The problem isn't that Citigroup has too much power. The problem is that Citigroup is a lousy bank.
Elizabeth Warren and plenty of media liberals are in a panic that the Omnibus bill, nicknamed “CRomnibus,” is some sort of horrible right-wing Trojan Horse that will grind us all
$$$ Citigroup Says Instagram Is Worth $35 Billion [Dealbook] $$$ Elizabeth Warren Gets Her Own Folksong on Park Avenue [Bloomberg] $$$ Russia’s parliament rushes through bill boosting banking capital [Reuters] $$$ BlackBerry is gaining...Show More Summary
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Last week, Congress did Wall Street a solid. When lawmakers passed a giant spending bill that funds the government through September, they included a provision written by Citigroup lobbyists that allows banks to make more risky trades with taxpayer-insured money. Show More Summary
Banking lobbyists are coming back for more in the new year -- but here's why their job will be a lot harder now
Thanks in part to Sen. Elizabeth Warren, the rollback of banking regulations woven into the recently-passed, so-called "crominbus" spending bill generated--understandably--plenty of press coverage. But another provision in the spending...Show More Summary
Washington's version of Six Degrees of Kevin Bacon is much less exciting than everybody else's. It's called One Degree of Citigroup, and it's not much of a game since so many economic policymakers has worked at the banking behemoth. It's exactly the point Elizabeth Warren made in a big speech last week, expressing anger with Citigroup and […]
Elizabeth Warren got a lot of attention last week for rallying liberals against a provision of the cromnibus spending bill that repealed a portion of the Dodd-Frank financial reform bill. This particular bit of the law had required FDIC-insured banks to get out of the custom swaps business. Show More Summary
While Fox's Mike Huckabee may have a point about the way this "cromnibus" spending bill was passed and the fact that there were things to hate from all sides in the bill, he did his best to play the false equivalency game when it comes...Show More Summary
The Massachusetts senator sure won’t let big banks get away with the kind of blatant robbery other members of congress seem perfectly happy to allow.
Sen. Elizabeth Warren (D-MA) continued her attack on the proposed “Cromnibus” spending bill on Friday, calling out both party colleagues and the banking industry for a provision in the bill that would repeal part of the Dodd-Frank economic oversight act. “There’s a lot of...
In advance of last night’s House vote for a $1.1 trillion spending bill, Sen. Elizabeth Warren (D-Mass.) threatened a government shutdown if the bill included a provision that would allow "too big to fail" banks to use consumer deposits to engage in risky derivatives trading. Show More Summary
Sen. Elizabeth Warren has some questions for the House GOP about the last-minute goodies for big banks in the budget bill: "To Republican leaders in the House, I would ask this: You say you're against bailouts on Wall Street. I've heard you say it again and again for five years. Show More Summary
Sen. Elizabeth Warren (D-MA) accused Republicans on Wednesday of taking direction from the banking industry in adding a last-minute provision to a $1.1 trillion government funding bill. “This was a provision added by CitiGroup lobbyists,” Warren told MSNBC host Rachel Maddow. “I...
Sen. Elizabeth Warren is not happy about the plan to weaken regulation of big banks that Republicans managed to insert in the spending bill. She's so not happy, in fact, that she's calling on Democrats to oppose the overall bill unless...Show More Summary
The March of Dimes 2014 Celebration of Babies luncheon took place in Los Angeles and brought out some of Hollywood's proudest parents. We caught up with Chris Pratt, Elizabeth Banks, and more!
Written and directed by Sara Colangelo, LITTLE ACCIDENTS stars Elizabeth Banks as a mother dealing with the sudden, unexplained disappearance of her teenage son, set against the fallout of a tragic mining accident in their community. Read...Show More Summary
The event: Stars, studio executives, entertainment insiders and others turned out in force for Friday’s March of Dimes “Celebration of Babies: A Hollywood Luncheon” at the Beverly Wilshire Hotel, raising $1.1 million for the organization, which is dedicated to insuring...
Sara Colangelo makes her directorial debut with 'Little Accidents', which follows the plight of a desperate mother searching for her son. [...]