Lost in all the bickering between Democrats and Republicans when Bank of America officials testified before Congress last week was a seemingly crucial piece of evidence that seems to show the bank's executives relied on faulty data leading up to the December 5, 2008 shareholder vote on the $50 billion acquisition of Merrill Lynch.
One of the enduring mysteries about Ken Lewis' decision to proceed with Bank of America's $50 billion acquisition of Merrill Lynch last fall is why Lewis did not disclose Merrill's growing weekly multi-billion dollar losses to his shareholders before they voted on the deal on December 5. Was he pressured to close the deal by Federal Reserve Chairman Ben Bernanke and then Treasury Secretary Hank Paulson? Or was Lewis determined to add the investment bank to BofA's financial empire come heck or high water?
Monday's 2009 Major League Baseball home opener for the New York Mets at their new ballpark promises to reignite controversy -- and not just over the team's suspect pitching.
Addie Polk, who became the national face of the foreclosure crisis last fall when she shot herself during an eviction, was a quiet woman who never asked for help.
Top Democrats have expressed concern over President Obama's plan to draw down nearly two-thirds of U.S. forces in Iraq by August 2010, while some key Republicans are offering praise.
The government forced Citigroup to cancel its order for a brand new $50 million corporate jet. Now, two Congressmen are hoping that the Obama administration will convince the beleaguered bank to scrap its naming rights deal with the New York Mets.
The story behind people who don't eat meat (or egg or dairy or anything that that came from an animal)
Mortgage finance company Fannie Mae said it is forgiving the mortgage debt of a 90-year-old woman who shot herself
Bringing a growing health concern to Congress, scientists squared off Thursday over whether cell phones contribute to brain cancer.
An attempt by Rep. Dennis Kucinich to impeach President Bush was kicked into legislative no-man's land by members of his own party Wednesday.
Lost in all the bickering between Democrats and Republicans when Bank of America officials testified before Congress last week was a seemingly crucial piece of evidence that seems to show the bank's executives relied on faulty data leading up to the December 5, 2008 shareholder vote on the $50 billion acquisition of Merrill Lynch.
One of the enduring mysteries about Ken Lewis' decision to proceed with Bank of America's $50 billion acquisition of Merrill Lynch last fall is why Lewis did not disclose Merrill's growing weekly multi-billion dollar losses to his shareholders before they voted on the deal on December 5. Was he pressured to close the deal by Federal Reserve Chairman Ben Bernanke and then Treasury Secretary Hank Paulson? Or was Lewis determined to add the investment bank to BofA's financial empire come heck or high water?
Monday's 2009 Major League Baseball home opener for the New York Mets at their new ballpark promises to reignite controversy -- and not just over the team's suspect pitching.
Addie Polk, who became the national face of the foreclosure crisis last fall when she shot herself during an eviction, was a quiet woman who never asked for help.
Top Democrats have expressed concern over President Obama's plan to draw down nearly two-thirds of U.S. forces in Iraq by August 2010, while some key Republicans are offering praise.
The government forced Citigroup to cancel its order for a brand new $50 million corporate jet. Now, two Congressmen are hoping that the Obama administration will convince the beleaguered bank to scrap its naming rights deal with the New York Mets.
The story behind people who don't eat meat (or egg or dairy or anything that that came from an animal)
Mortgage finance company Fannie Mae said it is forgiving the mortgage debt of a 90-year-old woman who shot herself
Bringing a growing health concern to Congress, scientists squared off Thursday over whether cell phones contribute to brain cancer.
An attempt by Rep. Dennis Kucinich to impeach President Bush was kicked into legislative no-man's land by members of his own party Wednesday.
Rep. Dennis Kucinich, a former Democratic presidential candidate from Ohio, introduced a resolution to impeach President Bush into the House of Representatives on Tuesday.
Sen. Hillary Clinton on Saturday formally ended her bid for the White House, bringing an end to her historic run by endorsing Sen. Barack Obama.
The House of Representatives met in secret session Thursday night to debate revisions to federal surveillance laws, closing off the chamber for the first time since 1983 at the request of its Republican minority.
Mike Gravel, that old guy from the Democratic debates, is still running for President. But as Joel Stein found out, he mostly just wants some attention, not votes
The stars are shining over New Hampshire – at least as far as Tuesday's presidential primaries are concerned.
