(CNN) – Speaking on foreign turf, Mitt Romney offered some criticism of his own party on Thursday, saying the GOP sometimes uses the wrong phrasing when it comes to regulation reform.
"We have in our party, I think, on occasion misspoken by just saying we're for deregulation–to some that means we want to get rid of all regulation. That's not true," Romney said at a fundraiser in London, according to pool reports.
Washington (CNN) – It was a rare show of bipartisanship - President Barack Obama, flanked by Democrats and Republicans in April, signing into law a bill that would ban insider trading on Capitol Hill. The measure, known as the STOCK Act, had passed the House and Senate in warp speed.
"The powerful shouldn't get to create one set of rules for themselves and another set of rules for everybody else," the president said at the time.FULL STORY
NEW YORK (CNNMoney) – Hell hath no fury like a woman scorned - but what about a Wall Street titan?
Deep-pocketed financiers have abandoned President Obama and are flocking to Mitt Romney in droves, providing more donations to his campaign than any other industry except retired workers. (And that's not really an industry.)FULL STORY
(CNN) – Elizabeth Warren, the consumer advocate and Democratic candidate for U.S. Senate in Massachusetts, said Monday the constant dodging of effective regulation by Wall Street banks amounts to lobbying warfare.
Warren's comments came after she called on JPMorgan Chase boss Jamie Dimon to step down as a director of the New York Federal Reserve board after his firm announced a $2 billion loss since the start of April.
(CNN) – A conservative non-profit will spend $3.4 million to tie President Barack Obama to the financial industry in a minute-long television ad airing in seven general election battlegrounds, the group said Monday.
American Future Fund, which previously hit Obama for his ties to bankrupt solar energy firm Solyndra and the spending scandal at the General Services Administration, goes after the president in the new spot for claiming to be a Wall Street reformer while taking massive contributions from financial sector employees.
Washington (CNN) - JPMorgan Chase announced last week that it lost $2 billion as the result of some complicated hedge fund trading, which according to its top executive is apparently not as bad as it sounds.
"This is a stupid thing we should never have done, but we are still going to earn a lot of money this quarter. It's not like this company is jeopardized - we hurt ourselves and our credibility, yes, and we've got to fully expect that and pay the price for that," CEO Jamie Dimon said on NBC's "Meet the Press" on Sunday.FULL STORY
NEW YORK (CNNMoney) - President Obama is likely to propose a substantial funding increase for Wall Street regulators in his forthcoming budget.
But there won't be any cheering in the boardrooms and hallways of the Securities and Exchange Commission and the Commodity Futures Trading Commission.FULL STORY
Washington (CNNMoney) - Wall Street has thrown its weight behind alum Mitt Romney for president, according to new campaign data for 2011.
But the industry hasn't totally abandoned President Obama, who in 2008 raised more money from the financial industry than any other candidate in history, according to two watchdog groups.FULL STORY
Washington (CNNMoney) - Financial industry spending to influence Washington topped $150 million for the second year in a row, with emphasis shifting to regulators of the Dodd-Frank reform law, according to watchdog groups.
Lobbying by investment firms hit $98 million, down a little from the record $101 million spent in 2010 when the Wall Street reform bill became law, according to the Center for Responsive Politics.FULL STORY
Manchester, Iowa (CNN) - Republican presidential candidate Rick Perry on Monday called the Wall Street bailout "the single biggest act of theft in American history" and blamed two his rivals, Mitt Romney and Newt Gingrich, for supporting it.
During a bus tour swing through rural eastern Iowa, the Texas governor touted his small town values and blasted the Wall Street "den of thieves" for "gaming the system" and taking money out of the wallets of ordinary citizens.