With Republicans angry about the financial regulations pushed through by President Barack Obama and congressional Democrats, the securities and investment industry was the only major source of campaign contributions to switch sides in 2012 compared with 2008, giving a record...
Read more »Wall Street Hedged No Election Bets
Wall Street as Campaign Demon: One in 10 TV Ads Aired: $91 Mln
Every campaign season has its corporate demon. In 2002 it was Enron, in 2010 it was Lehman Brothers and BP. There’s a new scapegoat this year, with spending higher than ever. As we report on Bloomberg Television today, one of every 10...
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Photograph by Mike Mergen /Bloomberg
Balloons and confetti during the 2004 Democratic National Convention.
Obama’s Speech: Hold the Balloons
There was one thing missing in a Charlotte convention hall filled with excitement for the somewhat ad-lib, 48-minute speech of former President Bill Clinton and his hug with President Barack Obama onstage afterward: The rafters of the Time Warner Cable...
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Photograph by Robyn Beck/AFP/Getty Images
"March On Wall Street South" demonstrators march in Charlotte, North Carolina ahead of the Democratic National Convention, on September 2, 2012.
Occupy Charlotte: Miniature Protest in the Heart of a Banking Giant
There’s not much happening here: A limited throng of protesters joined many more delegates converging on Charlotte today for the Democratic National Convention, as the city barricaded “Uptown Charlotte” streets for a march that attracted fewer people than organizers hoped...
Read more »Obama’s Address at Bank of America — or, Bank of Romney, Stadium
It initially seemed fitting for President Barack Obama to accept his party’s nomination for re-election at Bank of America Stadium in Charlotte, North Carolina, on the last night of the Democratic National Convention. Employees of the Charlotte-based bank whose name...
Read more »Bankers Snap Up Swaps as Regulation Looms
The bankers are getting nervous. The talk in Washington about heightened regulation — and what seems like an increasingly real risk that talk may translate into action this time — has investors buying more credit-default swaps on Wall Street banks. In...
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