Obama Pitches Financial Reform to Wall Street Execs

Staff / Truthdig Apr 22, 2010 President Obama spoke before a group of fat cats -- or rather, "titans of industry," as he called them -- from Wall Street on Thursday at Cooper Union in New York City, the same site where he'd delivered his pre-bailout, pre-presidential speech on the economy two years ago, in an attempt (continued). Dig deeper ( 1 Min. Read )

Volcker Rules

Robert Scheer / Truthdig Feb 3, 2010 Finally President Barack Obama has come to his senses on financial regulation. His endorsement of what he calls the “Volcker Rule” for once puts him squarely on the side of ordinary Americans as opposed to the banking bandits who have so thoroughly fleeced the public. Obama's endorsement of what he calls the “Volcker Rule” for once puts him squarely on the side of ordinary Americans as opposed to the banking bandits who have so thoroughly fleeced the public. Dig deeper ( 3 Min. Read )

Paul Volcker to the Rescue

Staff / Truthdig Jan 23, 2010 President Barack Obama might have done well to keep former Federal Reserve Chairman Paul Volcker in closer reach during his first year of office rather than rely on the dubious advice of Timothy Geithner and Lawrence Summers. Too late for that -- but hopefully not too late for Volcker to help the president in his future dealings with Wall Street. Dig deeper ( 1 Min. Read )

Last but Not Least: Obama Taps Volcker

Staff / Truthdig Nov 26, 2008 After a series of depressing announcements, Barack Obama will finally turn to an economic adviser who wasn't directly responsible for the current crisis or mentored by someone who was. According to a report in The Wall Street Journal, the president-elect wants former Fed Chair Paul Volcker to lead a new presidential advisory board focused on saving America from financial ruin. Update Dig deeper ( 2 Min. Read )

President-Elect Obama Meets the Press

Staff / Truthdig Nov 8, 2008 During his first press conference as president-elect, Sen. Barack Obama stressed that he's not in the Oval Office yet but offered a few specifics about how he plans to handle the economic crisis once he moves in. Dig deeper ( 1 Min. Read )

The Battle for Obama’s Economic Soul

Robert Scheer / Truthdig Oct 22, 2008 Instead of running with the "European socialist" crowd, as John McCain has claimed, Barack Obama has turned to the same American “free market” elite that views government as merely a corporate subsidiary. Even within that group, however, there are serious splits, and the more enlightened side seems to be winning. Dig deeper ( 3 Min. Read )

Former Fed Chief: U.S. Already in a Recession

Staff / Truthdig Oct 15, 2008 Former Federal Reserve Chairman Paul Volcker said Tuesday that the US was already in a recession, despite the efforts of the U government and other nations' leaders to intervene "I have seen a lot of crises but I have never seen anything quite like this one," said Volcker, who headed up the Fed for eight years before Alan Greenspan took over in 1987. Dig deeper ( 1 Min. Read )