Paul Kanjorski News
2010 Political Tsunami Warning: Will GOP's Wave Be Big Enough?
Just four days from the congressional midterm elections , it's not a question of whether a wave will hit Washington on Election Day, but rather a question of how much damage the wave will leave in its wake. House Democrats will measure success if they lose less than the 39 seats Republicans need in
Dem Congressman Contrasts 'Minorities' with 'Good American People'
A Democratic congressman is under fire contrasting "minorities" and the "defective" with "good American people." Rep. Paul Kanjorski (D-Pa.) made the comments Wednesday during the House and Senate conference on the financial reform bill. He was defending a Pennsylvania program that provides
Wall Street Nervous After 'Flash Crash' Thursday
Federal Officials Investigate Market Plunge; Nasdaq CEO Bob Greifeld Says Combination of Factors Led to the Drop
Treasury May Block Goldman Sachs, Fannie Mae Deal
Deal Could Help Fannie Mae's Finances but Is Goldman Sachs Becoming Too Powerful?
Remember That Financial Crisis?
Remember that whole financial crisis? This summer has been dominated by the raging debate over health care reform. Any discussion about the financial sector has usually focused on the surging stock market, with the Dow on Thursday surpassing the 9,000 mark for the first time since January. All
Obama wants new financial agency for consumers
President Obama is about to recommend creation of a regulatory agency to protect consumers in their credit, savings and other banking transactions. The new agency and a newly empowered Federal Reserve will be two of the central elements of a broad overhaul of the financial regulatory system that
More help for banks: Valuing assets just got less painful
The stunning string of losses for banks could soon end because financial firms now will be allowed to ignore the market price for their "toxic" assets and assess them differently. Thursday, the Financial Accounting Standards Board (FASB) tweaked a controversial rule requiring financial institutions
Obama Wants New Rules For Wall Street Now
Treasury Secretary Geithner Seeks Broad Authority From Congress to Stop Another AIG Debacle