Stress Testing Tim Geithner

U.S. Treasury Secretary Tim GeithnerThanks to Occupy Wall Street, in the State of the Union this week President Obama struck some of his most populist themes yet. He wants to tax millionaires, bring back manufacturing and prosecute the big banks. He touted his Wall Street reforms saying the big banks are "no longer allowed to make risky bets with customers deposits" and "the rest of us aren't bailing you out ever again."

But are we safe from the next big bank bailout? Many experts are dubious and Wednesday the consumer advocacy group Public Citizen decided to test the theory in the most direct way possible. They used the administrative law process to formally petition the nation's top bank regulators to move swiftly to break up Bank of America (BofA) asserting in their petition: "The bank poses a grave threat to U.S. financial stability by any reasonable definition of that phrase."

Spoof Program Handed Out at Walker's State of the State Address

People’s State of the State program spoofWell-dressed women in suits handed out "official" programs at Wisconsin Governor Scott Walker's State of the State address last night. The back of the program read "2011-2012 Legislative $ession Brought to you by the American Legislative Exchange Council (ALEC)," and featured pictures of the Koch Brothers and a long list of Walker campaign contributors.

Following a welcome prayer in the pamphlet is the faux Walker address, which highlights actual statistics from the U.S. Bureau of Labor showing that Wisconsin suffered six straight months of job loss compared to consistent job growth at the national level.

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