Sen. Richard Shelby on Why He’s Blocking the New Consumer Czar’s Confirmation
Richard Cordray, President Obama’s pick to lead the Consumer Financial Protection Bureau, won approval from the Senate Banking Committee last week on a party-line vote. His confirmation to run the new agency faces fierce opposition from Republicans, who have vowed to block Senate approval until reforms are made to the agency. Sen. Richard Shelby (R-AL) is leading those calls for reform. As the ranking Republican on the | Read More »
Bank of America, CARD Act, Dodd-Frank, and soaking the poor.
Congratulations, Congressional Democrats: you’ve managed to soak the working poor again. Bank of America will start charging debit-card users $5 a month to pay for purchases. The move comes as the cards increasingly replace cash and as banks look for ways to offset the loss of revenue from a new rule that will limit how much they can collect from merchants. Via Instapundit. You see, | Read More »
Did Obama Ask Warren Buffett to Bailout Bank of America?
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss Hurricane Irene, Warren Buffett’s mysteriously timed investment in Bank of America and the Fed meeting in Jackson Hole, Wyoming. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you | Read More »
Harry Reid gets an inconvenient question about SEIU stormtroopers
During a May 28th press conference, Senate Majority Leader Harry Reid was asked an inconvenient question by Kerry Picket. During a press conference last Friday, Senate Majority Leader Harry Reid, Nevada Democrat, told reporters about a bipartisan amicus brief to the Supreme Court supporting the right of military families to bury the remains of their loved ones without being protested. I asked Mr. Reid if the | Read More »