Topic

Wall Street

37 articles 2011–2018

Take the Girl, Leave the Bull

The Scrapbook · April 27, 2018

Readers may remember Fearless Girl, the 50-inch-tall bronze statue of an intrepid young girl, placed in front of the famous Charging Bull sculpture in Lower Manhattan. The girl, New York City mayor Bill de Blasio recently announced, will be moved to a new location nearby—in front of the New York…

Bull Plucky

The Scrapbook · October 13, 2017

In March, a New York hedge fund installed a bronze Fearless Girl statue facing down Wall Street’s famous statue of a charging bull. It was an instant sensation.

Liberals for Capital, Conservatives for Labor?

Jay Cost · May 1, 2017

In the heart of Wall Street, a new statue is causing quite a kerfuffle. Sponsored by State Street Global Advisors, one of the world’s largest asset-management firms, the "Fearless Girl" was installed earlier this year to stand in front of the famous "Charging Bull" in Bowling Green Park, just a…

Tarnished Bull

Alice B. Lloyd · April 14, 2017

Wall Street's three-and-half-ton bronze Charging Bull has stood frozen in mid-charge, to meet oncoming traffic just above the bottom of Broadway for nearly 30 years. It's a symbol, the artist Arturo Di Modica would say, of achievement and optimism—of the American capitalist's unbridled bravado.…

Wall Street Hillary

The Scrapbook · October 21, 2016

Elsewhere in this issue, our colleague Mark Hemingway surveys the revelations contained in the WikiLeaks release of hacked emails from Clintonista John Podesta. Without giving too much away (see "Scandal? What Scandal?"), it will not surprise you to learn that the emails confirm two obvious points:…

Wall Street Hillary

The Scrapbook · October 21, 2016

Elsewhere in this issue, our colleague Mark Hemingway surveys the revelations contained in the WikiLeaks release of hacked emails from Clintonista John Podesta. Without giving too much away (see “Scandal? What Scandal?" on page 28), it will not surprise you to learn that the emails confirm two…

Pro-Bank Frank Appointed to DNC Rules Committee

Jenna Lifhits · May 6, 2016

The Democratic National Committee has selected bank board member and Clinton ally Barney Frank to co-chair the party's rules committee, a move that could aggravate Bernie Sanders' attempt to push his anti-big bank agenda at the Democratic Convention in July.

Beyond Bailout Nation

Stephen Moore · October 26, 2015

After the Great Depression, Democrats ran against Herbert Hoover for 30 years—and with great success. Even though Hoover’s policies were anything but market-oriented—he greatly raised spending, taxes, and tariffs in response to the 1929 Wall Street crash—Republicans took the fall for Hooverism. It…

Liz Warren Praises Bernie, O'Malley; Ignores Hillary

Shoshana Weissmann · July 24, 2015

Senator Elizabeth Warren praised two Democratic presidential candidates - Sen. Bernie Sanders and Gov. Martin O'Malley - for their stances on Wall Street. "I'm pleased that Sen @BernieSanders and Gov @MartinOMalley are supporting @TammyBaldwin's bill to slow down the Wall Street revolving door,"…

Republicans and Wall Street

Jay Cost · December 29, 2014

Last week, Massachusetts senator Elizabeth Warren threatened to derail the omnibus continuing resolution (“cromnibus”) that funds most of the government through the end of the fiscal year. She objected to the elimination of an obscure rule in the Dodd-Frank financial reform law known as “push-out.”…

The 'Gang of Five' Returns

Jay Cost · October 3, 2014

One of the most interesting aspects of the 2013 Virginia gubernatorial race between Democrat Terry McAuliffe and Republican Ken Cuccinelli was an ad sponsored by the Conservative War Chest tagging McAuliffe as part of the “Gang of Five.” According to the ad, this group -- Democratic party leaders,…

Virginia-7: Here the People Rule

William Kristol · June 11, 2014

Around 7:00 p.m. this evening, as the polls closed in Virginia’s 7th Congressional District, and as a populist, anti-Big Government and anti-Big Business challenger was about to record an amazing upset of the House majority leader in the GOP primary, an email arrived in TWS inboxes.  It was from…

Spitzer Ad: 'Look, I Failed. Big Time'

Michael Warren · July 23, 2013

Eliot Spitzer, the former governor of New York who resigned in 2008 after it was revealed he was a client of a prostitution ring, has a new campaign ad for his run for New York City comptroller in which Spitzer admits he "failed. Big time." The 60-second ad, which features one news anchor saying…

Warren Walks Back 'Save Capitalism' Comment

Michael Warren · July 31, 2012

Massachusetts Senate candidate Elizabeth Warren backed away from her statement that supporters of hers from Wall Street tell her she could "save capitalism." The Boston Herald reports on the Democratic candidate's walkback:

Bob Shrum Comes Out 'In Defense of Jon Corzine'

Mark Hemingway · November 19, 2011

Prominent Democrat and presidential campaign consultant Bob Shrum has an, uh, interesting column in The Week defending former Goldman Sachs CEO, U.S. senator, and New Jersey governor Jon Corzine. As you might also recall, Corzine has been in the news lately because his latest Wall Street venture,…

Mitt Romney: Wall Street's Candidate?

Michael Warren · August 22, 2011

Is former Massachusetts governor Mitt Romney now the candidate of big finance and Wall Street? Several financial industry donors who gave to Barack Obama in 2008 have shifted their dollars to Romney, the Hill reports.

Happy Hour: Obama Loses Ground

Mark Hemingway · July 28, 2011

Associated Press: "A federal wildlife biologist whose observation that polar bears likely drowned in the Arctic helped galvanize the global warming movement during the last decade was placed on administrative leave while officials investigate scientific misconduct allegations."

High Unemployment Is a Price Our President Is Willing to Pay

Irwin M. Stelzer · July 8, 2011

This is a tale of two cities. Well, two streets, Wall Street and Main Street, with a stop on Pennsylvania Avenue along the way. On Wall Street all is cheery, if you don’t count the investment banks that are faced with rising costs, lower incomes, and the need to pare staffs. Investors have watched…