If the industry doesn't initiate reform from within then it will eventually have more extreme reform imposed from outside.
Les Leopold | Posted 05.25.2011
With a straight face, the captains of Wall Street like are telling us that they don't need to be heavily regulated -- that regulations will kill innovation and stifle consumer choice.
Bloomberg News | David Mildenberg | Posted 05.25.2011
May 19 (Bloomberg) -- Bank of America Corp.'s directors and top managers, including Chief Executive Officer Kenneth Lewis, made about $6.57 million by...
Robert Kuttner | Posted 05.25.2011
The same Treasury department that did not hesitate to fire GM's CEO seems determined to keep zombie banks and their zombie managers intact at all cost. And all cost, in this case, could be trillions.
New York Times | EDMUND L. ANDREWS | Posted 05.25.2011
WASHINGTON -- President Obama's top economic advisers have determined that they can shore up the nation's banking system without having to ask Congres...
Hale "Bonddad" Stewart | Posted 05.25.2011
Asking a bank which prudently managed its risk to now kick that prudence to the curb because it took TARP money sets a politically dangerous precedent.
HuffingtonPost.com | Jason Linkins | Posted 05.25.2011
Via Matt Yglesias, it would seem that Douglas Holtz-Eakin, who advised John McCain on economic matters, has come out in favor of bank nationalization....
Howard Schweber | Posted 05.25.2011
Lately the torches-and-pitchforks voices have begun to drown out serious discussion. Time to take a deep breath or two: populist rage is a rotten basis for policy-making.
Sanjiv Gupta | Posted 05.25.2011
If there is a positive side to the financial crisis, it is this: We can no longer avoid confronting the limits of our democracy when our lives and communities are thrown into violent disarray.
David Sirota | Posted 05.25.2011
Before we get scared about the prospect of nationalization, let's remember: nationalization already pervades far more than the banking industry -- it's all around us.
Huffington Post | Julie Satow | Posted 05.25.2011
UPDATE: A new USA Today/Gallup poll finds that a majority of Americans (54%) favor a temporary government "takeover" of major U.S. banks, but a much l...
CNBC | Posted 05.25.2011
Nationalizing insolvent US banks is the best solution to avoid a Japan-like scenario in which 'zombie' financial institutions would eat up public reso...
Huffington Post | Nicholas Graham | Posted 05.25.2011
MSNBC reports that Speaker of the House Nancy Pelosi, speaking to reporters, said that the discussion over the federal government's latest moves to pr...
James Moore | Posted 05.25.2011
Rick Santelli and others are guilty of extreme hypocrisy, the type that only raises its moral head when it serves a particular constituency.
Robert Kuttner | Posted 05.25.2011
It will take much stronger medicine to avert a depression than the measures taken to date, and the president needs to rally public opinion if he is to persuade Congress to act at the necessary scale.
Henry Blodget | Posted 05.25.2011
Nationalization does not mean "government-run banks." It means temporary seizure and restructuring. Customers are protected. Depositors are protected. Jobs are protected.
HuffingtonPost.com | Sam Stein | Posted 05.25.2011
New York Governor David Paterson said Friday that he is cautiously open to bank nationalization, now a front-burner political issue, as a measure to a...
William K. Black | Posted 05.25.2011
Paulson and Geithner's refusal to comply with the law has already cost the taxpayers scores of billions of dollars in unnecessary costs. Geithner indicated Friday that he would continue to flout the law.
washingtonpost.com | Binyamin Appelbaum and David Cho | Posted 05.25.2011
The Obama administration yesterday revamped the terms of its emergency aid to troubled financial firms, setting a course that could culminate with the...
New York Times | Posted 05.25.2011
Comrade Greenspan wants us to seize the economy's commanding heights. O.K., not exactly. What Alan Greenspan, the former Federal Reserve chairman -- ...
HuffingtonPost.com | Sam Stein | Posted 05.25.2011
Even before the panel discussion commenced, George Stephanopoulos knew that this would not, in actuality, be a debate. The topic was the nationalizati...
Raymond J. Learsy | Posted 05.25.2011
Without trust, without confidence that your counterparty financing institutions can deliver or be trusted to execute the obligations they undertake, commerce as we know it will come to a standstill.
Jay Mandle | Posted 05.25.2011
Nationalizing failed banks will not be an easy sell. The country has had a long romance with markets and the residue of that infatuation persists among significant segments of the population.
Miles Mogulescu | Posted 05.25.2011
In order not to spook markets, Obama and a small team of financial commandos needs to orchestrate a sneak attack on the Zombie Banks.
David Paul | Posted 05.25.2011
For years, America has told other countries how to deal with financial crises -- cut your losses. Clean up your balance sheets. Get on with it. This week, the stock market said the same thing.
Don Tapscott | Posted 12.20.2011