The long-term deterioration of the middle class, accelerated by the Wall Street crash of 2008, has not been pretty. Today, we have more wealth and income inequality than any major country on earth.
No one should be surprised that the American people are economically insecure and anxious. Seven in 10 voters said the nation's economy is in bad shape. Voters who said the economy was important to them voted 2 to 1 for Republicans.
Mortgage subsidies through federal agencies are the modern-day version of the Homestead Act. But unlike the land grants of the 19th century, government loan subsidies have proven to be a rather bad idea.
The word "speculator" has often been conflated with "entrepreneur," and both of them tarred with the brush of "con men."
There are 10.6 million poor people who have a job, and often head households with children. Modest policy efforts can help change the negative dynamics that poverty creates. Luckily, there are tools that can help and which have a proven track record.
This settlement sends a strong message that banks that prey on customers and investors will be held accountable. I will continue to investigate financial institutions that bend the rules for their own benefit, and pursue equal justice for all New York families.
There needs to be simple way to "turn-off" auto-pay to a company the same way you turned it on, without having to feel like you're playing Whack-A-Mole.
Achieving financial stability will continue to require risk management skills, good governance, personal ethics, and, above all, courage to act to prevent further deterioration of finance.
"Financial Justice" is the untold story of how a diverse group of progressive organizations took on the powerful financial lobby, pushed Congress to create a strong new consumer protection agency, and against the odds, and won.
Here's a story that resonates with so many layers of bitter irony that it's hard to know where to begin. So we'll start with the headline: "Citi Foundation to Help Teens Find 'Pathways to Progress.'"
Is the stock market rigged? This is the hot-button question of the day. With all due respect, it's a stupid question. It's a stupid question for which the answer doesn't even matter.
None of this will come easy. But this report lights the way. It should be repeated in city after city, in state after state, so that everyone can see just how Wall Street is impoverishing the richest country on Earth.
A new progressive populist movement is rising up in the United States. Inspired by an expansive vision of greater economic opportunity for all Americans, this new movement is also fueled by anger over politicians' broken promises.
When banking is so powerful that the very business the banks are chartered to serve cannot discipline its business unfriendly behavior through market pressure, we are in a serious state of affairs. What to do?
Bill de Blasio has lifted the left and is a man to watch in 2014. I have a hunch that the next Democratic nominee for president will be watching him closely, too.
Thirty years ago, what Apple announced it was going to do was democratize computing. Back then, the idea of a computer that was personalized to people -- with a mouse and graphics and a warm experience for the user -- was revolutionary.