Fox Business - The Power to Prosper
Search Site

Senate Race Massachusetts

Wall Street left to rebuild Obama ties after backing Romney

Wall Street firms gambled on Mitt Romney and lost.Now, faced with the prospect of even tougher regulations in President Barack Obama's second term, they have to build better ties with the new financial regulators he will appoint.Stock investors fear banks will meet with limited success. Shares of Goldman Sachs Group, JPMorgan Chase & Co and Citigroup dropped 5 percent, Bank of America lost 6 percent and Morgan Stanley fell 7 percent in midday trading on Wednesday.Obama lost the support of many bankers in the aftermath of the 2008 financial crisis and the passage of the 2010 Dodd-Frank financial reform law, which sought to shore up the financial system but also cost banks billions of dollars in annual profit.The Democratic president has openly stated his distaste for "fat cat bankers" who "don't get it," and bankers fear more trouble is ahead if they cannot influence how the Dodd-Frank rules are implemented."He will continue to increase regulation, demonize and vilify businesses, and sp...

Read More

  1. Blumenthal Beats McMahon in Connecticut

    FBN's Connell McShane on the election results for the Connecticut Senate seat.

  2. All Politics Bad Politics?

    We take a look at the mistakes politicians are making in the messages they are sending to the public ahead of the midterm elections.

  3. Christine O'Donnell's Potential as a Senator

    Radio talk show host Mark Levin on the Tea Party candidate's potential to win her Senate race and how she would do on Capitol Hill.

  4. Tea Party Gaining Popularity in California

    The Tea Party Express founder Sal Russo argues pay scandals surrounding city officials will boost Tea Party support.

  5. Dems’ Rebranding The Bush Tax Cuts?

    Conservative columnist Jedediah Bila on the political debate over tax cuts, the heated California Senate race , and VP Biden's defense of stimulus.

  6. Jobs Key Issue in Conn. Senate Race

    Fmr. NYC Firefighter Vinny Forras on running for Senate from Connecticut.

  7. Pataki Removes Himself from Senate Race

    Former NY Governor George Pataki on why is no longer perusing political office, but still wants to shape government policy.

  8. DC Report: Election Shockwaves

    Why Senator-elect Scott Brown’s victory may help small businesses

  9. The Godfather on the MA Senate Race

    Comedian Rob Bartlett as the Godfather breaks down the Massachusetts senatorial

  10. Buffett: We Will Keep Buying Businesses

    Berkshire Hathaway Chairman Warren Buffett the decision to split company B-shares.

  11. Medical-Device Makers and Massachusetts

    Lazard Capital Vice President Dr. Sean Levin on how the Senate decision in Massachusetts may trickle down to impact medical-device manufacturers.

  12. Will GOP Win Halt Reform?

    Bradley Woods and Co. President Dan Ripp on whether results of the Massachusetts Senate race will stall the health-care reform bill.

  1. Factbox: Quotes from the 2012 election

    Americans re-elected Democratic President Barack Obama on Tuesday after a tightly contested race against Republican Mitt Romney. Below are some comments made by cand...

  2. Factbox: Quotes from the 2012 U.S. election

    Americans re-elected Democrat Barack Obama as president on Tuesday after a tightly contested race against Republican Mitt Romney. Below are some comments made by can...

  3. Both Parties Battling for Senate Seats

    FBN's Peter Barnes breaks down spots up for grabs in the Senate.

  4. As investors bet on election, odd trading crops up

    Money managers across the United States are avidly watching the November 6 presidential election, gaming out investing strategies in the event of a second term for B...

  5. Michael Dukakis on Romney’s Economic Record

    Former Gov. Michael Dukakis, (D-Mass.), on Mitt Romney’s record as Governor of Massachusetts .

  6. Private Sector Adds More Jobs than Expected

    FBN's Connell McShane breaks down the jobs report from ADP.

  7. Mixed Results for Tea Party Candidates

    FBN's Connell McShane on how the Tea Party candidates did in races around the country.

‹ Prev12Next ›
Freebase CC-BY
Source: Senate Race Massachusetts on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL