The sad lesson of Dodd-Frank is that Wall Street is too powerful to allow effective regulation of it. The only answer left is to break up the giant banks with antitrust action.
The most striking lessons from the financial crisis and its aftermath already appear either to have been forgotten or to have never been learned. The American financial system can still be brought to its knees by the poor decisions of a small group of executives.
Bill Clinton's Newsweek cover story shows that the man has long been convinced that there is no problem or contradiction of his that cannot be simply plastered over with blather. Sadly, he may be right.
The U.S. economy is surviving only because of over-stimulation. We're living on fumes in this country, and the pursuit of happiness has come to an end for millions of families.
While many of us regard diversity as a positive value in and of itself, there's a business case to be made as well: We're talking about a large and growing market.
The cost of data breaches continues to rise, and it's no surprise that many find themselves asking, "If the high-profile companies are at risk, what's the small business to do?"
The bailout and stimulus money allowed us to limp along for a couple of years. Now we are back to where we started, but worse, since we borrowed trillions to pay for it.
Maybe, with the tough new demand to increase statutory capital far beyond what the banks were willing to do, there will be a banking system that is more protective of itself.
The myth of American financial competence is underscored by the latest story of how Goldman Sachs lost 98% of a $1.3 billion investment by Libya's sovereign wealth fund. Wow, in Goldman Sachs We Trust!
Shahien Nasiripour, Senior Business Reporter for The Huffington Post, appeared on "Democracy Now!" to discuss his recent report, "Confidential Federal...
Too Big to Fail banks will continue to endanger the economy because they know they'll be rescued again. The Rajaratnam conviction doesn't change the underlying reality: Too Big to Fail is still Too Big to Jail.
When making your Derby bet, forget all the high powered systems and strategies and give it your best guess.
We can't solve California's fiscal disaster without addressing the foreclosure crisis. It doesn't make sense to make severe cuts to state and local budgets only to allow Wall Street banks and their overpaid CEOs to drain billions more from our states.
When it comes to bonds, the client is conveniently never shown how to settle based on prices. Instead they are taught a nonsensical and more complicated method called yield settlement.
Mohamed's halal cart gives workers in Tribeca something good for something less, which is a rarity today.
I'm not paranoid, but isn't the proposed Google-backed system for having a credit card on your phone a little Big-Brother-creepy?