U.S. Treasury Secretary Timothy Geithner argued forcefully on Wednesday for creating a government watchdog for financial consumers, while giving cautious support to paring back its scope. Amid stiff resistance by banks and Republicans to the proposed Consumer Financial Protection Agency, Geithner told a House of Representatives committee the CFPA is needed to fix failures starkly revealed in the global financial crisis. “The need for a dedicated, consolidated consumer protection agency is clear.

Russia links Iran sanctions to US missile change NEW YORK ? With a diplomatic wink and nod, Russian President Dmitry Medvedev opened the door Wednesday to backing potential sanctions against Iran as a reward to President Barack Obama’s decision to scale back a U.S. missile shield in Eastern Europe. While U.S. and Russian officials denied a flat-out [...]

9/23-PCW Extreme Political TV- Part 2 Suave: “Welcome back to PCW Extreme Political TV.”  Backstage, Von Munchke and SNAFU have to be separated.  Suave: “As you can see, they’re still trying to get at each other.  SNAFU now has the services of one Dawn McGill backing him up and he wants to get his hands on Dr.

White House spurned five requests from PM’s aides for bilateral meeting Gordon Brown lurched from being hailed as a global statesman to intense embarrassment tonight, after it emerged US President Barack Obama had turned down no fewer than five requests from Downing Street to hold a bilateral meeting at the United Nations in New York or at the G20 summit starting in Pittsburgh today. The prime … Go to Source

The lawyer for a wealthy fundraiser for Hillary Rodham Clinton and other top Democrats said Wednesday that his client’s political contributions were legal — despite charges he defrauded banks of hundreds of millions of dollars. Hassan Nemazee pleaded not guilty to an indictment accusing him of carrying out a $292 million Ponzi scheme. Nemazee was the national finance chairman for Clinton’s 2008 presidential campaign and later raised money for President Barack Obama.

Wall Street tumbles US stocks tumbled today in a choppy Wall Street session as investors reacted to the Federal Reserve announcement that it would maintain its stimulus program to nurture a fragile recovery. Gaming News from Casino City Times The lastest in gaming news from around the world. Casino and gambling coverage updated more than daily! Wood River office manager admits to embezzling; losing $103,000 gambling A former office manager of Elk Heating and Cooling in Wood River pleaded guilty Wednesday to four counts of fraud offenses after she embezzled about $266,056 from the company and gambled away nearly half the money.

Wow, so under Barack Obama the Chinese flag was flown in Washington DC to celebrate the 60th anniversary of that country’s communist revolution.Even if one wanted to write a fictional book on the destruction of America from within, he could not make it more surreal than what is happening under Barack Obama.What next?

Massachusetts lawmakers fulfilled Sen. Edward M. Kennedy’s dying wish Wednesday, granting the governor the power to appoint an interim replacement for him so President Barack Obama can regain a critical 60th U.S. Senate vote he needs to pass a health care overhaul this year. Gov. Deval Patrick will announce his appointment Thursday at a news conference at the Statehouse.Read more

Sep24 News Anchor AP – President Barack Obama challenged world leaders Wednesday to shoulder more of the globe’s critical burdens, promising a newly cooperative partner in America but sternly warning they can no longer castigate the U.S. as a go-it-alone bully while still demanding it cure all ills.Read the Full StoryObama to world: Don’t expect America to fix it all (AP) Share and Enjoy:Related News PostsSeptember 12, 2009 — APNewsBreak: US proposes nuclear resolution at UN (AP) –

The Congress’ chief author of financial regulatory reform moved on Tuesday to kill the most controversial part of an Obama administration proposal for a new government watchdog for financial consumers. Banks would not be required to offer so-called “plain vanilla” versions of financial products, such as mortgages, under draft legislative language drawn up by Democratic Representative Barney Frank and obtained by Reuters.