Word: warrener
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...food giant Kraft has reached an agreement to buy 186-year-old British confectioner Cadbury for $19.5 billion, ending months of resistance and rejected offers. But the takeover has left a bad taste for British citizens upset at the sale of a national icon--and for Kraft shareholder Warren Buffett, who criticized the purchase. If finalized, the deal will make Kraft the largest player in the global candy market, displacing Mars...
...After health care, that's a price the Administration is now willing to pay. It's no coincidence that the day before Obama 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...
...drew up. Geithner would have preferred to limit risk-taking through tougher rules on leverage and capital - and he's still planning a push on that front - but in an election year, it was easy to see the value of having Volcker inside the tent. "The narrative is changing," Warren says. "In 2010, Congress will have a basic choice between taking the side of banks and taking the side of families...
...Federal Reserve’s latest attempts to rescue the economy abound. Most Americans are antsy. A lack of financial literacy has only exacerbated this mood. Until the federal government takes an active role in the basic economic education of its constituents, things will not get any easier. From Warren Buffet to Joe the Plumber, the economic vitality of the United States is a source of concern whether one seeks to prosper or to secure a leisurely retirement...
...allergic to populism, and Obama political adviser David Axelrod wants to strike a much more populist are-you-with-us-or-the-banks tone in 2010. Axelrod and Obama aide Valerie Jarrett met at the White House on Wednesday with Harvard law professor and TARP watchdog Elizabeth Warren, the mother of the stand-alone consumer-agency proposal and an outspoken advocate for reform; their message was that they'd welcome a fight with Wall Street...