barack obama

Obama wants BP escrow account
June 14, 2010
ChartPoppers
President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by individuals and businesses hurt by the Gulf of Mexico oil spill disaster. The move comes as Obama, who will address the nation about the spill on Tuesday night, faces questions on his handling of the disaster, which was in its 55th day. Millions of gallons of oil have poured into the Gulf since an April 20 offshore rig blast killed...
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June

14

2010
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Investors Back Obama Bill Without Ban on Proprietary Trading
June 11, 2010
ChartPoppers
Global investors support U.S. legislation that would raise capital requirements for banks and strengthen consumer financial protection, even as they oppose the so-called Volcker Rule to ban proprietary trading by financial institutions, a Bloomberg News survey shows.
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June

11

2010
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Final act begins in Congress on Wall Street reform
June 10, 2010
ChartPoppers
Negotiators from the Senate and House will begin meeting this week to craft a final Wall Street reform bill, with banks facing changes that threaten their profits, if not their business models. Some congressional Democrats want to fashion a bill that forces a basic banking industry restructuring, but leaders will have to balance that agenda against the need to forge compromise legislation that retains some Republican support.
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June

10

2010
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Obama forcefully defends handling of BP’s spill
June 8, 2010
ChartPoppers
In his angriest words yet after being widely criticized for his response to the Gulf oil spill, President Barack Obama on Monday said he was talking to experts because he wants to know “whose ass to kick.” “I don’t sit around just talking to experts because this is a college seminar. We talk to these folks because they potentially have the best answer so I know whose ass to kick,” Obama said in an NBC News...
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June

8

2010
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BP’s Future at Risk as Share Plunge Fuels Takeover Speculation
June 1, 2010
ChartPoppers
BP Plc’s failure to stop an oil leak from spewing millions of gallons of crude into the Gulf of Mexico may leave the biggest oil and gas producer in the U.S. in a fight to stay independent. BP shares have plunged 34 percent since the Deepwater Horizon drilling rig leased by the company exploded on April 20, wiping more than 40 billion pounds ($58 billion) from the company’s value. That may make BP cheap enough to attract...
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June

1

2010
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