I wanted Obama to do more for beleaguered homeowners and less for the Wall Street swindlers who trafficked in toxic mortgages. But the president must have done something right, or the hucksters at Goldman Sachs wouldn't hate him so.
As I watched Governor Romney in the presidential debate Wednesday night I was reminded of a financial tactic the candidate's political supporters and financial backers on Wall Street used during the mortgage boom -- the one that netted them billions of dollars while simultaneously pushing the American economy off a cliff.
Take news about rising bank profits and combine it with reports about land grabs by private equity firms, and you've got a deal made in hell. You can bet working schmucks like you and me won't be invited to the closing party.
For-profit higher education could help our people and our economy -- if the federal financial aid system were structured so that schools earned higher profits by actually helping students, not by ripping them off.
Voters as well as reporters covering the campaign need to challenge the candidate to provide much more information and many more answers than he's given to date. Otherwise we're left to conclude that he's essentially a shill for the very greediest.
The two-year noncommittal model of recruitment is amazing for attracting high-achieving students, but it is not sustainable for jobs that require a long-term commitment. Just like Goldman Sachs, Teach for America should scale down their two-year program.
For the SEC to do its job properly, it needs adequate resources, and for that it needs the support of Congress. To understand why the budgetary issue is so important, and why the SEC deserves more funding, let's look at the trajectory of the Commission since the Madoff scandal.
The issue of insider trading from information emanating from Treasury Secretary Paulson's office was a focus of ruminations from this corner some four years ago. But hard questions, perhaps until now, have been few and far between.
If it is true we are sleepwalking into a depression worse than we have known before, we must wake up quickly.
Our nation's costly prison complex incarcerates more people than any other country in the world. Re-aligning the incentives of our corrections departments is the only way toward achieving a system of justice that is worthy of that name.
Mayors around the nation are working to meet increased demands with fewer and fewer resources, making the need for public-sector innovation more important than ever.
The problems are not Britain's alone. It appears that we may be migrating toward the worst of both worlds.
Dance has had a history of being conjoined with politics. I can envision a group of flamencas at the massive new Goldman Sachs headquarters or at the Capitol rotunda facing down Paul Ryan and his budget.
I don't want to hire as my vice president and federal budget czar somebody who uses Congressional inside information to profit by switching his portfolio back and forth between Citigroup and Goldman five times a year: I want somebody with better ethics.
Yesterday the Justice Department announced that once again it's not going to pursue evidence of Wall Street crimes which has been sent its way.
While the repeal of Glass-Steagall was certainly a part of making our system fragile to the point where it is at today, thinking that a simple solution like breaking up the banks will be the panacea that we seek is incredibly naïve.