Big banks prep for fight on Obama fee

Swanson, Ian
January 2010
Hill;1/20/2010, Vol. 17 Issue 5, p10
The article focuses on the author's views regarding the opposition of the financial services industry to a fee proposed by U.S. President Barack Obama which the industry argues is an unjust punishment on it that had paid back money received from the federal government under the 700 billion U.S. bailout.


Related Articles

  • Obama Now Pushing Sneaky Wall Street Bailout. Darling, Brian // Human Events;4/26/2010, Vol. 66 Issue 15, p1 

    The article reports on a legislation being pushed by U.S. President Barack Obama that would set up a permanent fund to bail out companies in the financial sector.

  • Banking bailout: Boost or bust? Lane, Amy // Crain's Detroit Business;9/29/2008, Vol. 24 Issue 39, p1 

    The article presents the comments of several business experts about the potential impact of a bailout package created by the federal government of the U.S. for the country's financial services industry on the economic conditions in Michigan. According to economist Patrick Anderson, the package...

  • Bailout Season. BIGELOW, PETER // Printed Circuit Design & Manufacture;Mar2009, Vol. 26 Issue 3, p14 

    The author shares his opinion on the U.S. government bailout of companies affected by the economic downturn. He argues that corporate bailouts were more like sporting events and not so much like business dealings. He criticizes the government for giving bailout money only to the financial and...

  • Wall Street Bonuses Could Lift Retail.  // WWD: Women's Wear Daily;1/26/2010, Vol. 199 Issue 17, p18 

    The article focuses on how bonus payouts in the U.S. financial sector will help the high end retailers. It is said that bank executives will receive billions of dollars in bonuses and it will boost sales of retailers. Total compensation at J.P. Morgan Chase & Co., The Goldman Sachs Group Inc....

  • Give the gift of ERM for everyday wisdom. Lenckus, Dave // Business Insurance;12/1/2008, Vol. 42 Issue 48, p6 

    The author reflects on the need for enterprise risk management (ERM) in the U.S. business sector. He claims that ERM is crucial because business' poor risk decisions have affected the country's economy. He presents a holiday poem about the financial industry. In the poem, he mentions the bailout...

  • The Proposed Golden Bailout Has Fundamental Flaws.  // ENR: Engineering News-Record;9/29/2008, Vol. 261 Issue 10, p94 

    The article comments on the proposed bailout of the financial services industry by the Bush administration. It notes that the proposal seems like a reward to private-sector firms that made bad bets in the housing-market bubble. It points out that the most offensive part of the proposed plan is...

  • Dysfunction in DC. Kline, Alan // U.S. Banker;Mar2010, Vol. 120 Issue 3, p8 

    In this article the author examines the steps taken by the Congress to push the financial regulatory reform in the U.S. The author says that the reform was unveiled by President Barack Obama during his state of the union address. He adds that the reform will address certain risks posed by the...

  • Wall St. bailout causing angst. Moore, Miles; Mikolajczyk, Sigmund J. // Tire Business;10/13/2008, Vol. 26 Issue 14, p3 

    The article presents information on the $700 billion bailout package for the ailing financial industry of the U.S. The bailout package is getting grudging support from representatives of the rubber industry and business in general. The approved bailout package is yet to be implemented and has...

  • Congressional caterwauling over auto industry. Kuehn, Don // American Teacher;Feb2009, Vol. 93 Issue 5, p17 

    The author criticizes the U.S. Congress for its attitude toward plea of the domestic automobile industry for bailout to cope with the financial crisis. He explains that the $25 billion being asked by the three major automobile firms in the country are small compared to the hundreds of billions...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics