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Supreme Court denies banking group’s appeal to withhold Fed lending data
The Supreme Court let stand a ruling that the U.S. Federal Reserve must release data on emergency loans made to Wall Street banks during the financial crisis in 2008. The high court declined to hear the appeals of the Clearing House Association, a group that represents major commercial banks such…
Small business credit measure clears Senate hurdle
Voinovich defection helps $30B small business credit fund move past GOP filibuster In a win for President Barack Obama and his political allies, Senate Democrats on Tuesday won a crucial vote to clear the way for a bill to create a $30 billion government fund to help open up lending…
Republicans siding with Wall Street on Obama bank fee
Prominent Republicans are coming out in opposition to President Barack Obama’s proposal for a $90-billion fee on large banks that took bailout money, a move that political observers say could force the GOP to choose between their traditional anti-tax position and populist anger over the bailout. On Thursday, GOP Chairman…
Obama mulls ‘fee on banks’ to recoup bailout costs: reports
The Obama administration will “likely” propose a new fee or tax on banks in the federal budget to be tabled in February, several news sources reported Monday. The fee, which will be music to the ears of critics who opposed Washington’s $700-billion taxpayer-funded bailout of major investment banks and insurers…
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