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DK Matai | Posted 05.25.2011 | Business
DK Matai

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

The Stealthy Deregulation of Energy

Wallace Turbeville | Posted 05.25.2011 | Green
Wallace Turbeville

A colleague with an encyclopedic knowledge of the economy told me recently that he did not have a good feel for energy deregulation. My friend thought its obscurity may have been planned by the industry.

Friday Talking Points [131] -- Democratic Campaign Advice

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

This week, Congress -- moving with its usual less-than-blinding speed -- passed a Wall Street reform bill, a mere two years after the crisis hit. Wal...

How Brokers Became Bookies: The Insidious Transformation of Markets Into Casinos

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

Casinos for betting on what something will do in the future have been elevated to the status of "prediction" markets, and they can cover a broad range of issues

Derivatives Reform Will Benefit -- Not Burden -- End Users

Jim Collura | Posted 05.25.2011 | Business
Jim Collura

The only derivatives users that need worry about this reform are those that have exploited the status quo recklessly and irresponsibly, driving up costs for all Americans and threatening our nation's economic stability and competitiveness.

Scott Brown Will Split With GOP, Vote For Financial Reform Bill

AP | JIM KUHNHENN | Posted 05.25.2011 | Politics

WASHINGTON — Sens. Olympia Snowe and Scott Brown pushed sweeping financial legislation to the edge of final passage Monday, both announcing they...

Paul Volcker: 'The Savior Of Wall Street'

The New Republic | Noam Scheiber | Posted 05.25.2011 | Business

But then something unforeseen happened: Legendary Fed Chairman Paul Volcker, a hero to Wall Street reformers and scourge of megabanks, penned a letter...

Banks Must Be Barred from Dealing Derivatives: It's NOT a Normal Part of the Business of Banking

SAFER | Posted 05.25.2011 | Business

Jane D'Arista and Gerald Epstein Political Economy Research Institute (PERI), University of Massachusetts, Amherst and Coordinators of SAFER The furo...

BP Lobbying Against Financial Reform's Derivatives Regulation As It Cleans Up Oil Spill

Mother Jones | Andy Kroll | Posted 05.25.2011 | Politics

Oil giant BP may be overwhelmed with the clean-up from the collapse of its Deepwater oil rig in the Gulf of Mexico. But the corporation has still foun...

Goldman Sachs Robbed the EU By Way of Greece

Stephen Herrington | Posted 05.25.2011 | Business
Stephen Herrington

Someone will make money off of Greece's bailout or default, and you can bet that Goldman Sachs has shorted the Euro.

Don't Let Goldman Sachs Off the Hook

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

We want Fed money to be fueling business and consumer lending -- we don't want it to be encouraging gambling in the securities and derivatives casinos.

Congress Goes to Bat for Wall Street

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

No matter what else is ultimately enacted in the name of Wall Street reform, Congress decided last night that it will not confront the single greatest problem in the U.S. economy: Too Big To Fail.

Shahien Nasiripour

Former Fed Chairman Volcker Opposes Forcing Banks To Spin Off Swaps Desks | Shahien Nasiripour | Posted 05.25.2011 | Business

The establishment is lining up against Blanche Lincoln. As chairman of the Senate Agriculture Committee, the Arkansas senator authored a bipartisan b...

Shahien Nasiripour

Financial Crisis Commission Hearing UPDATES: Bear Stearns, SEC Officials Grilled | Shahien Nasiripour | Posted 05.25.2011 | Business

We've compiled breaking updates of the Financial Crisis Inquiry Commission's hearing today on "the shadow banking system." Today's testimony includes...

Break Up the Banks: By the Numbers

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

It's past time to break up the big banks. They take on too much risk and endanger the financial system. They have far too much political influence and threaten our democracy.

The F Word: Responsibility for Greek Protest Deaths

Laura Flanders | Posted 05.25.2011 | World
Laura Flanders

Consider what claimed their first fatalities Wednesday. . . demonstrations by the strapped? Or decades of decision making that wrote off inequality, poverty and debt as just collateral damage.

Financial Reform: Lobbyists Fret, Call Some Proposals 'Crazy' 'Draconian,' 'Insanely Unproductive' | Brady Dennis | Posted 05.25.2011 | Business

Some industry lobbyists, bracing for significant setbacks in the Senate, already are pinning their hopes on the House-Senate conference process, where...

Shahien Nasiripour

Apple, Whirlpool Among Companies Calling For Relaxed Standards For Wall Street | Shahien Nasiripour | Posted 05.25.2011 | Business

Household names like Apple, Caterpillar and Whirlpool are part of a coalition of companies lobbying Congress to allow Wall Street to escape tough new ...

Rick's Casino - The 2010 Version, That Is

Leo Hindery, Jr. | Posted 05.25.2011 | Business
Leo Hindery, Jr.

If Citigroup is the 'poster child' for all that went wrong in the commercial banking side of the financial industry since 1999, then, Goldman Sachs is, the 'poster child' for the investment banking side.

J.P. Morgan Still Hates the Economy

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

J.P. Morgan's Chief Economist James Glassman recently indulged in a vaguely worded assault on financial reform, arguing that Congress is about to ruin the economy by cracking down on Wall Street. Don't believe a word of it.

Jamie Dimon, Business Council To Meet With Obama About Economy, Financial Reform

Posted 05.25.2011 | Business

Jamie Dimon, the CEO of JP Morgan Chase, is scheduled to dine at the White House Monday evening with President Obama, according to Bloomberg. Bloom...

Obama the Visionless: Flogging the Four Horsemen of the Bureaucracy

Anis Shivani | Posted 05.25.2011 | Politics
Anis Shivani

We are stuck with the checklist president -- the to-do-list president, the carry-over president, the regulation president -- when what we needed was a vision president.

The Lying Liars at Goldman Sachs

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Goldman Sachs sent its second-highest-ranking officer to to tell the FCIC that his company is staffed by complete idiots. David Viniar claimed that his company just doesn't know how to do basic bookkeeping.

Shahien Nasiripour

Financial Crisis Commission Turns Up Heat On Goldman Sachs: 'Nobody Here Believes You' | Shahien Nasiripour | Posted 05.25.2011 | Business

The panel created to investigate the roots of the financial crisis escalated the government's assault on Goldman Sachs on Thursday, criticizing the Wa...

Shadow Elite: Rolling Stone's Hastings - How Outsiders Provide the Indispensable Check & Balance

Janine R. Wedel | Posted 05.25.2011 | Media
Janine R. Wedel

Michael Hastings broke the understandings maintained for mutual benefit by the military, reporters who regularly cover it, and perhaps some allied think tanks as well. He did not have special access, he chose to take a risk.