The word "speculator" has often been conflated with "entrepreneur," and both of them tarred with the brush of "con men."
If you watched this drama closely, you surely noticed how narrowly we conceptualize corruption in America. In effect, general influence peddling and election purchasing, which we see more commonly, are legitimate.
Tens of thousands of precedents exist public ownership and they are indeed interesting. But a listener to Brancaccio could not be faulted for coming away with the impression that public enterprises are few and far between.
Serious people have been suggesting that we think hard about eliminating paper currency. Paper money facilitates criminality and creates the zero lower bound (ZLB) for nominal interest rates. So, why not just get rid of it and replace it with electronic money?
How often do you see those two words together? Rarely indeed. Banks are not necessarily what we call leisure places, final destinations, or halls of fun
This settlement sends a strong message that banks that prey on customers and investors will be held accountable. I will continue to investigate financial institutions that bend the rules for their own benefit, and pursue equal justice for all New York families.
Six years after the financial crisis demonstrated that the mega-banks are too big to fail, regulators have now officially determined that more must be done before one can fail without triggering a bailout.
First, let's start with the good (if you can really call it that) news: A trail of money that began with triple-digit loans to troubled New Yo...
A new report by the Urban Institute and Encore Capital Group's Consumer Credit Research Institute shows 77 million Americans -- 35 percent of those with files at a major credit bureau -- have a debt in collection. But as you can expect, there is always someone profiting from poverty.
There are many who want the government to play a rule in reducing inequality. That might be a desirable goal. However a higher priority would be to have the government stop playing a role in increasing inequality as it does with its support for the financial industry.
I was well into my college career when I actually learned what investment banking was. A friend of mine told me he wanted to essentially sacrifice t...
Barack Obama's Justice Department on Monday announced that Citigroup would pay $7 billion in fines, a move that will avoid a humiliating trial dealing with the seamy financial products the bank had marketed to an unsuspecting public, causing vast damage to the economy.
Elizabeth Warren and John McCain aren't often on the same side of a debate in Washington. But the freshman Democratic senator and the veteran Republican lawmaker do agree that banking should be simpler and safer.
Instead of privatizing the post office, there may be a better way to raise revenue for the post office by providing financial services for many who need access to credit and short-term capital.
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.
North American banks that don't clue in that their competitors now include companies like PayPal, T-Mobile and even the US Postal Service could be fac...