If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
Reasonable people would agree that a bank having a history of involvement with fraud and mismanagement (and a recipient of one of the largest bank bailouts) shouldn't be writing bank legislation. Unless, of course, you are the U.S. Congress doing business as usual.
The federal is deficit going down. The Dow Jones is at an all-time high. The consumer confidence index is inching back up. For business owners, everyt...
The reader may wonder whether Roger Myerson is making an effort at irony. No. Our family rule that it is impossible to compete with unintentional self-parody is once again vindicated.
The Dodd-Frank rulemaking process, now in its fourth year, has been so long, wonky and arcane that it has entirely lost the interest of the public and the press -- as perhaps was the plan of its detractors.
That sound you hear is the humming engine of the American economy starting to pick up speed. Our economy is the engine that creates American grow...
Is Senator Warren's plan the best way to help struggling students pay for the cost of higher education? Certainly not. But given the way Washington works, you take what you get, which means the plan deserves support.
"We have to nationalize the banks. We have to get rid of the government. We need to have access to the internet seen as a human right. We need to have...
Wall Street analysts make bad calls all the time, but among the worst made at least in recent history has to be Meredith Whitney's prediction back in 2010 that the municipal-bond market was set for an epic implosion.
Two of the largest banks in the world, which reap massive explicit and implicit subsidies from the government, were criminal enterprises for at least a decade. Each engaged in violations that were vastly larger than Liberty Reserve.
Beyond more focused EU spending is also the responsibility of business to help bring down youth unemployment by showing what they have to offer Europe in order to make the transition from school to work flow more smoothly.
An increased congruence between the moral, ethical and legal foundations of corporations, especially in the financial services sector, is essential If they are to be refunded to serve the social purposes and human needs for which they were chartered.
Not content with having swindled tens of millions of Americans out of their homes and life savings, the very bankers who caused the biggest economic catastrophe since the Great Depression are now subverting government regulations designed to prevent comparable disasters in the future.
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.
What are we to take from this, from a governance and accountability perspective? First, the directors who received less than 60 percent should all be replaced.
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.
