Confrontation With Wall Street: Consumer Confirmation Battle Expected This Week

The latest political battle between the 99 percent and the 1 percent likely is to take place this week on the Senate floor, as senators are expected to vote on the nomination of former Ohio Attorney General Richard Cordray to lead the Consumer Financial Protection Bureau (CFPB) created by the … Continue reading

Protest Group Decries ‘Back-Door Bail-Out’ of Bank of America

A group organizing protests distinct from, but similar in spirit to, Occupy Wall Street is denouncing permission granted by the Obama administration to allow Bank of America’s holding company to transfer risky derivative assets from Merrill Lynch to its federally insured bank. The New Bottom Line — a coalition of … Continue reading