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Saturday, November 21, 
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Entries tagged "Republicans"

Citi's Parsons hedging on GOP in 2010?

Citigroup chairman Richard Parsons is a long time Republican, so is his recent hiring of Republican lobbyist Richard Hohlt a sign he's expecting the GOP to rule Congress again?


Bachmann asks Bernanke about Acorn, CFPA

Rep. Michelle Bachmann, R-Minn., attempted to ask Federal Reserve Chairman Ben Bernanke about proposal for a Consumer Financial Protection Agency and the activist group Acorn.


Romney to save GM?

The Atlantic suggests Obama tap Mitt Romney to rebuild GM, but it fails to recognize all the reasons it makes sense, and the one that will prevent it from happening.


eBay's Whitman 2nd dealmaker bidding for governor

Meg Whitman is the second tech dealmaker aiming to replace outgoing California Governor Arnold Schwarzenegger.


GOP senators' auto alternative offers distinction without difference

Tennessee Republican Bob Corker Wednesday morning asked fellow senators to approve an alternative to the $14 billion auto industry bailout approved by the House Wednesday night. Coker is among a group of GOP senators adamantly opposed to the bailout bill. The others include Sens. John Ensign, R-Nev., Tom Coburn, R-Okla., Jim DeMint, R-S.C., David Vitte, R-La., and Richard Shelby, R-Ala. Their main objection is ideological opposition to the presidentially appointed "czar" who would be empowered to bring the carmakers together with their lenders, suppliers, dealers and workers and force all to accept debt write-downs and other "haircuts" in the...


TARP opponents could take charge of GOP

When Democrats lost seats in the 2002 midterm congressional election, then-House Minority Leader Richard Gephardt quietly decided not to run for re-election for that position. With Republicans losing House seats in both 2006 and 2008, expect GOP members to push for changes to their leadership. That could mean the ouster of House Minority Leader John Boehner, R-Ohio, or GOP Whip Roy Blunt, R-Mo. Possible replacement candidates include Reps. Paul Ryan, 38, R-Wisc. and Eric Cantor, 45, R-Va., both lawmakers that led a high-profile ultimately unsuccessful effort to topple Treasury Secretary Henry Paulson's $700 billion government purchase plan....


McCain calls for Cox's head

The presidential candidates and members of Congress have the good fortune not to have any immediate responsibility for addressing the carnage on Wall Street, because judging by their knee-jerk comments from the campaign trail and Capitol Hill, it's probably the American economy's good fortune too. ...


Wall Street embraces Obama as its own?

As Dealscape illustrated a few weeks ago, Wall Street has generally supported Sen. Barack Obama, D-Ill., and Sen. Hillary Clinton, D-N.Y., over Republican rival Sen. John McCain, R-Ariz. Now, with Clinton out of the race, the press is taking another look at the topic, and again discovering that Wall Street continues to overwhelmingly support Obama over McCain -- by almost 2 to 1....


Tagg Romney goes back out fundraising

Fresh off former Governor Mitt Romney's presidential campaign trail, the Republican candidate's oldest son Tagg Romney and Romney's former national finance director Spencer Zwick are back out raising money, only this time it's for a $200 million debut fund for their new private equity firm Solamere Capital....


Paulson open to sovereign wealth funds as Congress worries

Treasury Secretary Henry Paulson is continuing his mission of alleviating international concerns about the U.S. investor climate as representatives question motives of sovereign wealth funds. Lately, though, Paulson's taking his message on the road directly to fund managers in the Middle East....


Wall Street prefers Democrats?

Last week both Carl Icahn and Warren Buffett announced their picks for the upcoming presidential sweepstakes. Icahn let his selection be known through an unexpected rant against Sen. Barack Obama, D-Ill., during an investor conference, and Buffett offered a seemingly offhand comment -- although is anything really offhand with Buffett? -- praising Obama to a journalist. But where does the rest of Wall Street stand? ...


Democrats wanted more from FCC auction

The Federal Communications Commission raked in roughly $19.6 billion in its spectrum auction that concluded last month. But for two Democrat commissioners on the agency's five-person panel, a lot more could have been done to create a national rival to incumbent phone and cable broadband companies. ...



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Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


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Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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