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 ...
Selgin also thinks deposit insurance should be eliminated, forcing consumers to thoroughly research bank balance sheets -- regardless of the financial savvy it would require for the average American to do so.
Branding has become a "must do" for both large corporations and small businesses in order to exist in the economic world. While most businesses fully accept that they need to brand, they may not understand how to keep their brand flourishing.
When five of the world's biggest banks were busted this week for manipulating the cost of dollars and euros, they did more than violate antitrust laws. They violated the public trust.
The public demurs from facing reality and accepting measures that might fix the problems, based on a misplaced--and manipulated--appreciation of self-reliance and freedom, O'Kane explains and illustrates.
Doug Hughes, a mailman from Florida who recently made headline news for flying his gyrocopter onto the West Lawn at the U.S. Capitol Building has been charged with operating an unregistered aircraft and violating national airspace, which can potentially land him up to four years in prison, plus fines. I had the chance to interview him about his cause of getting money out of politics.
Payday loans and other abusive high-interest loans targeting the working poor are one of the scourges of our financial system. And the technology of big data made it easy to both find new victims and largely hide the identities of the payday lenders.
The effort to repeal Orderly Liquidation Authority would be such a gift to the biggest Wall Street banks. Without that authority, Wall Street would be assured that no matter how big the risks they take, the American taxpayer could be forced to bail them out.
Wall Street and its allies are once again pretending to care about community banks while trying to roll back financial reform to help, you guessed it, Wall Street. But, don't be fooled by industry's spin on this so-called "study."
The economic recovery has not benefited Americans equally. We all know that. But few facts underscore that point more clearly than the startling number of consumers whose financial futures have been put on hold by subprime credit scores.