iOS app Android app


DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....


Bloomberg | Christine Harper | Posted 05.25.2011 | Business

Wall Street's biggest firms are considering the suitability of selling opaque financial products to governments, endowments and not-for-profit institu...

Focus Financial Reform on the "Too Big" Part: That's What Will Prevent Economic Collapse

Paul Abrams | Posted 05.25.2011 | Politics
Paul Abrams

It is the devastating "collateral" damage to the rest of the economy -- you and me -- that a big bank failure causes that should be absolutely prevented.

Obama To G20: It's Time To Act On Financial Reform, Can He Get World Leaders On Board?

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

In a Monday letter to the G20, President Obama outlined several key components of his push for international financial reform and pushed the group of ...

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

'13 Bankers': Great Read And Real Solutions To The Financial Crisis

Daily Kos | Posted 05.25.2011 | Home

When the banks failed, stock market tanked, and the TARP money rolled out in the last months of the Bush administration, books on the topic were right...

Matt Taibbi: Wall Street Lobbyists Vs. The Rest Of The World | Matt Taibbi | Posted 05.25.2011 | Business

It's early May in Washington, and something very weird is in the air. As Chris Dodd, Harry Reid and the rest of the compulsive dealmakers in the Senat...

Michael Lewis's 'The Big Short' Gets Up Close And Personal With Perpetrators Of Financial Catastrophe

Posted 05.25.2011 | Home

Jeff Madrick The New York Review of Books At the Heart of the Crash "The Big Short: Inside the Doomsday Machine" by Michael Lewis Norton, 266 pp., $...

The Next Democratic Senate Primary Candidate We Need to Support

Wade Norris | Posted 05.25.2011 | Denver
Wade Norris

Now that you have delivered victories for Joe Sestak in Pennsylvania and most likely a win for Bill Halter in Arkansas, you, the netroots, need to know about the next important primary candidate.

Scaling Back Our Bloated Financial Sector

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Individual oversized banks are not the only problem Big Finance poses to the economy -- the overall sector is much too large.

Why the Financial Reform Is Not Much of a Reform

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

With this bill's passage, the Democratic Party will pat themselves on the back and move on to the next issue, praising a "reform" that is less than half done.

Jason Linkins

Fact-Checking Blanche Lincoln's Claim That She's 'Standing Firm' Against Wall Street (VIDEO) | Jason Linkins | Posted 05.25.2011 | Politics

Senator Blanche Lincoln (D-Ark.) is the chair of the Senate Agriculture Committee and a key vote on derivatives reform. She's also taken $1.2 million...

Wall Street's Victory Lap

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

By now you have probably realized -- correctly -- that "financial reform" has turned into a victory lap for Wall Street.

Bury Our Banks in Style!

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

How can we bury the Too Small To Bailout banks in style? Here are a few suggestions.

Meg Whitman's Shady Goldman Sachs Past -- Is It California's Future?

Richard (RJ) Eskow | Posted 05.25.2011 | Los Angeles
Richard (RJ) Eskow

With the betting is still hot and heavy on who will default first -- Greece or California -- does the state really need to be led by someone with a Goldman Sachs mentality?

Why the Finance Bill Won't Save Us

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

The White House has jettisoned all measures in the finance bill that would change the industry's structure -- opting instead for more regulations. But regulations don't work if it's the underlying structure that got us into trouble in the first place.

Shahien Nasiripour

Top Fed Official Says Megabanks Need To Shrink Or Crises Will Keep Occurring | Shahien Nasiripour | Posted 05.25.2011 | Business

The U.S. financial system is tilted in favor of the biggest banks, compromising the "very foundation of the economic system" and putting the nation at...

Bank Brawl Continues: Now It's Lincoln vs. Obama

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

This week, the U.S. Senate passed a strong financial reform bill. Now it's time to hold President Obama's feet to the fire to ensure the strongest possible bill.

Dylan Ratigan: Four Things Worth Supporting In Financial Reform Bill (VIDEO)

Posted 05.25.2011 | Politics

While the financial reform bill passed by the Senate does not address the root causes of the financial collapse, it's not entirely worthless, accordin...

Shahien Nasiripour

Gary Gensler, Top Regulator, Says Some Derivatives Should Be Illegal | Shahien Nasiripour | Posted 05.25.2011 | Business

In a move that could rattle Wall Street and upset bank-friendly Democrats, the top federal regulator overseeing much of the derivatives market says th...

Six Key Fights for Wall Street Reform's Next Phase

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Thursday night's passage of Wall Street reform is an event to be celebrated, but several key issues remain in play as the House and Senate iron out differences between their respective versions of the legislation.

Senate Vote Signals Historic Change in Wall Street Political Clout

Robert Creamer | Posted 05.25.2011 | Business
Robert Creamer

For four decades Wall Street had its way with American government. The big Wall Street banks and their economic apologists dominated the main stream of economic thought. Last night their domination came to a screeching halt.

Shadow Elite: Derivatives, A Horror Story

Janine R. Wedel | Posted 05.25.2011 | Business
Janine R. Wedel

Inside this closed culture, the ideals of the free market are repeatedly espoused, but not upheld. Derivatives, the exotic contraptions that enrich the banking business, have flourished in the shadows, not in the open marketplace.

The Admiral v. PACman: New Shape to Pennsylvania Senate Race

Paul Abrams | Posted 05.25.2011 | Politics
Paul Abrams

What Republicans should really be crying about is Sestak's stunning victory over Specter in PA. The Dems now have a 3-star Admiral running against a guy who spent 4 years running a PAC, and earlier traded credit default swaps.

Chris Dodd, Phil Gramm, and the Legacy of a Statesman

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

In the past 24 hours, Dodd appears to have been going to bat for Wall Street, not out of concern for any greater political good, but exclusively for the purpose of padding the profits of big banks.