By Michael D. Shear
Sunday, January 17, 2010
In his weekly radio address Saturday, President Obama unleashed a verbal barrage against the nation's largest banks, accusing them of wanton selfishness by refusing to accept new regulations he and his party are proposing, and for fighting a new tax that Obama wants to impose.
U.S. foreclosure assistance increasing, but slowly
By Renae Merle
Washington Post Staff Writer
Saturday, January 16, 2010
The Obama administration's foreclosure prevention program reached about 850,000 homeowners through December, including more than 50,000 in the Washington region, according to Treasury Department data released Friday, but the effort continues to struggle to make a significant impact.
J.P. Morgan Chase posts big profit, paydays
By Tomoeh Murakami Tse
Washington Post Staff Writer
Saturday, January 16, 2010
>NEW YORK -- J.P. Morgan Chase announced Friday an $11.7 billion profit for 2009, along with paydays for its investment-banking employees that exceeded those of the flush times before the financial crisis, drawing a sharp response from lawmakers in Washington.
Sen. Dodd may drop push for consumer financial protection agency
By Brady Dennis and Binyamin Appelbaum
Washington Post Staff Writer
Saturday, January 16, 2010
>Senate banking committee Chairman Sen. Christopher J. Dodd (D-Conn.) has discussed jettisoning plans for a standalone Consumer Financial Protection Agency, as part of an effort to secure bipartisan support for legislation to reform financial regulation, said people familiar with the matter.
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