A Responsible Banking Act would require banks that want to make money by holding on to our city's cash to put forward a new generation of strategic plans for meeting the credit needs of New York's communities.
What is under attack here is not The Beatles, it's the physical distribution of goods that can easily be digitized. The bank sector is in massive trouble because almost everything a bank does can be digitized.
The disastrous disarray in the housing industry is a direct result of decisions taken during the deregulation frenzy of the Clinton presidency when the securitization of mortgage was removed from any regulatory supervision.
The good news is that recent revelations about foreclosures being finalized based on improper documentation have spurred outrage nationwide that could lead to action. The bad news is that it's unclear whether that action will be enough.
Conventional wisdom has it that Wall Street is the ultimate bastion of free-market capitalism and that the big bankers are, of course, diehard Republicans, red to the core. But the truth is far from that.
With movie critics split on the film, here's a look at what Wall Street's real bankers -- and those who cover them -- had to say about the movie, its 1987 original, and the larger-than-life Gordon Gekko.