EXCLUSIVE: The Obama administration overruled career Homeland Security officials and expedited visa applications for about two dozen foreign investors for a politically connected Las Vegas casino hotel after repeated pressure from Senate Majority Leader Harry Reid and his staff, according to internal government documents obtained by The Washington Times.
The news of J.P. Morgan Chase's recent trading loss has raised the cry of "I told you so" from proponents of the almost 2-year-old Dodd-Frank Act. They say the law's Volcker rule would have prevented such a loss and that without more regulation, financial institutions will continue to make poor investment decisions.
The national Occupy Wall Street movement has been heating up again — resulting in about 50 arrests in Boston early Tuesday and plans for a Manhattan "Millionaires March" to the homes of some of New York City's wealthiest residents.
Wall Street stocks took another tumble Wednesday after a brief recovery as worries widened over the health of U.S. and European banks hit hard by debt crises on both sides of the Atlantic.
In a much-discussed live televised forum last week, Jamie Dimon, CEO of JP Morgan Chase, asked Federal Reserve Chairman Ben S. Bernanke the 64-trillion-dollar question. While most commentators focused on the apt question, it was Mr. Bernanke's answer that shocked me when I heard it - and ought to shock the nation much more than it has so far.
Dear Sgt Shaft: I have a brother who is currently incarcerated and receiving his 10 percent of his veteran disability benefits. He has a daughter who is 21 and is having a hard time. She would like to make a claim of apportionment. What V.A. form would she need to complete? Are there any additional proof or paper work that needs to be submitted with it?
Earlier this month, President Obama announced William Daley (brother of Chicago Mayor Richard Daley and former executive at JP Morgan Chase) as his new chief of staff, replacing Chicago mayoral candidate Rahm Emanuel. Less well known is the fact that Mr. Daley was a member of the board of trustees for Third Way, which bills itself as an "influential think-tank that creates and advances moderate policy and political ideas."
Moderate Democrats and the business community on Thursday hailed President Obama's choice of banking executive William Daley as his next chief of staff while some progressive activists balked at the return of a centrist Washington veteran whom they warned would alienate Mr. Obama's left flank ahead of 2012.
Why are many of the big Wall Street banks imposing a freeze on foreclosures when the average number of days to foreclose on a property, according to Lender Processing Services, is at an all-time high of 478 days?