If you're mad about Wall Street pay, take heart: At least one guy on Wall Street seems to get it. He's not going to give back any of his own pay or anything like that! That would be crazy. But at least somebody out there feels your pain.
We don't need ads from candidates. We need commitments from them -- to rein in our economic casino.
Unfortunately, the Republican ticket continued its incoherence on financial reform with Romney's comments last night.
Jeez, Wall Street and Dodd-Frank, get a room already! It turns out that all of the Dodd-Frank bashing that Jamie Dimon and the other heads of big New York banks constantly do is just their version of how married couples might use a little light S&M to keep things spicy in the bedroom.
Despite a host of reforms in the right direction, the financial structures that were in place before the global crisis have not actually changed that much, and they need to if the global financial system is to become a safer place.
Wall Street is no longer serving the purpose that it was designed to. Over just the past five years, the market has changed, with individual stocks becoming pawns in a much bigger game that I feel increasingly less comfortable playing.
While the occupations have ended -- thanks in no small part to a harsh police crackdown -- it would be a mistake to assume the Occupy movement is over. Social movements have a way of metamorphosing and resurging in unpredictable ways.
The 2008 financial crisis cost the U.S. economy at least $12.8 trillion, a new study found -- and that's a "very conservative number," according to th...
Imagine a world where banks can appeal to the highest office in the land for help if some pesky financial regulator tries to tell them what to do. It's easy if you try: There is in fact a bill slouching its way through the Senate right now that would give the president of the United States the power to slam the brakes on new regulations that banks find insufficiently lenient, the New York Times writes.
Four years ago was September 2008. George W. Bush was president and Wall Street giant Lehman Brothers was collapsing. It was a time of fear. It was a time of panic about the future. Recalling that anxiety is unsettling. But it's important for comparison sake.
Sometimes the sound of money in politics is the sound of silence. It's the sound of crooked bankers being let off the hook, of economies left at risk, of Social Security and Medicare being weakened, of growing inequity being ignored.
Ever wonder what happens to the friends, fortune and family of a whistleblower? Taking it all in stride and landing a better-paying job? Vacationi...
Why is it that Occupy Wall Street is such a sad caricature of itself these days if the need is just as pressing? It's not for a lack of material. And it certainly shouldn't be for a lack of motivation. That's why it's so disappointing.
The rhetoric of the Obama and Romney presidential campaigns has recently become harsher. The media have devoted significant attention to these controversies while sometimes failing to address underlying policy differences.
It's not a fun time to be an American taxpayer. There's nothing quite like learning that CEOs from some of the biggest banks your hard-earned money helped bail out made more last year than their firms paid back to Uncle Sam.
A short new book by Robert Pollin, Back to Full Employment, offers some much-needed clarity as we head into the election season with unemployment still hovering unacceptably at over 8 percent.