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Glass Steagall

5 Reasons Why Glass-Steagall Matters

Richard (RJ) Eskow | Posted 11.17.2015 | Politics
Richard (RJ) Eskow

The traditional practice of opening savings accounts, reviewing loans, and providing other customer services has largely been supplanted by high-risk gambling and the aggressive hustling of dubious investments to unwary clients.

The Lessons of Repealing Glass Steagall

Dennis M. Kelleher | Posted 11.11.2015 | Business
Dennis M. Kelleher

Protecting the American people from another devastating financial crash and the economic wreckage it causes begins with reflecting honestly about the past and trying to learn the right lessons.

Glass-Steagall's Political Firewall

Adam Levitin | Posted 10.27.2015 | Politics
Adam Levitin

Until the political importance of Glass-Steagall is recognized, financial reform is doomed. Captured regulators will implement milquetoast versions of reform laws, and Congress will entertain amendments to slowly repeal the reforms.

Friday Talking Points -- Debate Talking Point Rundown

Chris Weigant | Posted 10.16.2015 | Politics
Chris Weigant

Because of the importance of the first debate of the season for Democrats, we're devoting the entire column today to scrutinizing the various talking points (good and bad) delivered by the candidates.

Elizabeth Warren Won The First Democratic Debate

The Huffington Post | Zach Carter | Posted 10.16.2015 | Politics

So, that happened. Pundits say Hillary Clinton won the first Democratic presidential debate. Online polls and focus groups say Bernie S...

Snooze Alert

Tamara Jacobs | Posted 10.14.2015 | Politics
Tamara Jacobs

The Democratic National "Debate" -- I just finished watching it or should I say enduring. It wasn't educating. It wasn't elevating and it wasn't, dare I say, entertaining.

Go Ahead, Back Hillary Clinton and Forget All About Her Record

Robert Scheer | Posted 10.10.2015 | Politics
Robert Scheer

Go ahead and support Hillary Clinton, those of you for whom having the first female president is the top priority. Just admit that you will be voting for someone who has not only been profoundly wrong on the two most pressing issues of our time--economic injustice and the ravages of unbridled militarism--but seems hopelessly incapable of learning from her dangerous errors in judgment.

Bernie Sanders Has One Pro-Wall Street Vote

The Huffington Post | Zach Carter | Posted 10.09.2015 | Politics

Bernie Sanders' campaign message is built around a central theme -- wresting economic power away from Wall Street and returning it to working people....

The Case for Bernie Sanders

Walker Bragman | Posted 08.06.2015 | Politics
Walker Bragman

Bernie Sanders can win--not just the primary, but the general. Democrats should back him, and ignore the arguments made by Barney Frank and others, who say giving Hillary the nod early is the only hope for victory in 2016.

The American People Deserve to Know Where Candidates Stand on Glass-Steagall

Dennis M. Kelleher | Posted 07.30.2015 | Politics
Dennis M. Kelleher

As the campaign continues, voters deserve to know whether each candidate supports reinstating a Glass-Steagall-like law or other concrete proposals that will protect America's hardworking families and take them off the hook for future bailouts.

Government That Reacts to the People

Byron Williams | Posted 07.30.2015 | Politics
Byron Williams

Does democracy work best when government reacts to the people or the inverse? Unless one is a despot, I suspect an overwhelming majority, at least in theory, would offer democracy works best when government reacts to the people.

Martin O'Malley Tries To Distinguish Campaign With Financial Reform Proposals

The Huffington Post | Samantha Lachman | Posted 07.24.2015 | Politics

WASHINGTON -- Former Maryland Gov. Martin O'Malley worked to boost his Democratic presidential prospects Thursday with a set of financial reform prop...

Elizabeth Warren Fires Warning Shot Over Clinton's Bow

Liam Miller | Posted 07.20.2015 | Politics
Liam Miller

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.

