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?
Executives show utter contempt for regulators and for telling the truth. How dare those lowly public servants interfere with the banks primary mission, which is making as much money as possible, anyway possible, and damn the law!
The megabanks should welcome the opportunity to explain to their investors why they benefit from their megabank size and structure. And the SEC should permit investors an opportunity to let their voices be heard.
Mary Jo White -- President Obama's nominee to serve as chairman of the Securities and Exchange Commission (SEC) -- said at her confirmation hearing today that the investing public need not worry about her history of defending companies from the government.
The big news yesterday in financial services regulation is Attorney General Eric Holder's stunning statement before the Senate Judiciary Committee that some banks may be too big to prosecute.
The Justice Department's budget documents prominently quote Thomas Jefferson: "The most sacred of the duties of government [is] to do equal and impartial justice to all its citizens." The attorney general just told Congress and the country that this principle no longer applies to very large financial institution.
The Businessweek cover plays into a long-standing trope that portrays borrowers of color as having caused the crisis because they supposedly took out loans they knew they could never repay. The only thing wrong with it is that it has no basis in fact.
John Adams famously sought to create "a government of laws and not of men." Sadly, I suspect John Adams would be disappointed in the nation today.
Normally we're not about giving away our lifting secrets, but with a looming sequestration deadline of March 1, it's time for everyone to get swoll and responsible with deficit reduction. Here's our 3 step workout plan.
As our economy recovers ever so slowly, only the wealthy have recovered at all. Why are the rest of us left behind?
A FTT is a small tax levied against the purchase/sale or transfer of the four main classes of financial assets: bonds, equities, foreign exchange and their derivatives.
No, the financial crisis is not behind us. The underlying causes are still with us, and lie in wait to exact even more pain and misery upon us in the next "crisis."
Davos helps create, and then capture, the zeitgeist. It's where people come to listen to those who might just know more than they do -- and see what they find interesting and important. It's about making sense of what others make sense of. And this is no small matter.
Steering the Republican Party away from its accustomed negativism is an ancient endeavor. Henry Simons, a founder of the ardently free enterprise Chicago School, tried unsuccessfully to do so in the 1930s.
That regulators condone the continued use of VAR models and get pushed around on tougher capital and liquidity limits can only mean one thing: they have concluded that it's simply too dangerous to the system to reveal that the emperor has no clothes.
Is it any wonder that we are bombarded on a daily basis about the new lows to which public confidence in government agencies, elected officials and corporations has sunk?