The pope's visit to America in September 2015 will have a dramatic impact on the public discourse and issue debates of the presidential and congressional campaigns that will formally begin in January 2016, to the advantage of liberals.
American capitalism is fully functional only when there is full employment. Any restriction to this primary and mandatory factor to our economy, lessens our stability as a country and is an overt danger to every American.
One pathway to genuine reform is "public banking": the establishment of banks which are owned and operated by the government, and which serve people and small businesses directly. Here's why public banking should be included in the agenda for deep and genuine financial reform.
Wall Street money and influence suffuses both our politics and our media, so the answer to that question remains to be seen. But the ideas presented by Fisher and Rosenblum should reshape our national conversation over the financial and moral failure of our current banking system.
Banks say transaction reordering is not simply a new way to squeeze profits from unsuspecting customers. They claim that by processing the largest transactions first, they're actually doing us a solid.
It's a sign of our shadowy times that the latest regulatory "reform" bill hasn't been laughed out of Washington. Same goes for the latest bankers' complaint, this time about being asked to cover their own bets.
Why is Chase so eager to get all of us who care about our local non-profits to start talking about Chase's good works? May I suggest because they'd prefer we didn't talk about what an extreme menace to society it is.
This Administration's failures -- in domestic policy at least -- are more the product of doing too little too late, than of doing too much too soon. Nowhere is that failure clearer than in the Administration's inept handling of the home foreclosure crisis.
In order to rein in unnecessary risk and fraudulent behavior, what is needed now is a robust, serious and sustained effort to root out, expose and prosecute those illegal acts that led to the financial crisis.
If our societal goal is to reduce risk in banks, bank boards should compensate management teams not just in the bank's equity, but a combination of the equity and fixed income instruments of the institution.
President Obama and others have used the recent $2 billion loss by JPMorgan Chase as a call for more regulation. What the president and his allies miss is that recent events at JPMorgan illustrate how the system should -- and does -- work.
Paul Volcker deserves better. In the hands of Tim Geithner's Treasury, the Rule named for Volcker supposedly limiting speculative mischief by government-guaranteed banks is fast becoming a cumbersome parody of itself.