Wall Street pays big to influence Washington
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
Perry: Romney and Gingrich backed the 'biggest act of theft in American history'
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.
FULL POST
Huntsman: Romney couldn't reform Wall Street
Merrimack, New Hampshire (CNN) - Jon Huntsman sharpened his rhetoric against New Hampshire front-runner Mitt Romney on Monday night, six weeks before voters head to the polls in the nation's first primary state.
The former Utah governor unveiled a new line of attack against Romney, casting doubt on whether the former Massachusetts governor could dramatically shake up Washington and tackle Wall Street reform.
FULL POST
Debt committee failure: Red flag for investors
New York (CNNMoney) - The congressional debt committee's failure likely won't be a disaster for the markets or the economy. But it is a warning signal to both.
"The failure does illustrate yet again the inability of Congress to take the tough decisions to put the federal finances on a sustainable path over the medium term," Capital Economics said in a research note.
FULL STORY
Wall Street discontent high but Occupy Wall Street largely unknown
(CNN) – Although most Americans don't trust Wall Street, that hasn't translated into full support –or understanding– of the Occupy Wall Street movement. Despite large majorities who think that Wall Street bankers are greedy, overpaid and dishonest, four in ten don't have an opinion about the weeks-long protests, according to a new CNN/ORC International poll released Monday.
Among those who have an opinion, the public is split on how they feel about Occupy Wall Street. Thirty-two percent of Americans say they have a favorable view of the movement that has spread from Wall Street to Chicago, and that even cropped up at the most recent CNN presidential debate in Las Vegas. Twenty-nine percent of the nation says they have an unfavorable view of Occupy Wall Street.
Wall Street demonstrations start second month
(CNN) - Despite political criticism and ongoing arrests, Occupy Wall Street rode a wave of global momentum into its second month Tuesday, showing no sign of losing steam.
Volunteers sorted donations for the demonstrators in a Lower Manhattan as dozens of boxes flooded in.
FULL STORY
Romney defends Wall Street but vows to fight for middle class
Milford, New Hampshire (CNN) - Mitt Romney cast himself as a fighter for the middle class Monday at a town hall meeting in New Hampshire and mocked President Barack Obama for creating a "Where's Waldo economy."
But the former Massachusetts governor also defended Wall Street and said the financial sector is not entirely to blame for the nation's economic slump.
FULL POST
Some Democrats praise, Republicans slam 'Occupy Wall Street'
Washington (CNN) - Politicians fought Sunday to cast the ongoing Wall Street protests in very different light, with two GOP presidential candidates calling them "class warfare" as two prominent Democrats expressed support for the protesters' message.
"They want to be heard," said Rep. John Lewis, D-Georgia. "And at the same time they want to speak to America, speak to people in power, to officials of the American government but also to the business community, especially Wall Street, to corporate America, to bankers. They're saying, in effect, that we bailed out Wall Street and now it's time for Wall Street and corporate America to help bail out the American people.
FULL STORY
Bloomberg says Wall Street protesters trying to destroy jobs
New York (CNN) - New York Mayor Michael Bloomberg blasted Wall Street protesters, entering their 22nd day Saturday, for targeting the financial sector and "trying to destroy the jobs of working people in the city."
Speaking on WOR radio Friday, Bloomberg said the city's labor unions - many of whom swelled demonstrator ranks earlier this week - depend on salaries that "come from the taxes paid by the people they're trying to vilify."
FULL STORY 'Occupy Wall Street' protests spread as Obama weighs in
New York (CNN) - The "Occupy Wall Street" protests are scheduled to go on Friday as the grassroots movement continues to grow, spread to other cities and grab the attention of the president.
President Barack Obama said Thursday that the demonstrators are giving a voice to those frustrated with the financial system as protests popped up in more than a dozen American cities.
FULL STORY
Recent Comments