Joseph Stiglitz: Banks 'Gutted' Almost Every Provision In The Financial Bill
Joseph Stiglitz is a Nobel laureate, a former chief economist of the World Bank and he chaired Bill Clinton's presidential council of economic advisor...
Joseph Stiglitz is a Nobel laureate, a former chief economist of the World Bank and he chaired Bill Clinton's presidential council of economic advisor...
AP | GEIR MOULSON | Posted 05.25.2011
BERLIN — The United States and Europe broadly agree on the need for reform of the financial system, but global cooperation is needed, U.S. Treas...
nytimes.com | SIMON JOHNSON | Posted 05.25.2011
Televising the conference meetings could help, but, realistically, this is likely to push the substantive decision-making and discussion off-line. The...
rortybomb.wordpress.com | Mike Konczal | Posted 05.25.2011
We discussed two potential derivatives loopholes in the bill (One, Two), the first being about what constitutes a trading facility, and the second is ...
CNBC | Barbara Stcherbactcheff | Posted 05.25.2011
Current efforts to reform financial regulation are "cosmetic" and won't prevent another crisis, economist Nouriel Roubini told an audience on Tuesday ...
Marty Robins | Posted 05.25.2011
One hopes that before our economy can be further damaged from ill-advised measures, the proverbial cooler heads will prevail and reflect on what is really necessary.
HuffingtonPost.com | Ryan Grim | Posted 05.25.2011
Lead Senate negotiators have reached a deal on the portion of the Wall Street reform bill that deals with banks considered "too big to fail", Sen. Chr...
washingtonpost.com | Brady Dennis | Posted 05.25.2011
Some industry lobbyists, bracing for significant setbacks in the Senate, already are pinning their hopes on the House-Senate conference process, where...
HuffingtonPost.com | Ryan Grim | Posted 05.25.2011
The White House, Federal Reserve and Wall Street lobbyists are kicking up their opposition to an amendment to audit the Fed as a Senate vote approache...
Simon Johnson | Posted 05.25.2011
The following also appears on BaselineScenario.com What is the basis for major policy decisions in the United States? Is it years of careful study, ...
Donna Flagg | Posted 05.25.2011
Integrity can't be "written in" to organizational behavior, especially for companies who have unprincipled people working there to begin with. But still, we are mired in regulations.
David Paul Kuhn | Posted 05.25.2011
It's no secret. Democrats are seeking to reform the hand that feeds them. Connecticut Democrat Chris Dodd leads the Senate fight for financial reform...
Chris Weigant | Posted 05.25.2011
Once you get started, it becomes quite easy to justify shaking people down for their papers. I think the police should pull over anyone who looks like they work on Wall Street, at any time.
Robert Reich | Posted 05.25.2011
Evidence of Republicans' tactic to mislead the public comes in the form of a shady anti-financial reform group called "Stop Too Big To Fail" which today announced a new TV advertising push in three key states.
Chris Weigant | Posted 05.25.2011
After three days of repeated cloture votes to bring Chris Dodd's Wall Street reform bill to the floor of the Senate for debate, it appears the Republicans are ready to blink.
HuffingtonPost.com | Ryan Grim | Posted 05.25.2011
For the better part of a year, the GOP has blasted Democrats for legislating "behind closed doors" and making "secret deals." On Monday afternoon, the...
Chris Weigant | Posted 05.25.2011
By refusing to back down, and refusing to "compromise" (read: water the bill down and add loopholes for Wall Street) with Republicans, Reid is showing real strength, and real leadership.
HuffingtonPost.com | Ryan Grim | Posted 05.25.2011
If Senate leadership can overcome a Republican filibuster and begin debate on Wall Street reform, a group of Democratic senators will be ready with am...
Posted 05.25.2011
As the Senate heads into tough negotiations over a historic set of financial reforms, the Roosevelt Institute has put together a crucial set of guidel...
HuffingtonPost.com | Dan Froomkin | Posted 05.25.2011
As Robert Kuttner writes today, Senate Democratic leaders Harry Reid and Dick Durbin are pushing for some dramatic up or down votes next week that wou...
Baseline Scenario | Simon Johnson | Posted 05.25.2011
Bank size is suddenly the issue of the day -- with politicians lining up to oppose any meaningful restriction on the size of our largest banks. Their...
HuffingtonPost.com | Ryan Grim | Posted 05.25.2011
The Wall Street reform bill headed for a test vote on the Senate floor Monday night will allow the Federal Reserve to continue to pump trillions of do...
BusinessWeek | Simon Johnson | Posted 05.25.2011
April 23 (Bloomberg) -- Much of the discussion around the Securities and Exchange Commission case against Goldman Sachs Group Inc. has focused on the ...
HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011
In yet another sign that the country can't rely solely on regulators to police the financial system, Treasury Secretary Timothy Geithner told Congress...
The Baseline Scenario | Simon Johnson | Posted 05.25.2011
On Thursday, President Obama will give one of the defining speeches of his presidency. Most presidents are remembered for only 2 or 3 policies or eve...
ABC | Posted 05.25.2011