pay for the most distressed financial institutions receiving federal bailout money.

  • business check

    It's today's hot topic on the Street - time for you to weigh in.