Bill Thompson, the two-time mayoral candidate who was a runner-up to Bill de Blasio in the Democratic primary, is going back to his old municipal bond firm. Continue reading “Bill Thompson Is Going Back to Wall Street”
Manhattan Borough President Scott Stringer, who before Sunday was virtually unopposed in the comptroller’s race, is ramping up his attacks against his new rival Eliot Spitzer, as unions and Wall Street backers rally to Mr. Stringer’s side.
During an appearance on WNYC’s The Brian Lehrer Show this morning, Mr. Stringer took one subtle dig after the next against Mr. Spitzer, the famously difficult-to-get-along-with former attorney general-turned-“steamroller” governor, who was forced to resign five years ago in the wake of a prostitution scandal.
There’s only one competitive citywide contest besides the mayor’s race this year, and Councilwoman Tish James is doing her best to make sure a few sparks fly as she jockeys for the public advocate’s office.
One day after taking a dig at a rival for being too cozy with Wall Street at a candidates’ forum, Ms. James went on the attack again last night, characterizing her two chief opponents as out-of-touch with the working class. Continue reading “Tish James Turns Up Heat on Rivals”
Later this morning, Reshma Saujani will officially launch her public advocate campaign, an ambitious bid for one of two competitive citywide races this year. But as she lays out her agenda, it won’t be the same Reshma Saujani politicos remember from her 2010 primary against Upper East Side Congresswoman Carolyn Maloney. In that campaign, she embraced her “Pro-Wall Street Democrat” label, but now, Ms. Saujani says she’s focused on a whole new slate of issues.
“Oh my God, so much!” she told Politicker when asked if she’s learned from her experiences since then, including a stint in the public advocate’s office. “Since 2010, I have a record–a progressive record–of accomplishment. There are people in the city who I have helped put on a path of economic prosperity, that are in college because I fought for them. There are people in jobs because I fought for them … In 2010, that was harder to demonstrate, right? Because I was working as a lawyer in the private sector.”
After Vice President Joe Biden infamously told an audience that Mitt Romney is “going to unchain Wall Street,” and concluded they are “going to put y’all back in chains,” Mr. Romney’s campaign cried foul. This was an obvious and unfair allusion to slavery, Mr. Romney’s surrogates argued.
Well, count veteran Congressman Charlie Rangel among Mr. Biden’s critics on the Democratic side of the aisle.
“The Vice President said he’s going to put “y’all in chains,'” Mr. Rangel told The Perez Notes in a recent free-wheeling interview. “Was he talking about slavery? You bet your ass he was. Was he using the vernacular? Yes, he was. Did he think it was cute? Yes, he did. Was it something stupid to say? You bet your life it was stupid.”
President Barack Obama has gone on the attack against Mitt Romney for his career at the private equity firm Bain Capital and cast himself as an aggressive crusader for reform in the financial industry, but he took decidedly more friendly tone toward big business last night at a fundraiser hosted by Hamilton “Tony” James, President and COO of the private equity giant Blackstone Group. In his speech at Mr. James’ home in Manhattan, the president argued his focus on social programs is actually better for big business than the Republicans’ push for more tax cuts.
“I think all of us benefit from the freedom of free enterprise. But if you look at our history, what we also realize is that what makes our markets work and what allows us then to go out and pursue our individual dreams is that there are some things we’ve done in concert,” President Obama said. “There are some things that we’ve done as a common enterprise — making sure that our schools are teaching our kids the skills that they need to compete in a new economy; making certain that we’re investing in science and research so that the next medical breakthrough or the next great business idea takes root right here in the United States; making sure we’re investing in roads and bridges and airports and broadband lines and wireless networks that allow–that provide a platform for businesses and individuals to succeed; and making sure that we’ve got basic rules of the road in place so that the markets function in a transparent, clear way so that small investors have confidence if they invest on Wall Street they’re not going to get bilked by somebody who has more information than them.” Continue reading “President Obama: ‘I Think All of Us Benefit From the Freedom of Free Enterprise’”
As Air Force Once flew President Barack Obama to New York for a commencement speech at Barnard College, a pair of fundraisers and a taping of The View, White House Press Secretary Jay Carney held a brief mid-air gaggle with reporters where he discussed J.P. Morgan’s $2 billion loss. Though Mr. Carney would not comment on the S.E.C.’s investigationinto the firm, he said the incident proves the need for the Dodd-Frank Wall Street reform bill that was signed into law by the president in 2010.
“What I can say is this event reinforces why it is so important to pass Wall Street reform,” Mr. Carney said according to the press pool report. “The president fought very hard against Republicans and Wall Street lobbyists to get Wall Street reform passed and also worked very hard to ensure the protection bureau was part of it and fought hard to make sure the Volcker rule was part of it.” Continue reading “White House: ‘It Is Amazing That There Are Still Those Who Are Out There Arguing We Should Repeal Wall Street Reform’”