By Howard Rich – In its quest to ram perpetual bank bailouts and draconian new government regulations through the U.S. Congress under the guise of “financial services reform,” the administration of Barack Obama and its allies have seized upon a convenient new enemy — Goldman […]

By Robert Romano Senate Majority Leader Harry Reid has scheduled another procedural vote for today on the Dodd financial takeover bill. This follows two failed votes on proceeding to the bill this week that are solely designed to bully one or two Republicans into supporting the measure […]

By Adam Bitely UPDATE: For the second day in a row, a bi-partisan coalition has stopped the Dodd Financial Takeover Bill from progressing in the Senate. The vote was 57-41, with everyone voting exactly as they did yesterday. Last night, a bi-partisan coalition successfully voted […]

By ALG News Yesterday, Senate Republicans took a firm stand against the government takeover of the nation’s financial sector, as the Senate failed to reach the 60 votes necessary to proceed to the bill proposed by Senator Chris Dodd (D-CT). Even Senator Ben Nelson (D-NE) voted against proceeding to the bill, demonstrating bipartisan opposition to its key provisions, provisions that endangered politicians ultimately do not […]

By Adam Bitely 60% of American Adults prefer Capitalism over Socialism according to a new Rasmussen Report . Only 18% prefer Socialism. After having a year to experience the further slide towards Socialism, Americans are rejecting it. A year ago, when a similar survey was conducted , only 53% supported Capitalism […]

By Bill Wilson Apparently, everyone in the world is worried about rapidly increasing sovereign debt except for Barack Obama and Timothy Geithner. Yesterday, the International Monetary Fund (IMF) issued a stark warning that unprecedented deficit-spending throughout the world to cope with the recession could trigger a “new […]

By Robert Romano Here we go again. Last week, defending his latest attempt for the government to take over the nation’s financial system, Senator Chris Dodd said , “This bill has been written specifically to end any notion of any kind of a bailout by the American taxpayer again.” Dodd’s response […]

By Bill Wilson On December 15th, 2010, the Financial Crisis Inquiry Commission is due to deliver its report to Barack Obama on the principal causes of the financial meltdown of 2007 and 2008. Of course, there’s a bit of a problem with this timeframe. Namely, the Senate […]

By Adam Bitely – In what has proven to be an odd chain of events, news has recently dropped that Goldman Sachs has been charged by the Securities and Exchange Commission for misleading and defrauding investors in selling a financial product based on subprime mortgages. Days earlier, however, Goldman Sachs’ President & COO Gary Cohn, set […]

By Bill Wilson – Putting Chris Dodd in charge of writing the financial “reform” bill is like calling in Don Corleone to write an anti-crime bill. To expect anything but a whitewash that protects the real criminals is naïve at best. In brief, Dodd is without a […]