iOS app Android app

Finanical Crisis

Chicago to Wall Street: Pay Us Back!

Mary Bottari | Posted 12.12.2011 | Business
Mary Bottari

Chicagoans took to the streets this week to hold the big banks accountable for crashing the economy and to demand city, state and federal policies that work for working families.

From "Too Big to Fail" Banks to "Too Big to Default" Nations to What's Next?

Lydia Fisher | Posted 10.19.2011 | Business
Lydia Fisher

We've had financial bubbles before. This one's got a twist though. It's fraught with complexity, scope, depth, widespread fraud and bad underwriting practices making coming out of it, all the more difficult.

Wisconsin Governor Defies Court, Prepares for Coronation

Mary Bottari | Posted 05.31.2011 | Politics
Mary Bottari

Wisconsin continues to spin out of control and a constitutional crisis looms as a judge this week again ordered Walker's administration to halt implementation of his bill stripping Wisconsin public workers of collective bargaining rights.

WI Firefighters Spark "Move Your Money" Moment

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

As word spreads that M&I bank is one of Walker's biggest backers, hundreds of firefighters closed their accounts and withdrew their life savings.

Republican Amnesia on the Financial Crisis

Brad Miller | Posted 05.25.2011 | Business
Brad Miller

The financial crisis occurred under a Republican administration that let the financial industry write its own rules. A narrative of the financial crisis that absolves Republicans and the financial industry requires an acrobatic and brazen imagination.

Full Catastrophe Banking in 2011

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Here are eight things to watch out for in 2011 that threaten to rock the financial system and undermine any recovery.

Trustworthy Financial Crisis Reporting From ProPublica

Craig Newmark | Posted 05.25.2011 | Media
Craig Newmark

ProPublica does true public service media, funded philanthropically and according to a strict code of ethics. The code is a really big deal; to me, it's a commitment to traditional journalism values.

Wall St. Reform Bill Yields Big Win for Little Countries

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

You know that Wall Street reform bill pending in the Senate? Some last minute insertions add up to a surprisingly big win for the developing world. ...

How Big Is Too Big? Two New Bills Try To Answer That Question | PETER BOONE and SIMON JOHNSON | Posted 05.25.2011 | Business

As legislation on restructuring the banking industry moves forward, attention on Capitol Hill is increasingly drawn to the issue of bank size. Should ...

Time for Economic Polluters to Pay Up? Tobin or not Tobin...

Sony Kapoor | Posted 05.25.2011 | Business
Sony Kapoor

The financial crisis, the biggest in living memory, has tilted the political and financial landscape in a direction that makes Tobin Taxes not just more desirable but also much easier to implement.

Bill Gross: Green To Make A Quick Comeback

Reuters | Jennifer Ablan | Posted 05.25.2011 | Business

NEW YORK (Reuters) - Bill Gross, the influential investor who runs top bond fund Pimco, said on Wednesday that greed will eventually become the norm a...

Why Does UBS Still Employ Phil Gramm?

The Big Picture | Barry Rithholtz | Posted 05.25.2011 | Business

Last week, UBS announced a 2nd Quarter loss "due to restructuring charges." The banking giant is raising $3.45 billion in a stock sale. Partly owned ...