Obama Woos Wall Street


"A few weeks before announcing his re-election campaign, President Obama convened two dozen Wall Street executives, many of them longtime donors, in the White House’s Blue Room."

Anonymous: Bernanke Is Next [Business Insider] "The most well-known hacker group, Anonymous, uploaded a video message to youtube yesterday calling for Fed Reserve Chairman ben Bernanke to resign, among other things."

BofA Faces Probe by NY Attorney General [Huffington Post] "New York Attorney General Eric Schneiderman has targeted Bank of America, the biggest U.S. bank by assets, in a new probe that questions the validity of potentially thousands of mortgage securities and their associated foreclosures, two people familiar with the matter said."

Banks Push Against Sweeping Tax Reforms [CNBC.com via Financial Times] "Banks and foreign governments are mounting an increasingly desperate push against a sweeping US tax law that will force overseas institutions to report their American clients to the Internal Revenue Service."