PoliticsRx Political Prescription

Republican National Committee Chairman Michael Steele appears on CNBC, and is quoted as having said former President Bush “created a lot of jobs”.

Read More: Think Progress » Steele Makes Up Facts: ‘George Bush Created A Lot Of Jobs’.

Posted under Keeping Informed

New Wall Street reform in Washington ranges from derivatives, to bank capital requirements and trading-desk spinoffs, to the widely popular consumer agency.

Read More: Wall Street reform’s toughest decisions still to come – Jun. 19, 2010.

Warren Buffet: Why bank reform is needed

Posted under Financial, Keeping Informed

In this article:

• Sen. Richard Shelby, Alabama, the top ranking Republican on the Banking Committee objected on the ban that would keep banks from using taxpayer-backed money for trading in their own benefit.
• Shelby objected to reining in predatory payday-lending practices
• Shelby also objected to a ban on naked default swaps, which were at the heart of the crisis

GOP Blocks Three Key Anti-Wall Street Amendments.

Posted under Financial, Government Bailout, Keeping Informed