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Keyword: wallstreet

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  • Trump entertains breaking up big banks with Glass-Steagall

    05/01/2017 4:48:53 PM PDT · by huldah1776 · 22 replies
    WASHINGTON EXAMINER ^ | May 1, 2017 | Joseph Lawler
    [txt on image] Trump: Considering Rewrite or Elimination of Dodd-Frank President Trump entertained the idea of breaking up big banks Monday, sending major Wall Street stocks lower. Trump suggested that he is considering reinstating some form of Glass-Steagall, the repealed law that for decades mandated a separation between commercial and investment banks. "There's some people that want to go back to the old system, right? So we're going to look at that," Trump said when asked about the policy by Bloomberg.
  • Warren, Sanders unhappy by Wall Street-paid Obama speech (squaw on warpath again)

    05/01/2017 2:34:43 AM PDT · by Zakeet · 32 replies
    AP ^ | April 28, 2017
    U.S. Sens. Elizabeth Warren and Bernie Sanders are not happy about reports that former President Barack Obama will be paid $400,000 to speak at a September health care conference put on by the Wall Street firm Cantor Fitzgerald. Warren said Thursday on SiriusXM's "Alter Family Politics" program that she is concerned about the overall influence of money in politics.
  • The Art of the Deal: Wall Street Deals Explode Since January 20th

    04/28/2017 4:24:31 AM PDT · by davikkm · 6 replies
    IWB ^ | Robert Carbery
    Since President Donald J. Trump took office on January 20th, almost 3,100 merger or acquisition (M&A) deals have been announced, per recently released data from Thomson Reuters. 2017 continues to be the art of the deal as there have already been 13 deals valued at over $5 billion dollars since the Trump administration took charge. Cross-border deals are also at record highs. As the mainstream media continues to decry the mounting political and economic uncertainty around the world as a result of the hard-to-predict Trump administration, the global economy centered around the vibrant U.S. market appears to be doing just...
  • Greedy Grifters Barack & Michelle Obama Robbing Blind the Party That Made Them

    04/28/2017 4:19:38 AM PDT · by Sean_Anthony · 13 replies
    Canada Free Press ^ | 04/28/17 | Judi McLeod
    Schulz insists the former president remains true to his progressive values, and said “taking money from Wall Street is not the same as being bought by Wall Street" Wake Up Call for all the OWS (Occupy Wall Street) activists: You can’t OCCUPY WALL STREET, because greedy grifters Barack and Michelle Obama are already squatting on it. It’s the same old story sung in the words of a song, “The rich get rich and the poor get poorer”. According to Christopher Wallace at Fox News, Obama’s $400,000 Wall Street speech leaves the liberal base “stunned”.
  • Elizabeth Warren: "Troubled" By Obama's Upcoming $400,000 Speech To Wall Street

    04/27/2017 10:41:23 PM PDT · by Helicondelta · 27 replies
    realclearpolitics.com ^ | April 27, 2017
    In an interview Thursday with Alter Family Politics on SiriusXM, Sen. Elizabeth Warren (D-Mass.) weighed in on former President Obama's upcoming speech to Wall Street firm Cantor Fitzgerald. Obama is expected to receive at least $400,000 for the speaking engagement. TOMMY ALTER: Senator Warren, what do you think about President Obama accepting $400,000 from Wall Street? SEN. ELIZABETH WARREN: Well, I was troubled by that. One of the things I talk about in the book is the influence of money. I describe it as a snake that slithers through Washington. And that it shows up in so many different ways...
  • Trump Takes Aim at Wall Street’s Favorite Financial Regulation

    04/22/2017 5:28:40 PM PDT · by davikkm · 5 replies
    breitbart ^ | JOHN CARNEY
    President Donald Trump ordered the Treasury Department on Friday to examine two controversial powers given to financial regulators in the aftermath of the 2008 financial crisis, including a bailout authority widely favored by the biggest banks. One of the memos Trump signed Friday takes aim at the “Orderly liquidation authority” or OLA, which authorizes the federal government to take over and wind down a failing financial firm. It instructs Treasury to examine whether OLA encourages excessive risk-taking or exposes taxpayers to liability. It also orders Treasury not to use OLAA while the review is underway. OLA has been a target...
  • Trump to order U.S. Treasury to delve into taxes, post-crisis reforms

    04/20/2017 7:20:09 PM PDT · by Innovative · 12 replies
    Reuters ^ | Apr. 20, 2017 | Lisa Lambert
    U.S. President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business. A White House official said on Thursday that Trump will issue an executive order directing the Treasury on the tax issues. He will also issue two memoranda asking for reviews of two parts of the 2010 Dodd-Frank Wall Street reform law - the Orderly Liquidation Authority that sets out how big banks can wind down during a crisis and the Financial Stability Oversight Council (FSOC), which...
  • CBS News Sides With ‘Fearless Girl’ In Wall Street Art ‘Face Off’

