Banks with Glass Walls

Cate Long, 12.17.2009

http://riski.us

We could use some banks with glass walls... Banks that don't operate like black boxes and put the entire economic system at risk with their risky trading ventures.

Credit Suisse Circumvents Iran Sanctions to Make Money

Damien Hoffman, 12.17.2009

Editor-in-Chief, Wall St. Cheat Sheet

Will the US strip Credit Suisse of their charter to do business in the US? Of course not. We live in the wild, wild west. If you pay a fine, you can jump right back into screwing people over again.

Republicans' Job Creation Tripe

Lawrence Mishel, 12.17.2009

President, Economic Policy Institute

The bank bailouts are now expected to cost $200 billion less than initially anticipated. When last week President Obama rightfully proposed using thes...

Time Magazine's Person of The Year Joke

Earl Ofari Hutchinson, 12.17.2009

Political Analyst and Social Issues Commentator

Time Magazine's editors got a jump on April Fools Day when they named Fed Chairman Ben Bernanke its Person of the Year. Here's what Bernanke did sin...

Bring Back the Glass-Steagall Act to Break Up the MegaBanks that Caused the Crisis

Rep. Maurice Hinchey, 12.16.2009

The financial system in this country has been rigged and my new bill to re-establish Glass-Steagall will help undo the circumstances that led to this most recent collapse while helping to prevent future ones.

Why Are the Banks Not Lending More?

Pat Choate, 12.16.2009

Author of Saving Capitalism

Our leaders have chosen to shift the burdens onto the U.S. public and refuse to regulate Wall Street. It's almost as if Wall Street owns Washington.

Are Bank Executives Really Stuck in the Fog?

Rep. Edolphus Towns, 12.16.2009

Common sense should have told these gentlemen that when the President of the United States summons you to the White House, you check the weather ahead of time and plan accordingly.

The Middle Class Collapse

Les Leopold, 12.16.2009

Author, "The Looting of America"

Do the super-rich really earn their wealth? Financial wealth is a slippery concept especially as it slithers through a mountain of bailouts now running somewhere near $13 trillion.

Bank Weekend...

Bob Dowling, 12.15.2009

Visiting Professor, Tsinghua University, Beijing

I haven't seen any polls on a breakdown of trust, polls saying how the public feels about WashWall, the entity. The president has been blasting Wall Street since he took office. Much talk, no action.

Cash Trades on Bluff and Deception

Bill Baker, 12.14.2009

Author of "Endless Money"

Imagine that the explosive printing of broad money, which has been the case since the founding of the Federal Reserve in 1913, ceased tomorrow.

In The Public Interest: Are Consumers Too Small To Save?

Ed Mierzwinski, 12.10.2009

Will Congress Replace the CFPA With a Coalition of Unwilling Regulators? Washington often seems like Superman's Bizarro World where "Us is opposite....

Why is Barney Frank allowing lobbyists to gut financial reform?

Edward Harrison, 12.08.2009

Banking and finance specialist, Global Macro Advisors

This article originally appeared on my site Credit Writedowns That is the question Newsweek asked of the Democratic Congressman from Massachusetts in...

Bank failures in Georgia killing small business and households

Edward Harrison, 12.04.2009

Banking and finance specialist, Global Macro Advisors

This article originally appeared on my site Credit Writedowns. Note: Since this post was published, three more banks in Georgia have failed. Read deta...

Is repayment of TARP money good for taxpayers?

Edward Harrison, 12.04.2009

Banking and finance specialist, Global Macro Advisors

This article originally appeared on my site Credit Writedowns When I read Yves Smith's recent comments on Bank of America's repayment of its TARP fun...

Bernanke Must Answer for Dark of Night Change in Bank Regs

David Segal, 12.03.2009

Rhode Island State Rep.

In its new regulations, the Fed did Americans a huge disservice, doing away with consumers' potential right of recovery of overdraft charges -- which will total nearly $37.5 billion in 2009 alone.

AmTrust bankruptcy bad sign for regional banks

Edward Harrison, 12.02.2009

Banking and finance specialist, Global Macro Advisors

This article originally appeared on my site Credit Writedowns. AmTrust Financial, a privately held regional bank holding company based in Cleveland, ...

One in Seven

David M. Abromowitz, 12.03.2009

Senior Fellow at the Center for American Progress

One in seven. That is the astounding proportion of American families in default on their home mortgages. And if we don't take bolder steps soon to get...

Shaming the Shameless: Why Treasury's Tactics Won't Stop Banks from Misbehaving

Richard Zombeck, 12.02.2009

HuffPost's Eyes & Ears Mortgage Specialist. See more at www.shitheyduhree.com

Treasury wants to shame banks into treating customers fairly. But it's a curious approach to reforming an industry that apparently has no shame to begin with.

Overdraft This!

Erik Sean Nelson, 12.03.2009

Comedy Writer

Why are things a crime for the normal citizen, but daily routine for the Big Guys? Kill one person and you get life in prison. Kill 1 million people and it's called war.

Why Obama Won't Do What's Needed to Deal With the Mortgage Crisis

David Fiderer, 12.02.2009

Banker/Writer

In places like Phoenix, 54% of homeowners with mortgages have negative equity. That's about half a million underwater mortgages, more than the combined totals in Texas and New York state, where 10 times as many people live.

Oops! I Ruined Your Life! When Innovation Hurts

Ben Mangan, 12.01.2009

One night when I was in junior high, my recently retired stepfather was innovating in the kitchen. He was a burgeoning cook, with lots of time on his ...