WASHINGTON (Reuters) - The White House said on Friday it strongly believed in a privately held bank system, after rumors that the U.S. government could nationalize banks caused shares in Bank of America and Citigroup plummet.
"Let me reassure as best I can on banks," White House press secretary Robert Gibbs told a briefing with reporters.
"This administration continues to strongly believe that a privately held banking system is the correct way to go, ensuring they are regulated sufficiently by this government.
http://www.reuters.com/article/politicsNews/idUSTRE51J5DA20090221?feedType=RSS&feedName=politicsNews
Saturday, February 21, 2009
Sunday, January 4, 2009
Probe Leads Richardson to Abandon Cabinet Bid
By JONATHAN WEISMAN and STEPHANIE SIMON
New Mexico Gov. Bill Richardson, citing a federal investigation into a company that has donated to his political organizations, withdrew his name Sunday from consideration to be Commerce secretary -- the first serious snag in Barack Obama's transition efforts.
Mr. Richardson, a former presidential candidate and one of two Hispanics nominated to Mr. Obama's cabinet, said he stepped aside "with great sorrow." In a statement, he noted how a "pending investigation of a company that has done business with New Mexico state government promises to extend for several weeks, or, perhaps, even months."
http://online.wsj.com/article/SB123109313644851901.html
New Mexico Gov. Bill Richardson, citing a federal investigation into a company that has donated to his political organizations, withdrew his name Sunday from consideration to be Commerce secretary -- the first serious snag in Barack Obama's transition efforts.
Mr. Richardson, a former presidential candidate and one of two Hispanics nominated to Mr. Obama's cabinet, said he stepped aside "with great sorrow." In a statement, he noted how a "pending investigation of a company that has done business with New Mexico state government promises to extend for several weeks, or, perhaps, even months."
http://online.wsj.com/article/SB123109313644851901.html
Obama Eyes $300 Billion Tax Cut
WASHINGTON -- President-elect Barack Obama and congressional Democrats are crafting a plan to offer about $300 billion in tax cuts to individuals and businesses, a move aimed at attracting Republican support for an economic-stimulus package and prodding companies to create jobs.
The size of the proposed tax cuts -- which would account for about 40% of a stimulus package that could reach $775 billion over two years -- is greater than many on both sides of the aisle in Congress had anticipated, and may make it easier to win over Republicans who have stressed that any initiative should rely relatively heavily on tax cuts rather than spending.
http://online.wsj.com/article/SB123111279694652423.html
The size of the proposed tax cuts -- which would account for about 40% of a stimulus package that could reach $775 billion over two years -- is greater than many on both sides of the aisle in Congress had anticipated, and may make it easier to win over Republicans who have stressed that any initiative should rely relatively heavily on tax cuts rather than spending.
http://online.wsj.com/article/SB123111279694652423.html
Friday, January 2, 2009
Barkley: All I Really Wanted Was Oral Sex
I guess this political career is over.
Posted Dec 31st 2008 6:44PM by TMZ Staff
This may be the very best police report of 2008. When Charles Barkley was busted in Arizona early this morning for DUI, he told cops he ran a stop sign because he was in a hurry to get some oral sex.
According to the officer who wrote the report, "He told me that he ran the stop sign because he was in a hurry to pick up the girl I saw get in the passenger seat."
The officer continues: "He asked me to admit that she was 'hot.' He asked me, 'You want the truth?' When I told him I did he said, 'I was gonna drive around the corner and get a b**w job. He then explained that she had given him a 'b**w job' one week earlier and said it was the best one he had ever had in his life."
The report says when Barkley was taken to the station, he told one of the employees, "I'll tattoo my name on your ass" if he helped "get him out of the DUI." According to the report, "He laughed and then quickly corrected himself and said, 'I'll tattoo your name on my ass' and then laughed again."
The report also says officers "found a handgun in the vehicle" which was immediately impounded. The report doesn't say if the handgun was legal or not, and the only thing that we know for sure was loaded
Posted Dec 31st 2008 6:44PM by TMZ Staff
This may be the very best police report of 2008. When Charles Barkley was busted in Arizona early this morning for DUI, he told cops he ran a stop sign because he was in a hurry to get some oral sex.
According to the officer who wrote the report, "He told me that he ran the stop sign because he was in a hurry to pick up the girl I saw get in the passenger seat."
The officer continues: "He asked me to admit that she was 'hot.' He asked me, 'You want the truth?' When I told him I did he said, 'I was gonna drive around the corner and get a b**w job. He then explained that she had given him a 'b**w job' one week earlier and said it was the best one he had ever had in his life."
The report says when Barkley was taken to the station, he told one of the employees, "I'll tattoo my name on your ass" if he helped "get him out of the DUI." According to the report, "He laughed and then quickly corrected himself and said, 'I'll tattoo your name on my ass' and then laughed again."
The report also says officers "found a handgun in the vehicle" which was immediately impounded. The report doesn't say if the handgun was legal or not, and the only thing that we know for sure was loaded
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