Protecting the American people from another devastating financial crash and the economic wreckage it causes begins with reflecting honestly about the past and trying to learn the right lessons.
In today's America, bankers are often seen as uncaring, and media portrayals reflect a view that banks put hardworking people on the streets. Our industry, which should be a key part of helping people achieve their economic and financial goals, has lost consumer trust.
Millions of low-income Americans depend on check cashing institutions, pawn shops, and payday loans to fulfill much of their banking needs. These places are notorious for ripping people off and serves as one of the countless barriers that keep poor people impoverished.
In the United States, one in five households are underbanked, meaning that while they may have a checking account, they also rely on a network of predatory financial service providers (such as check cashers, payday lenders, auto title lenders, etc) to make ends meet.
Fat Cats, Members of the 1 Percent, the Filthy Rich: Just kidding..... I come in peace and I come with a proposal -- an investment proposal and a course correction -- to restore and secure this great country going forward. You, America's wealthy class, are key to the American Renaissance.
We need to make sure those who do the people's work in Washington are actually doing it -- not worrying about former or future bosses at the public's expense.
Reuters' Charles Levinson has written a must-read investigative report on Wall Street's latest scheme to avoid critically important financial reforms: change a few words in their derivatives contracts and pretend that they are not guaranteeing their overseas affiliates.
The EU must and can settle internal deficits and surpluses, as long as these remain within the euro zone. Therefore, a better integration of economic and fiscal policies and a significant increase in economic transfers within the euro zone are needed.
Have you ever wanted to to know what's going on in Wall Street in a 10 minute article? This is my story about how I got introduced to Wall Street and what I think we need to do.
On this fifth anniversary of the Dodd-Frank Act, I wish I was writing a congratulatory letter to all the regulatory agencies in Washington, D.C. for its successful implementation. Instead, I'm expressing the frustration of millions of working families who believe there is a lot of work still to be to done to rein in Wall Street excess.
Clinton didn't show at this year's Netroots. Frankly, her campaign might not have survived the spectacle of her inevitable lukewarm reception. But her decision not to attend speaks volumes about what she knows about how progressives feel about her. She knows, and she is running scared.
Despite the financial crisis in Greece, there are many aspects of Greece that are not in crisis such as the beauty of its environment, food, history, culture and the hospitality of its people.
It's been five years since President Obama signed the Dodd-Frank financial reform act on July 21, 2010, saying the law would "lead all of us to a stronger, more prosperous future." Despite some positive steps, that promise remains largely unfulfilled.
Alexander Hamilton's ethos and approach represent so much of what has gone wrong in a financial industry that has gone "upstream" in its client base and focus. Replacing him would not only make way for a woman, it might just spark a needed wake-up call for Wall Street.
The continuing crisis for many millions of our people gives an important opportunity to reform our monetary system and eliminate the privilege banks have to create what we use for money, when they extend loans; to eliminate their power to cause financial crises and obscenely concentrate wealth into undeserving hands.
By lifting the "small boats" of the poor and middle class, we can build both a fairer society and a stronger economy, IMF Managing Director Christine ...