Laws are only as good as the regulators who enforce them. If the SEC believes in the charges it brought against Citi executives, it should be working with prosecutors to pursue a criminal case.
The phrase "double-dip recession" means little to most of us. To people on Main Street, it hasn't been been a "dip". We took a drop to the bottom two years ago and stayed there.
The corruptions of journalism were on full display when CNN's Fareed Zakaria turned to Robert Rubin this past Sunday for advice on how to fix the financial crisis that he, as much as anyone, caused.
Banks broke the law and hired other people to break the law for them, scoring big profits without being punished. Is it any wonder that they're still at it?
If there was ever a shining example of why you should Move Your Money from Wall Street, legalized loan sharking is a good one.
The Library of Congress has made changes to the Digital Millennium Copyright Act that make it legal to jailbreak your iPhone, run any lawful app and adapt your iPhone to run on any compatible wireless network.
Over the last few days, Connecticut Senator Chris Dodd and Treasury Secretary Tim Geithner have made the case that Harvard professor and Congressional...
"Financial Reform" will be a boom for people in the payday loan business. There will be many new customers who need bank-like services. It's almost like Congress implemented a plan of "Reverse Robin Hood."
Part of the deal when taxpayers forked over nearly a trillion dollars to bail out the banks for their own stupidity and recklessness was that they would make things right. Instead, they've been allowed to continue to pillage with impunity.
Houston was able to find a stadium sponsor to replace Enron. A city as big as New York should be able to find a sponsor for the Mets' field that is not funded by the American taxpayers.
If we are going to address the avalanche of nationwide foreclosures, the private sector must do their part help struggling homeowners.
Following up on my recent article Ripped Off by Your Bank? Tell Us About It!, I've been doing some research on safe places to do my banking. I came ...
The following is also posted on Johnson's blog, BaselineScenario.com. "Breaking up big banks would actually increase system risk" is a refrain heard f...
Obama should threaten a veto if financial reform is impotent. Certainly the nation would feel that they regained a government responsive to them, and even if no bill is passed at this time, at least they have not been held as fools.
The debate over derivatives has become a proxy fight that pits American businesses -- the engines of economic growth -- against the megabank lenders who have been using publicly provided discounts to make out like bandits.
How many of the country's largest, best-known banks and corporations took huge, deep gulps at the well of the poverty industry? Well, how much time do you have?