Word: walls
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...they want to draw bright lines: Are you with us or Wall Street, with ordinary families or greedy titans? They figure that if they can't get a legislative victory, they'll get a potent political issue...
...announced his latest push to crack down on big banks, his confidants David Axelrod and Valerie Jarrett met with Troubled Asset Relief Program (TARP) watchdog Elizabeth Warren, the intellectual mother of the consumer agency and the most prominent populist advocate for financial reform. "They made it very clear that Wall Street needs to stop acting like nothing has changed," Warren told TIME...
...making insufficient efforts to limit the size and risk profiles of big banks. The White House is tired of complaints that its economic team - especially Treasury Secretary Timothy Geithner, the former New York Fed president who helped bail out AIG and other failing firms - is too close to Wall Street. Bringing the legendary gray eminence in from the cold - Obama called his plan to ban proprietary trading by commercial banks "the Volcker rule" - not only lent capitalist gravitas to populist bank-bashing but also reinforced the message that the Administration will not be outflanked in its assaults on Big Finance...
...pictures of TIME's Wall Street covers...
...wacko populists" who use "anticapitalist rhetoric" to "extract their pound of flesh from the Street" - even making excuses for the megabankers who no-showed a recent White House meeting with Obama. ("I wouldn't say they blew him off," said one Treasury aide.) Geithner has opposed proposals to tax Wall Street bonuses as well as financial transactions, infuriating the left. And he made quite a few of those how-can-we-help calls to floundering bankers when he was at the Fed, providing a juicy target for the right...