MB Civic

Obama Admin: “Not Enough Political Support” for Public Option – White House Press Secretary Robert Gibbs: “I think that we have seen obviously, and I talked about this some yesterday, that though there are some that are supportive of this, there isn’t enough political support in a majority to get this through. The President wanted to find—took the Senate bill as the base and looks forward to discussing consensus ideas on Thursday.”

Wall St. Securities Bonuses Up 17% – New figures show bonuses at Wall Street securities firms rose 17 percent last year to $20.3 billion.


Loans Hit 60-Year Low – The Federal Deposit Insurance Corporation says bank loans have seen their largest decline since the 1940s. On Tuesday, FDIC chair Sheila Bair said banks reduced lending by $587 billion, or 7.5 percent, in 2009. Bair singled out major large banks for the decline, urging them “to do a better job of stepping up to the plate.”


Dems Losing Wall St. Donations Amid Regulatory Push – New figures, meanwhile, show major financial firms have begun shifting campaign donations to Republicans as Democrats have pushed regulatory legislation of Wall Street

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