Hillary Clinton's Glass-Steagall

Robert Reich | Posted 07.14.2015 | Politics
Robert Reich

Hillary Clinton won't propose reinstating a bank break-up law known as the Glass-Steagall Act - at least according to Alan Blinder, an economist who has been advising Clinton's campaign. "You're not going to see Glass-Steagall," Blinder said after her economic speech Monday in which she failed to mention it. Blinder said he had spoken to Clinton directly about Glass-Steagall. This is a big mistake. It's a mistake politically because people who believe Hillary Clinton is still too close to Wall Street will not be reassured by her position on Glass-Steagall. Many will recall that her husband led the way to repealing Glass Steagall in 1999 at the request of the big Wall Street banks. It's a big mistake economically because the repeal of Glass-Steagall led directly to the 2008 Wall Street crash, and without it we're in danger of another one.

Review: Janet Tavakoli's Decisions: Life and Death on Wall Street

Nomi Prins | Posted 06.28.2015 | Business
Nomi Prins

Janet Tavakoli is a born storyteller with an incredible tale to tell. In her captivating memoir, Decisions: Life and Death on Wall Street, she takes us on a brisk journey from the depravity of 1980s Wall Street to the ramifications of the systemic recklessness that crushed the global economy.

Elizabeth Warren's Comprehensive Wall Street Reform Agenda

Mike Lux | Posted 06.17.2015 | Politics
Mike Lux

Warren's series of proposed reforms would be a major and much needed boost to an economy still held down by the Wall Street abuses that brought on the collapse of the massive housing bubble, the 2008 financial collapse, and the hardest hitting economic slowdown since the Great Depression.

A Warning to Hillary Clinton

Brent Budowsky | Posted 06.13.2015 | Politics
Brent Budowsky

I am a strong supporter of Hillary Clinton for president, but here is my warning to her: American voters don't want to be sold a "new Hillary," which is reminiscent of an earlier politician whose handlers invented the term "new Nixon."

Stop Congress From Eliminating Dodd-Frank Provision That Prevents Bail Outs of Too-Big-To-Fail Banks

Robert Creamer | Posted 02.10.2015 | Politics
Robert Creamer

The personal economies of many ordinary Americans still have not recovered from the Great Recession that resulted from Wall Street's speculative frenzy. It cost 8 million Americans their jobs, destroyed the 401K plans of millions of retirees, sunk our home values, and cut our wages.

President Obama, Go Big or Go Home

Robbie Gennet | Posted 10.22.2014 | Politics
Robbie Gennet

There's an old saying in surfing: Go big or go home. Right now, each race around the country is in it's own little bubble, disconnected to the larger narrative. Only true vision and leadership can unite them to raise a populist wave and that is what the Presidential pulpit is for.

Why I Love My Bank Regulator

Keith Mestrich | Posted 09.23.2014 | Impact
Keith Mestrich

Many financial sector executives are not fans of bank regulators -- to put it mildly. But I have a different perspective: I love my bank regulator. Here's why -- and why you should, too.

Time to End the Era of 'Too Big to Fail'

Chris Meyer | Posted 08.25.2014 | Politics
Chris Meyer

Elizabeth Warren and John McCain aren't often on the same side of a debate in Washington. But the freshman Democratic senator and the veteran Republican lawmaker do agree that banking should be simpler and safer.

Clinton-Warren for Change

Brent Budowsky | Posted 08.20.2014 | Politics
Brent Budowsky

If a ticket of two women offers economic revival and transformational change based on financial justice championed by Pope Francis, the most popular figure on the world stage, support from women would be stratospheric and many men would join them.

Kasey Varner

Charlie Rangel Getting Hammered In Dem Primary For Wall Street Support | Kasey Varner | Posted 06.13.2014 | Politics

Something new is happening in a New York Democratic primary contest: An incumbent is getting hit for being too close to Wall Street. The unlucky c...

Jon Ward

A Day With The New Populists | Jon Ward | Posted 05.23.2014 | Politics

WASHINGTON -- Populism is fashionable in Washington these days. That's for good reason. Strong currents of dissatisfaction with the nation's capit...

Morgan Stanley CEO Doesn't Believe More Bankers Should Have Gone To Jail For Financial Crisis

Reuters | Lauren Tara LaCapra | Posted 05.06.2014 | Business

By Lauren Tara LaCapra NEW YORK, May 6 (Reuters) - Morgan Stanley Chief Executive James Gorman said on Tuesday that he does not believe more banker...