As the fight for financial reform on Capitol Hill enters its final stages, it is worth reviewing what is being done to protect states and localities from the Wall Street con.
Auto dealer lending practices are a disgrace. If bank auto loans are regulated but car dealer loans aren't, unscrupulous bankers will use dealers as minions to make an end run around consumer protection.
One of the many destructive legacies of the Reagan Era was the effective Washington consensus that wars and other military spending exist on their own...
The House version of the Wall Street reform bill has a $150 billion fund -- pre-paid by the big banks -- that would cover the cost when a big bank fails. The Senate bill does not.
Barney Frank won them at least two more years of a broken system, of selling highly-risky products while the agencies entrusted with evaluating the risk have an incentive to look the other way.
In 1890, J.P. Morgan pulled in close to 20 times what his employees did annually. Today, CEOs earn more in three hours than minimum wage workers do in a year. This imbalance is both irresponsible and irrational.
The opposition to a mortgage bridge loan amendment on the part of the GOP is astounding as they continue to hammer away at the middle class, side with the banks, and stack the deck in favor of Wall Street.
To the surprise of many, Blanche Lincoln won her Arkansas Senate runoff. She did so as a modern-day William Jennings Bryan, standing up for farmers and pushing a strong Wall Street reform proposal to protect taxpayers.
Military spending, which is at its highest levels since the end of WWII, is facing bipartisan opposition in Congress. In this hyper-partisan age, that's saying something.
The Wall Street reform effort enters a new phase on Thursday, as the conference committee between the House and Senate will meet to begin hashing out the differences between the House and Senate versions which have already passed.
It is critically important the regulators create a level for systemic risk that hedge funds and private equity funds must obey.
Later this week, members of both houses of Congress will meet in the final legislative push for financial reform. Much of the conference will be in public session but backroom deals are likely to determine the final outcome.
When the Senate bank reform legislation passed in May, Senate Majority Leader Harry Reid said it sent the message to Wall Street "no longer can you re...
The so-called smart money is on Harman in next Tuesday's primary, but the incumbent -- like the Israeli government -- has reason to worry. Sometimes, moral revulsion can topple defenders of the indefensible.
The White House should use its voice and its influence to push for full transparency in financial reform so that we can watch the lobbying and backroom deals that usually happen behind closed doors.
We need to understand that "regulatory capture" has become a way of life in Washington. The current reforms don't go nearly far enough.