If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
The Blog
I propose that we put our money in institutions with a good record of local lending, and who treat their customers well by not charging outrageous fees or usurious credit card interest rates.
Hopefully, the SEC's pursuit of long-overdue fraud charges against Goldman Sachs is only the beginning of a process that will take the country back from these financial monopolists.
Are we really to believe that Goldman is the worst offender? Or are they a convenient scapegoat? Politically, nothing could be a safer bet than attacking Goldman.
We asked a group of industry experts and watchdogs to tell us if they thought the government should leverage its stake in Citi to break up the bank -- and if so, how? Our new report provides some interesting answers to these fundamental questions.
Last week, in the middle of former Federal Reserve Chairman Alan Greenspan's testimony in front of the Financial Crisis Inquiry Commission (FCIC), the lights went out. But electrical snafus are just the beginning of the FCIC's problems.
Why exactly is Goldman permitted to be classified as a 'bank holding company,' enjoying all the benefits and access to government programs that such categorization entails without upholding its societal responsibility?
Big bankers know how to dodge taxes on their earnings and bonuses leaving middle class Americans holding the bag. The solution? It's time to take it back.
Chairman Angelides was apparently unaware that Citigroup had reason to be deeply alarmed by the events that caused the Bear Stearns hedge funds to implode.
What we need is a change in the conventional wisdom in Washington, away from the idea that what is good for Wall Street is good for America, and toward the idea that we should be skeptical of the megabanks.
At stake in the financial reform debate is an issue that has received far less attention than the CFPA, but is at least as important: Whether Congress will restore the authority of states to oversee national banks.
Greenspan bears more responsibility for the calamity than any single person. It is rare in the history of any major event one can make such a claim.
Many of the same people who were involved in the bailouts, who still don't have a fundamental understanding of banking, are now designing a regulatory reform bill. Good luck to us.
Anyone looking at the full picture would see that it is silly to claim that taxpayers made a profit in our investment in Citi. But, hey the banks and the bankers did well, not much else matters in Washington Post land.
Does it seem right to you that a state's ability to stay afloat should be the stuff of secretive betting pools? That's just what's happening. While st...
If a megabank shut-down under pressure was impossible for our policymakers last year, how exactly will the situation change after the Dodd bill passes?
A new Senate proposal calls for reinstating strict caps on the size of banks. It would mean breaking up at least five big banks.
