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Glass Steagall

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...

We Might Have Avoided The Financial Crisis If We'd Listened To John Dingell

The Huffington Post | Shadee Ashtari | Posted 02.25.2014 | Politics

In 1999, then-Sen. Phil Gramm (R-Texas) spearheaded the effort to repeal the 1933 Glass-Steagall Act, greatly contributing to the events that led to t...

From West Virginia to Wall Street, Greed Shows the Need for Tough, Smart Regulation

Ian Reifowitz | Posted 04.01.2014 | Business
Ian Reifowitz

For Freedom Industries, all that matters is the bottom line. Their goal, like that of too many other corporations, is to have as little interference from government as possible so that they can go about their, ahem, business, as they see fit. But it's not just West Virginia where this happens.

Shahien Nasiripour

Wall Street May Win As Federal Reserve Prepares To Punt On Physical Commodities | Shahien Nasiripour | Posted 01.25.2014 | Politics

Big banks are poised to reap a significant victory in their fight to maintain lucrative businesses hoarding, selling and trading physical commodities ...

We Need Warren, not 'Billary' in 2016

Jane White | Posted 01.23.2014 | Politics
Jane White

When it comes to the presidency we need someone who works for her constituents. Someone like Sen. Elizabeth Warren, who is not only uncorrupt but the brains behind the Consumer Financial Protection Bureau.

GOP Shakedown

Leo W. Gerard | Posted 01.23.2014 | Politics
Leo W. Gerard

The threat made by the Grumpy Obstructionist Party (GOP) is simple: "Gimme what I want or I'll kill the government." Democrats refused to pay the ransom by defunding the Affordable Care Act, so the GOP defunded the federal government.

Zach Carter

Janet Yellen's Not So Progressive Past | Zach Carter | Posted 09.17.2013 | Politics

WASHINGTON -- Following President Barack Obama's failed effort to install his former economic adviser Larry Summers as Federal Reserve chairman, Janet...

Warren: 'I Don't Understand The Logic' Of Congress Not Taking Action

The Huffington Post | Paige Lavender | Posted 09.12.2013 | Politics

Sen. Elizabeth Warren (D-Mass.) spoke on the five-year anniversary of the financial crisis, saying Congress should act to end "too big to fail" financ...

Ex-Wall Street Titan: Break Up The Banks

The Huffington Post | Posted 09.09.2013 | Business

Sen. Elizabeth Warren (D-Mass.) has a friend in former Wall Street CEO John Reed. The former CEO of Citicorp, which merged with Travelers Insuranc...