    04/19/2017 1:18:28 PM PDT · by drewh · 41 replies
    Newsbusters ^ | April 19, 2017 | 11:52 AM EDT | Julia Seymour
    The media were thrilled when a statue of a defiant little girl was placed opposite Arturo Di Modica’s famous “Charging Bull” on Wall Street. To the networks, it became a “symbol,” a “sensation” and female empowerment. “Symbols spoke volumes,” NBC Chief Environmental Affairs correspondent Anne Thompson said of the statue “facing down Wall Street’s famous bull,” on March 8. The networks didn’t seem to mind that “Fearless Girl” was really a clever corporate advertisement for “SHE” — an exchange traded fund offered by State Street Global Advisors. Fortune reported that until April 2, a plaque at the girl’s feet read...
  • Cuomo says Charging Bull statue never bothered him the day after de Blasio knocked the famed work

    04/15/2017 10:45:18 PM PDT · by BenLurkin · 58 replies
    NEW YORK DAILY NEWS ^ | 04/15/2017 | Kenneth Lovett
    A day after Mayor de Blasio criticized Wall Street’s Charging Bull statue as an ode to “unfettered capitalism,” Gov. Cuomo said “I never found it particularly offensive.” “I’ve gone past it many times,” Cuomo told reporters at the governor’s mansion, where he hosted an Easter egg roll Saturday.
  • Charging Bull sculptor says Fearless Girl distorts his art, so he's fighting back

    04/13/2017 10:19:07 PM PDT · by ErikJohnsky · 61 replies
    Chicago Tribune ^ | 4/12 | Katie Mettler
    With hopes of dispensing the "perfect antidote" to the stock market crash of 1987, Italian-born sculptor Arturo Di Modica spent two years welding a 7,000-pound bronze bull statue designed to capture the resilience of the American people. Under the cover of night and without a permit, he installed his massive Charging Bull directly before the New York Stock Exchange, a gift New Yorkers loved but New York City initially hated. Authorities removed it, but later reinstalled it under pressure at a small public park in the financial district. In the 18 years since, it has become an institution. Then last...
  • Wall Street’s Feminist ‘Fearless Girl’ Statue Makes America Great Again

    03/18/2017 4:35:12 PM PDT · by Rufus Shinra · 24 replies
    Trump Conservative ^ | 03/18/2017 | Rufus Shinra
    The recently placed "Fearless Girl" statue on Wall Street donned President Trump's iconic "Make America Great Again" hat last week while a large American Flag was displayed in the background, prompting many in the liberal media outlets to condemn the action. For those unaware of this statue's brief history, it was installed earlier in March as a symbol of diversity in the workplace by State Street Global Advisors, a massive international asset managing company. The girl faces Wall Street's legendary "Bull" statue, which of course represents a profitable "bull market". The Fearless Girl statue portrays a young women staring defiantly...
  • Preet Bharara Explains Why He Let Wall Street Bank Executives Avoid Prison

    03/16/2017 5:33:10 AM PDT · by TangoLimaSierra · 13 replies
    libertyblitzkrieg.com ^ | Mar 15, 2017 | Michael Krieger
    Recently dismissed U.S. Attorney for the Southern District of New York, Preet Bharara, is suddenly being celebrated as an aggressive warrior in the fight against Wall Street corruption. Really? You could’ve fooled me. Perhaps I was in a coma when a string of big bank executives were arrested and sent to prison. No, what actually happened is one of the most powerful attorneys in the nation came up with a mealy-mouthed, cowardly rationale for why he let these financial thieves off the hook. Crain’s reports: Bharara was nowhere to be found when it came to charging the top executives whose...
  • Backlash against Wall Street 'banker' as Fearless Girl photo goes viral

    03/13/2017 11:10:05 PM PDT · by ErikJohnsky · 44 replies
    International Business Times ^ | 3/12 | Jen Offord
    A man, believed to be a Wall Street banker, faced an angry backlash this week after he was photographed appearing to "hump" a statue of a young girl installed in the famous banking district. The incident took place the day after International Women's Day on Wednesday, not long after the statue's installation. The picture was shared on Facebook by an eyewitness who said the unidentified man stood behind the new installation and began simulating sexual intercourse with the statue. Alexis Kaloyanides, who posted the picture, described the man as the reason the world needed feminism.
  • Wall Street hits record on Trump's tax comments, strong data

