JP Morgan Chase CEO Jamie Dimon is constantly running around railing about financial reform generally and the Volcker Rule in particular, usually in such hyperbolic terms that it should self-discrediting. Here's one example of his over-the-top ridiculous claims about the...

The goal of financial reform is simple: to protect taxpayers, our treasury and our economy from suffering a repeat of the 2008 collapse by making our financial system safer, sounder and more stable. The cornerstone of financial reform is the law known as Dodd/Frank, designed to make our financial system...

First the banks committed massive fraud in originating and packaging mortgages, leaving the country littered with millions of little mortgage time bombs set to explode in the years after they lined their pockets and made their get-away. The poster child for this unconscionable conduct is Countrywide (now owned by Bank...

"Let me help a few victims I created by ripping them off and illegally throwing them out of their homes by false court filings that I swore were true." That's what the so-called mortgage settlement talks are really all about: fraud, perjury and crimes. That's what these banks did and...

I can barely write this as tears for the poor, picked-on Wall Street bankers fill my eyes as they are comforted by Obama's campaign manager, who reportedly met yesterday with his big donors on Wall Street.

Until we fix the sickening campaign finance system, I don't...

Why are there no banking statesmen is a question I've asked before , and it is the unstated question underlying a recent Financial Times editorial: "Restoring Faith in the Banking System." While the editorial focuses on the "culture within banking institutions," the real problem is leadership...

The New York Times has a long editorial in today's edition entitled "The Middle Class Agenda" with the subtitle "President Obama Knows What Ails the Middle Class. Does He Know How to Fix It?"

Here are their suggestions for "Regulating the Banks":

Mr. Obama said banks are...

Last month, New York Federal District Judge Jed Rakoff rejected a sweetheart settlement that the SEC proposed with Citigroup, finding it deficient in many ways and calling the fine nothing more than "pocket change." In fact, the settlement was so weak it actually rewarded...

As he has regularly done in the past with other media outlets, President Obama artfully dodged a straightforward question about lack of criminal prosecutions from Steve Kroft on 60 Minutes last night. The question was about how one of the things bothering people was the fact that no...

The SEC and Citigroup are trying to bully Federal Judge Jed Rakoff into rubber-stamping a sweetheart settlement for a massive fraud. That's bad enough, but the SEC has also locked arms with Citigroup to make sure as little information as possible is disclosed to the Judge and the...

The details are still under wraps, but it is being reported that a House-Senate conference committee is cutting the administration's $308 million budget request for the Commodities Futures Trading Commission (CFTC) by one-third, to $205.3 million, which is merely level funding. Of course, the CFTC's responsibilities under the...

Foreclosure mills and their employees getting rich off the poor fortune of others is a routine bottom-feeding business and have been around a long time. Occasional stories about their heartless, indifferent and often brutal actions occasionally pop up, but no one ever really pays attention. After all, these people "deserve"...