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Politics Barack Obama

  • 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.

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    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.

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    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.

  • 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 second part of an unofficial transcript of the entire one-hour interview conducted by Becky Quick.  In this section, Buffett discusses compensation of bank CEOs, restricting leverage, Americans' frustration with their government, and why businesses aren't hiring.

  • He said, said she said...Chinese bank official denies banks told to stop lending in January. Global stocks have been down today on widely published reports that Chinese authorities are are finally serious about cooling off the asset (commodity and real estate) bubble that has developed in China.

  • It just goes to show you, not even the president is immune to the real-estate slump: The value of the White House is down more than $15 million in the past year, despite improvements the Obamas made such as a vegetable garden and fancy swing set.

  • President Barack Obama

    The bigger upshot from the Massachusetts vote is this: Maybe we weren't repudiating 30 years of Reagan-style, less-is-better government when we elected Barack Obama president. Maybe we voted for the man because we liked him—and now we're realizing we DON'T like his policies.

  • Scott Brown

    Considering the tradition-defying results, many people are viewing the election as a message from voters.

  • Sen. Christopher J. Dodd (D-CT) speaks at a news conference following the Senate's cloture vote on health care reform legislation on Capitol Hill.

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  • Scott Brown

    The victory in Massachusetts for Republican Scott Brown over Democrat Martha Coakley is seen by political strategists as a repudiation of the current health care legislation and the policies of the Obama administration.

  • If you're wondering about why the markets are weak today, the primary catalyst is China. Like it or not, China is the big kahuna in terms of economic growth. Also: The "worst mutual fund ever" shuts down.

  • President Barack Obama

    President Barack Obama on Wednesday ordered a new crackdown on federal contractors who don't pay their taxes.