So much is being written in the mainstream media about who the tea partiers are, but very little is being recorded about what these folks are actually saying.
As the Obama administration and Senate Republicans clash over the future of the nation’s financial regulatory system, there is one principle on which they agree: Taxpayers should never again have to bail out giant financial institutions.
New York Attorney General Andrew Cuomo confirmed his office is investigating former Obama administration auto industry advisor Steven Rattner, in a growing probe into illegal kickbacks involving the state pension fund.
The White House and Democratic Congressional leaders said Wednesday that they would press forward with legislation to tighten regulation of the nation’s financial system. Rebuffing Republican criticism, the Democrats effectively dared the minority party to side with Wall Street by opposing the measure.
"There are so many taxes, I have three different tax attorneys that have to advise me on them." Good for tax attorneys. But not good for so many others.
In the spirit of tax week, here's a terrific video hosted by my old friend Dan Mitchell showing how a flat tax would benefit American families and businesses.
The number of new tax laws in recent years has been staggering. In 2009 alone, the American Recovery and Reinvestment Act added hundreds of new provisions and changed many existing laws...And we haven't even begun to mention tax law changes affecting businesses.
I think it’s increasingly evident that the Fed’s exit strategy — the unwinding of fiscal stimulus policies that have been in place for some time now — is under way.
Tomorrow, President Obama appropriately pivots from nuclear terrorism to financial regulatory reform. The President set a deadline date for this bill to come to the floor and be finished by Memorial Day.
Avon Products has put four executives on administrative leave, including three in China and one in New York, as part of an investigation of bribery allegations.
I want a different regime. I’m calling it cowboy monetarism. What do I mean by that? I want Wall Street to be scared to death of the Federal Reserve. I don’t want them lying around in bed with the Fed — I want them running scared.
Sometimes you have to take out your political lenses and look at the actual statistics to get a true picture of the health of the American economy. Right now, those statistics are saying a modest cyclical rebound following a very deep downturn could actually be turning into a full-fledged, V-shaped, recovery boom between now and year-end.
Regulators failed for years to properly supervise the giant savings and loan Washington Mutual, even as the company wobbled under the weight of risky subprime mortgages, a federal investigation has concluded.
Investment bankers have begun to develop ways in which banks might be able to circumvent the most punitive of the new capital rules being drawn up by international regulators.
...Is fear itself. Fear may be the single biggest obstacle holding back this stock market from the rise it truly deserves.
He may very well be the greatest central banker of all time. But with all due respect, Volcker’s call this week for a European-style VAT (as well as a carbon tax) is itself a historic mistake.
As the financial crisis causes more banks to fail, the cash-strapped FDIC may be forced to back away from its longstanding policy of preventing hedge funds from buying banks.
CNBC "Fast Money" trader is testing the derivative waters by purchasing a bond containing mortgages from 13 states.
Long before Toyota told U.S. regulators about sticking accelerator pedals, the Japanese automaker warned its distributors throughout Europe about similar problems, documents obtained by The Associated Press show.
The central bank basically sees no inflation at all on the horizon. They’re showing no imminent sign of ending their ultra-easy money for an extended period any time soon. But my message to them and to investors is this: Are you sure about this low-growth recovery?