In search of the perfect caucus, Joel Stein joined Iowans in their bead-throwing, rule-morphing festival
Sen. Hillary Clinton has taken an early lead in the race for the Democratic presidential nomination, even before voters make their voices heard in the first-in-the-nation presidential contests in Iowa and New Hampshire.
Environmental activists are frustrated. They can't get the issue of global warming into the presidential campaign.
CNN hosted a Democratic debate Thursday evening on the campus of the University of Nevada, Las Vegas. CNN.com users tuned in to see if Hillary Clinton would recover from the last Democratic debate and what questions, if any, would unravel the candidates this time.
Think picnic, political fundraiser, circus, and rally and it pretty much gives you a visual of The Harkin Steak Fry on a hot-air balloon field in Indianola, Iowa.
Democratic presidential candidate John Edwards told a labor group Tuesday that he would ask Americans to make a big sacrifice: their sport utility vehicles.
Former Defense Secretary Donald Rumsfeld said Wednesday there was no evidence of a cover-up of the circumstances of Army Ranger Cpl. Pat Tillman's death.
Oil executives denied that drivers are overpaying for gasoline because the fuel expands in hot weather and provides less energy per gallon
The eight candidates vying to be the Democrat nominee for president in the 2008 elections answered questions submitted by CNN and YouTube users in a debate Tuesday night. Here is a full transcript of the event:
Democratic presidential hopefuls traded barbs over the war in Iraq Sunday night in New Hampshire, with former Sen. John Edwards blasting two rivals for not taking the lead on a recent war spending bill.
Every presidential candidate sees New Hampshire as a critical state, but for Democratic candidates looking a breakthrough, the Granite State is the political land of hope and possibility.
The calendar on the wall may read 2007, but the nation's political calendar flipped to 2008 on Thursday night for a Democratic presidential debate.
No blood was spilled in the first of umpteen presidential debates, and you had to listen hard for the low-impact jabs during Thursday night's showdown between Democratic presidential hopefuls.
Back up the truck - the one to collect billions in cash. Oil company earnings are on tap.
President Bush slammed Democrats on Friday after the House narrowly approved a supplemental war spending bill that includes an August 31, 2008, deadline for combat troops to leave Iraq.
Less than two weeks after filing papers to set up an exploratory committee for a possible bid for the Democratic nomination in the 2008 presidential race, Sen. Evan Bayh has dropped out of the running.
The Republican Party is projected to retain control of the U.S. House of Representatives, marking the sixth consecutive term in which it has held the majority.
Day three of tracking blogs surrounding the activities of the Democratic National Convention focused on former presidential candidates, including John Edwards, as well as delegate doings, media coverage and, of course, Barack Obama.
Check out the links below to hot political stories around the country this morning.
One day after reaffirming his belief that "we have to be in Iraq," John Kerry wins backing today from Dennis Kucinich, whose antiwar base threatened to be a mild distraction from Kerry's coronation in Boston.
With the Democratic National Convention set to begin next week, U.S. Rep. Dennis Kucinich announced his support Thursday for Sen. John Kerry as the party's presidential candidate, representatives for both Democrats said.
Leaders of the NAACP say they're furious with President Bush for refusing to address their convention this past weekend.
Check out the links below to hot political stories around the country this morning.
The audience cheered on Monday as Ohio Rep. Dennis J. Kucinich strode through the crowd on his mission to the microphone to address students at Portland Community College's Sylvania Campus.
Check out the links below to hot political stories around the country this morning.
Two full days of 9/11 commission hearings have blocked most TV coverage of the '04 campaign, but those hearings did more to influence the Bush/Kerry race than any new attack ad or policy speech ever could. With the pent-up energy of two boys stuck in rainy-day recess, George Bush and John Kerry roar back into campaign mode today, armed with publicity stunts they've kept under wraps all week.
WASHINGTON (CNN) -- Democrats who ran unsuccessfully for their party's presidential nomination this year walked away from the race with something of a consolation prize -- higher name recognition and a broader platform for their respective agendas.
The Rev. Al Sharpton threw his support Monday behind Sen. John Kerry's Democratic candidacy for the White House, calling the senator a "good man."
