All these men are honorable. None has broken any law. But they and their ilk in congress -- the Democrats who are now rolling back Dodd-Frank -- don't seem to appreciate the extent to which Wall Street has harmed, and continues to harm, America.
JPMorgan Chase is a perfect example of modern corporate leadership in its native habitat: at the center of a complicated matrix of human desires which it manipulates to suit its own ends. And you and I are allowing it to continue.
It has been a full five years since banks crashed the economy and more than a year since President Obama announced a special task force to investigate big bank crimes. Ever since, homeowners and community members have been fighting for fair and deserved relief and justice.
For five years we've watched the Justice Department ignore overwhelming evidence of bank crime. That's what makes this letter from Sen. Elizabeth Warren so important.
In short, what would happen to our overall feeling of self-worth if a major movement emerged to take on the Wall Street plutocrats and their Washington enablers? What if unemployed workers were part of a mass movement for jobs and justice as they were in the 1930s?
The European antitrust authorities have finally carried out inspections of oil firms in three countries as well as the offices of the price-index publisher Platts, to determine if they distorted published prices of crude oil and petroleum products. It is a first step, long overdue, but it targets the wrong benchmark.
Wall Street excesses brought the economy to the brink of collapse. But now the Wall Street behemoths are bigger than ever and President Obama is looking to cut the Social Security benefits of retirees. That will teach the Wall Street boys to be more responsible in the future.
How astonishing to have a public servant who actually cares to inform the public about the inner workings of the system of crony capitalism that has wedded big government with big business. This comes at the expense of the free market that corporate lobbyists delight in invoking as an ideal while they subvert it as a reality.
The banks aren't creating anything real, just imaginary financial instruments. But ensuring that more people have access to a college education will only improve society in the long run. So why are we bleeding poor students dry while giving big banks preferential treatment?
Latin America continues to be one of the fastest growing regions in the world, even though growth slowed down a bit in 2012. However, these blissful external conditions will not last forever.
Since 2007, Wall Street has evicted four million families -- approximately ten million people -- from their homes. Millions more are ensnared in ongoing foreclosures.
We are wary of used cars salesmen, but how conscious are we of the fact that almost everything we buy is sold to us by a commission-based broker who wins when they convince us to buy more than we came to purchase?
Bankers would have you believe they're not lending enough because of government constraints. In reality, they're not lending enough because they've grown dependent on government largesse.
The high pay for those at the top does not come out of the air; it comes from everyone else's paycheck. There is no single policy that would reverse this enormous upward redistribution of income, but reining in CEO pay has to be an important part of the story.
All the evidence suggests that the Fed has turned into an entity which is too big to fail/jail/bail or prosecute, manages the financial system on behalf of Wall Street and is accountable to no one.
Policymakers' decisive actions since our last report in October have increased global financial stability by reducing acute risks. In the euro area,...