If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
Did the London Whale revelations result in protections for bank customers -- and their federal insurers -- from this kind of gambling?
Reasonable people would agree that a bank having a history of involvement with fraud and mismanagement (and a recipient of one of the largest bank bailouts) shouldn't be writing bank legislation. Unless, of course, you are the U.S. Congress doing business as usual.
All these men are honorable. None has broken any law. But they and their ilk in congress -- the Democrats who are now rolling back Dodd-Frank -- don't seem to appreciate the extent to which Wall Street has harmed, and continues to harm, America.
Lew was offered a $940,000 bonus from Citigroup if he could land a job in government. That's one hell of a carrot. And here he is interviewing for Geithner's job.
To do their job properly, financial regulators -- the people in charge of securing our economic future -- must understand how their policies affect these communities. And that's why we desperately need people of color in these positions.
We went to war with Germany, Italy and Japan on December 7, 1941 to defeat fascism. Most people would define fascism as a rigid social order that sub...
The appointment comes as no surprise because the agency typically draws regulators from the ranks of the regulated. But it does illustrate a significant problem: by relying so heavily on people with industry connections, the SEC can tangle itself in conflicts of interest.
In the post-Dodd-Frank world, transparency should not be thwarted, access to immediately free market data should not be reduced, and retail investors should not have less protections.
Policymakers' decisive actions since our last report in October have increased global financial stability by reducing acute risks. In the euro area,...
The roles of a lead director and board chair are different. More and more American corporations are moving towards effective, non-executive chairs. Banks should not be dragging their feet.
What will happen the next time the largest banks in America gamble their way into chaos? Will taxpayers bail them out again or will the "stakeholders" be forced to make up the losses?
I caught up with Chanos in his New York office to ask what's driving the current era of rampant fraud, who is to blame, what can be done, and the ways in which fraud costs us financially and socially.
Money was always mysterious to me. As a child, the subject of money was only reserved for 'grown folks.' I knew that my father, a career officer in the United States Army, left home every day for some place called work. Still, I never knew how money was earned or how it affected my life.
The Standard Chartered agreement with the Department of Justice actually anticipates dismissals of its crime. It states that if Standard Chartered denies its crimes, it must issue a new statement within five days after the government orders it.
Let's face it. Everybody loves cheap energy. Almost all human activities require energy consumption and, if something is so basic, it seems pretty obv...
I suspect the Koch brothers are perfectly happy to have folks like me running around arguing about the correct deflator to use or the percent of the Ryan budget's spending cuts affecting low-income programs, while they continue to buy "research" that says otherwise and policies that exacerbate inequality. That doesn't mean we give up on factual analysis. It's what we do best and I will not be convinced that facts are irrelevant. But neither will I kid myself that facts matter anywhere near as much as they should, or that they will win the day anytime soon. Despite evidence to the contrary, we will be stuck with austerity economics and "Obamacare kills children" for the indeterminate future. More damagingly, we may well be unable to ban assault weapons or take actions against climate change, all due to... what? A missing movement? An inadequate theory of how change occurs? Lack of money? Votes?
