Tag search result for: banking

Watt takes a hit over Fed bill

bniolet — Tue, 24 Nov 2009 08:59:09 -0500

U.S. Rep. Mel Watt has gotten a lot of attention — not all of it positive — for a measure that would have given the Federal Reserve a little independence.

Miller: I was right, after all

ryanteaguebeckwith — Tue, 02 Jun 2009 12:38:12 -0400

U.S. Rep. Brad Miller is still feeling a little defensive about a ribbing he took two years ago.

In a guest post on the liberal TPM Cafe Web site, the Raleigh Democrat writes that "people laughed" at him when he argued in 2007 that innovation in the financial sector can be a bad thing.

2010 Senate race unofficially starts

ryanteaguebeckwith — Thu, 07 May 2009 14:55:58 -0400

Now that 2008 is so last year, the 2010 campaign has begun.

The Democratic Senatorial Campaign Committee today put out a new Web video blasting Republican Sen. Richard Burr for telling his wife to take money out of an ATM during the banking crisis, Jim Morrill reports.

Burr told people not to worry

ryanteaguebeckwith — Fri, 17 Apr 2009 16:40:31 -0400

The flap over U.S. Sen. Richard Burr ATM remarks just got another boost.

The Washington-based Politico newspaper reported this afternoon on a statement that Burr put out when Citigroup bought Wachovia reassuring North Carolinians not to worry — around the same time he told his wife to withdraw money from the bank:

Burr: I did what others did

bkrueger — Thu, 16 Apr 2009 18:56:44 -0400

U.S. Sen. Richard Burr downplayed the flap over his withdrawing of money from an ATM during last fall’s banking crisis, saying he did what many people did.

Burr, a Winston-Salem Republican, said today that there were questions about the liquidity of the banking industry that led to the first emergency federal bailout.

Burr takes heat on liberal show

ryanteaguebeckwith — Thu, 16 Apr 2009 09:54:53 -0400

A liberal talk show host took aim at Sen. Richard Burr last night.

The Winston-Salem Republican was once again harshly criticized by MSNBC liberal talk host Rachel Maddow — a sign of his increased visibility as he runs for re-election.

Burr has told that story before

ryanteaguebeckwith — Wed, 15 Apr 2009 16:46:01 -0400

A spokesman says Sen. Richard Burr has told that anecdote before.

David Ward, press secretary for the Winston-Salem Republican, said that Burr has told audiences before about the time he was so spooked by the nation's financial situation that he told his wife to take money out of the ATM.

Burr feared banks would fail

ryanteaguebeckwith — Wed, 15 Apr 2009 10:22:28 -0400

U.S. Sen. Richard Burr said he panicked when he first learned of the banking crisis.

The Winston-Salem Republican told the Henderson County Chamber of Commerce that he called his wife, Brooke, and told her to withdraw money from the bank after talking with former Treasury Secretary Henry Paulson.

Miller attacks AIG head at hearing

ryanteaguebeckwith — Wed, 18 Mar 2009 15:28:10 -0400

U.S. Rep. Brad Miller harshly criticized the head of troubled insurer AIG today.

During testimony by American International Group Chairman Edward Liddy this afternoon, the Raleigh Democrat went after the company for using $49.5 billion of federal bailout money to pay off credit insurance policies held by banks.

Miller: Centralize lending oversight

ryanteaguebeckwith — Tue, 10 Mar 2009 11:38:26 -0400

U.S. Rep. Brad Miller wants to centralize lending oversight.

The Raleigh Democrat has co-sponsored a bill that would create a new Financial Product Safety Commission that would enforce consumer protection, evaluate lending practices, coordinate enforcement with state and federal regulators and issue public reports.