Jul 16, 2010
Op-Ed Columnist – Redo That Voodoo – NYTimes.com
Republicans are feeling good about the midterms — so good that they’ve started saying what they really think. This week the party’s Senate leadership stopped pretending that it cares about deficits, stating explicitly that while we can’t afford to aid the unemployed or prevent mass layoffs of schoolteachers, cost is literally no object when it comes to tax cuts for the affluent. And that’s... read more
Jul 16, 2010
Financial Reform: How Wall Street Will Outsmart Congress – The Daily Beast
The Senate voted 60 to 38 on Thursday to close debate on financial reform, setting up a final vote on the legislation later in the day. The “yea” column includes three Republicans, who chose to break their party’s filibuster: Senators Susan Colllins, Olympia Snowe, and Scott Brown; meanwhile, Democrat Russ Feingold voted against the measure, saying that it was too weak. Once the Senate passes... read more
Jul 16, 2010
Goldman Sachs SEC SETTLEMENT Reached — And Stock SOARS
The Securities and Exchange Commission announced today that it has reached a settlement agreement with Goldman Sachs over the sale and marketing controversial mortgage securities. The news was first relayed via CNBC’s Twitter feed. The settlement comes on the heels of Congress’s passage of a sweeping financial reform bill earlier today. From the SEC’s press release on the... read more
