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Financial Markets

Will Sarah Palin Quit on Asia Too?

Julie Farby | Posted 05.25.2011 | Politics
Julie Farby

Guess who's going to Asia? That's right! America's cuddly ice bunny from the Snowy North is heading to the Far East to serve the people!

Are Our Financial Markets Being Manipulated?

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Market manipulation are actions by rogue and not so rogue players who, working alone or together, unduly influence the way our supposed "free" markets function.

Is the Financial and Mortgage Industry Smart Enough to Recognize the Lifeline Obama Has Thrown It?

Howard Glaser | Posted 05.25.2011 | Business
Howard Glaser

A closer look at the Obama plan reveals that the proposed overhaul is, by and large, in the best interests not only of consumers of financial products, but the financial companies themselves.

White House Paring Back Finance Reforms

Wall Street Journal | Posted 05.25.2011 | Business

WASHINGTON -- The Obama administration is backing away from seeking a major reduction in the number of agencies overseeing financial markets, people f...

Junk-Bond Rally Premature as Record Defaults Loom, Analysts Say | Shannon D. Harrington | Posted 05.25.2011 | Business

May 7 (Bloomberg) -- Junk-bond investors who have spurred the biggest rally on record are getting ahead of the recovery as the rate of company failure...

Derivatives: The Crystal Meth of Finance

Thomas A. Bass | Posted 05.25.2011 | Business
Thomas A. Bass

The world economy sits on top of the world financial markets, and there is no hope of engineering an economic recovery without a functioning financial system.

Frank Slowing On Financial Receivership Bill

Wall Street Journal | Posted 05.25.2011 | Politics

Slowing a rapid-fire attempt to revamp regulation of financial markets, House Financial Services Committee Chairman Barney Frank (D., Mass.) said he n...

If a Financial Institution is Too Big to Fail, It's Just Too Big

Robert Creamer | Posted 05.25.2011 | Business
Robert Creamer

Those who advocate allowing unlimited corporate growth argue for the advantages of economies of scale. But once you look at the actual functions of financial institutions, these arguments fall flat.

Dear Mr President: Please Read Your Blogs -- (It's Not Like Eating Your Spinach)

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

It would be a bit disturbing if a president who has said he wants to hear the widest range of opinions on important issues would want to dismiss those who write blog posts.

Comparing Costs Today, 1950 | Mark J. Perry | Posted 05.25.2011 | Business

With some help from the Student Entrepreneur Society at the University of Michigan-Flint (especially Jennifer Moore), and an old 1950 Sears catalog pu...

Help Wanted: Swedish Model to Kill Off Zombie Banks

Miles Mogulescu | Posted 05.25.2011 | Business
Miles Mogulescu

In order not to spook markets, Obama and a small team of financial commandos needs to orchestrate a sneak attack on the Zombie Banks.

Where Do We Set the "Restore" System Date?

Tom Tresser | Posted 05.25.2011 | Business
Tom Tresser

At what point did our financial system stop producing real value and started selling soap bubbles? Can you quote any far-sighted individuals who saw all this coming?

Transform Banks into Credit Unions

Mike Garibaldi-Frick | Posted 05.25.2011 | Business
Mike Garibaldi-Frick

Banks have been ripping-off the middle class for years. In addition to user fees, the middle class pays banks large spreads on mortgages, credit cards and other types of debt.

2009: A Time for Real Economic Change

Mike Garibaldi-Frick | Posted 05.25.2011 | Business
Mike Garibaldi-Frick

America's anger and ingenious will is stoked and a new, more open administration is coming to power looking for innovative, far-reaching ideas.

Getting Grounded: An Agenda for the Near Future

Bob Jeffrey | Posted 05.25.2011 | Politics
Bob Jeffrey

Discussing good works is fine, but what counts will be values-driven decision-making that puts the communal good, good works and good results at the top of the agenda.

Markets for Financial Crime

James Love | Posted 05.25.2011 | Business
James Love

The lawyers and consultants that enable the fleecing of the public have vast incentives. We need to think more about the reasons why markets for honesty and consumer protection work so poorly.

Obama Right to Reassure Wall Street Markets With Rubinauts But Also Needs Econ Advisors Who Stand for Main Street

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

We can only hope that Obama balances the smart Rubinauts whom he has picked to lead his economic team with some equally smart pro-Main Street economic minds.

Avoiding Financial Trauma Stress Disorder

Mark Silver | Posted 05.25.2011 | Business
Mark Silver

It was a fantasy-land wish to see the election victory Obama and a more progressive agenda fill the global economy with enough confidence to stop the ...

"Mind-Boggling" is Not Descriptive Enough

Neil Grossman | Posted 05.25.2011 | Business
Neil Grossman

With respect to AIG itself, as of the end of last year, the company had 116,000 employees... the cost of keeping just these employees in their jobs now amounts to over $1 million per employee.

Needed: A New Language of Regulation

David Epstein | Posted 05.25.2011 | Business
David Epstein

Unless we can move beyond this dichotomy of "more" or "less" regulation and develop a new language of regulation, the public dialogue, and the policy that flows from it, will be incomplete and flawed.

More On the Sky Falling

Tim Berry | Posted 05.25.2011 | Business
Tim Berry

I'm usually just working on small business, but yesterday, as I went over the Sunday New York Times, I hit upon one piece by Ben Stein that struck a cord.

Sam Stein

Greenspan: This Is The Worst Economy I've Ever Seen | Sam Stein | Posted 05.25.2011 | Politics

Former Federal Reserve Chairman Alan Greenspan offered a woeful outlook of America's economic situation on Sunday, saying the crisis with the country'...

The Nightmare Has Not Ended: Be Very Scared

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Is anyone surprised that the markets would go up after billions of dollars were "injected" into ailing markets? Think of that as an injection of penic...

The Financial Crisis and Health Care

Ezekiel J. Emanuel, M.D., Ph.D. | Posted 05.25.2011 | Politics
Ezekiel J. Emanuel, M.D., Ph.D.

While the financial crisis has appeared to knock health care off the national agenda, in the strange chemistry that is American politics, it may make comprehensive health care reform more politically feasible.

The Rise Of The Financial Machines

New York Times | RICHARD DOOLING | Posted 05.25.2011 | Business

"BEWARE of geeks bearing formulas." So saith Warren Buffett, the Wizard of Omaha. Words to bear in mind as we bail out banks and buy up mortgages and ...