    02/15/2017 8:56:17 AM PST · by GonzoII · 3 replies
    Reuters ^ | Wed Feb 15, 2017
    Wall Street's record-setting run entered its fifth day on Wednesday, as President Donald Trump repeated his promise of tax cuts and on upbeat economic data that increased the odds of a rate hike and lifted bank stocks.
  • Wall Street extends record run as 'Trump trade' reignites

    02/13/2017 7:32:29 AM PST · by GonzoII · 4 replies
    Yahoo/Reuters ^ | February 13, 2017 | Yashaswini Swamynathan
    (Reuters) - The main U.S. stock indexes hit record intraday highs on Monday, led by financials and industrials, as the so-called "Trump trade" sparked back to life on renewed optimism about the economy. The three main indexes closed at record highs on Thursday and Friday rose after President Donald Trump vowed to make a major tax announcement in the next few weeks. The S&P 500 (.SPX) has surged 8.3 percent since Trump's Nov. 8 election through Friday's close, fueled by expectations he will lower corporate taxes, reduce regulations and increase infrastructure spending. While the rally had stalled amid concerns over...
  • Cutting back Dodd-Frank? Don't count on it, says Mr. Frank

    02/03/2017 7:15:07 PM PST · by Olog-hai · 18 replies
    Associated Press ^ | Feb 3, 2017 6:36 PM EST | Dave Collins
    What’s Barney Frank’s take on President Donald Trump’s first action to scale back the landmark financial overhaul law that bears his name? Don’t bank on it succeeding, he says. […] Any scaling back of Dodd-Frank would have a difficult time getting through Congress, because many Republican lawmakers’ constituents favor policing Wall Street, Frank told The Associated Press in an interview. He spoke Friday after Trump signed an executive order directing the Treasury secretary to review the Dodd-Frank law. Trump has called the law a “disaster,” pledging to dismantle it. …
  • Trump shifting power from Wall Street to Main Street

    01/26/2017 8:42:48 PM PST · by 2ndDivisionVet · 2 replies
    The Joplin Globe ^ | January 26, 2017 | Rachel Marsden
    PARIS — One of President Donald Trump’s first orders of business on his first Monday in office was to kill the Trans-Pacific Partnership deal with Asian nations that would have shipped American jobs overseas and dragged down the global value of labor to the benefit of Wall Street oligarchs. The move suggests that this administration is prioritizing the interests of the American worker over the containment of China. The TPP deal was supposed to be a twofold victory for the military-industrial complex: It would have implanted American interests in China’s backyard while increasing profits for Wall Street. One only needs...
  • Bloomberg terminals now show Trump tweets: Business preps for Trump

    01/22/2017 7:17:24 AM PST · by GonzoII · 3 replies
    CS Monitor ^ | January 21, 2017 | Mengqi Sun
    The new feature at Bloomberg is another example of how the business world is approaching the Trump presidency and its relationship with social media.  January 21, 2017 —President Donald Trump said at an inauguration ball Friday that he thinks he'll continue tweeting "as a way of bypassing dishonest media." Wall Street is ready.  Bloomberg terminals recently launched a partnership with Twitter, enabling traders to track and trade off Mr. Trump's tweets. The new feature of the financial reporting system is just another example of how the business world is grappling with the new reality of the Trump presidency
  • Goldman Sachs poised for return to power in Trump White House

    11/30/2016 3:05:06 PM PST · by SeekAndFind · 38 replies
    Politico ^ | 11/30/2016 | Ben White
    NEW YORK — Government Sachs is returning to Washington. After a decade in the wilderness, Wall Street’s most powerful firm, Goldman Sachs, is dominating the early days of the incoming Trump administration. The newly picked Treasury Secretary, Steven Mnuchin, spent 17 years at Goldman. Trump’s top incoming White House adviser, Steve Bannon, spent his early career at the bank. So did Anthony Scaramucci, one of Trump’s top transition advisers. Goldman’s president, Gary Cohn, spent an hour schmoozing with President-elect Donald Trump on Tuesday and could be up for an administration job, possibly as director of the Office of Management and...
  • Wall Street Reacts To Steve Mnuchin Choice For Treasury Secretary

    11/30/2016 10:02:04 AM PST · by SeekAndFind · 6 replies
    Zero Hedge ^ | 11/30/2016
    Following the news that Steve Mnuchin would be US Trasury Secretary, Wall Street analysts offered mixed predictions on which policies Donald Trump’s choice for Treasury secretary may pursue, as they have little to go on other than Mnuchin’s background with Goldman, buying/selling the former Indy Mac. The prevailing consensus is that Mnuchin’s Wall Street past will lead to easing regulations, tax policies; but at the same time, Mnuchin may not help larger banks as he may focus on regionals and/or seek to distance himself from his GS/IndyMac past. For now optimism dominates, as banks gain, with the KBW banks...