Sen. John Kerry has amassed enough delegates to clinch the Democratic presidential nomination, according to a CNN survey.
Editor's note: Campus Vibe is a feature that provides student perspectives on the 2004 election from selected colleges across the United States. This week's contributor is Dwayne Robinson, student writer at The Alligator, the University of Florida student newspaper. The views expressed in this article are not necessarily those of CNN, its affiliates or the University of Florida.
If you haven't turned on a TV or read a magazine or a newspaper recently, you probably haven't heard that your job is moving overseas.
Facing off in the last debate before Tuesday's nominating contests in 10 states, the four Democratic presidential contenders united in their attacks on the Bush administration for its handling of Haiti but quarreled over economic issues.
Former New York Gov. Mario Cuomo and his son, former Housing and Urban Development Secretary Andrew Cuomo, endorsed Sen. John Kerry for president Saturday.
The four remaining Democratic presidential hopefuls will square off Thursday in advance of next week's "Super Tuesday" showdown.
Democratic front-runner Sen. John Kerry of Massachusetts added three more wins to his victory column, sweeping contests in Utah, Idaho and Hawaii over his major rival for the presidential nomination, Sen. John Edwards of North Carolina.
Check out the links below to hot political stories around the country this morning.
CNN projects Sen. John Kerry will win Wisconsin's presidential primary in a narrow victory over Sen. John Edwards.
Sen. John Kerry of Massachusetts won the caucuses in Nevada and the District of Columbia on Saturday, widening his strong lead over his Democratic rivals.
Sen. John Kerry was projected to win Maine's Democratic caucuses Sunday evening, the third straight weekend victory for the front-runner in the race for the party's presidential nomination.
Just four weeks ago, John Kerry breathlessly touted a "major endorsement" in Iowa that aides said (hoped?) would change the course of the campaign.
For the first time since Iowa, Howard Dean is not the post-election story. And after the results of yesterday's seven-state contest, he's not even the sidebar.
A presidential candidate makes few moves the world does not see. Cameras catch virtually every speech, every gesture, every triumph and every misstep, and hold them up under the bright light of public scrutiny.
Let's suppose John Edwards wins South Carolina today, as polls suggest he well might. Does the native-son-of-a-mill-worker draw any sort of bounce from this? More importantly, what does he do for an encore?
From Liza Kaufman Hogan, CNN.com:
Spirits were high at John Kerry's campaign headquarters over the weekend with polls showing the Massachusetts senator at the top of the pack.
Sen. John Kerry moved atop the Democratic pack in New Hampshire five days before the state's presidential primary, with a five-point edge over his closest rival, Howard Dean, in a CNN/USA Today/Gallup tracking poll out Thursday.
When the cameras roll tonight at the St. Anselm's College debate, look for all seven Democrats to be on their best behavior. Why? Because the biggest message out of Iowa this week wasn't about organization, money or momentum. It was about kindness.
Despite being credited with breathing life into his presidential bid by pushing positive themes, Sen. John Edwards' campaign circulated a confidential briefing book earlier this month that instructed supporters on how to attack his Democratic rivals during the Iowa caucuses.
Democratic presidential candidates John Edwards and Dennis Kucinich have struck a deal to support each other should one candidate fail to draw the minimum support needed to compete in Monday night's Iowa caucuses, Edwards campaign sources said.
Sure, you could decide whom to vote for by listening to the candidates speak and reading their position papers, but wouldn't it be easier if there were armies of political-science majors who did all the sorting and thinking for you?
From the Wolf Blitzer Reports staff in Atlanta:
Editor's note: Campus Vibe is a weekly feature that provides student perspectives on the 2004 election from selected colleges across the United States. This week's contributor is Jerome C. Pandell, the special projects editor of The Daily Northwestern, the student newspaper of Northwestern University in Evanston, Illinois. The views expressed in this article are not necessarily those of CNN, its affiliates or Northwestern University.
Just days before the January 19 Iowa caucuses, the first referendum of the 2004 presidential campaign, Democratic candidates were criticizing President Bush, special interests and health-care coverage.
ONE LESSON Americans learned in the Eighties was that they had to take responsibility for their own fates. For companies, in the age of raiders and Darwinian global competition, this was luminously...
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