President Barack Obama nominated Bernanke for another term earlier this year, well ahead of schedule, ostensibly to “calm” the markets. In doing so, Obama broke his often-quoted campaign promise for “change” – in this case for a clear break from the George W Bush era’s economic and financial policies. Link

The Obama administration’s new proposal for tackling financial risk in the U.S. economy, unveiled just two days ago, came under attack on Thursday from Congress and regulators, with questions raised about its funding and scope. Link

The biggest decision of the economic recovery will be made in the next six months, and Barack Obama will have almost nothing to do with it. Forget the debate over TARP, and never mind the questions about a second stimulus. This decision is about when to pull out $1 trillion that’s propping up the U.S. [...]

US President Barack Obama went to Wall Street to tell the nation’s bankers that they “owe a debt to the American people” and must stop getting in the way of reforms needed to prevent a repeat of the credit crisis. Exactly after a year after the collapse of Lehman Brothers sparked a full-blown financial panic, [...]

President Obama will head to Wall Street on Monday to try to breathe new life into efforts to overhaul the financial regulatory system, an undertaking he has said is essential to halting the abuses and failures that led to the current crisis. While the health-care debate has raged nationwide throughout the summer, financial reform virtually [...]

Washington – The Obama administration’s ambitious plan to overhaul U.S. financial regulation was bogged down in Congress as it returned from a long recess on Tuesday. With no clear path forward in the Senate, analysts and lobbyists said Democrats would be hard-pressed to enact tighter bank and capital market rules by year-end, a deadline self-imposed [...]