Tag Archive for White House

Mitt Romney would be the wealthiest president ever, Forbes calculates – Full Story

(via The Christian Science Monitor) posted May 17, 2012 at 4:43 pm EDT The two leading candidates for the White House – incumbent Barack Obama and presumptive Republican nominee Mitt Romney – are both millionaires. But among the 1 percenters in America today, there are millionaires and then there are millionaires. Mr. and Mrs. Romney…

White House urges bank reforms after JPMorgan loss (via AFP) Full Story

White House urges bank reforms after JPMorgan loss (via AFP) The White House stepped up pressure for tighter bank regulation Monday after JPMorgan Chase’s $2 billion derivatives loss, as the bank said the top official responsible for the loss had resigned. Pressing a policy line that JPMorgan chief Jamie Dimon had strenuously fought, the White…

Bernanke’s Garbage Conomic Models Mistook Housing Bust for Dot-Com Bubble

by Peter Orszag “In a speech last month about the financial crisis, Federal Reserve Chairman Ben S. Bernanke trenchantly noted that the initial losses from the dot-com bust were about the same size as those from the housing meltdown — yet the two episodes had very different economic consequences. What Bernanke didn’t say was that…