Wall Street Is More of a Threat to Obama's Domestic Agenda than Afghanistan
Whatever Obama decides to do in Afghanistan is of little consequence compared to Wall Street's ongoing "plutonomy."
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Restoring Trust in Our Economic System and the Institutions of Our Democracy
America is becoming an angry nation, with diminished faith in its institutions. There is a growing sense among all but the wealthiest Americans that "the game is rigged" against them.
To Effect Change Demand Answers - - Bring Back "The Pecora Commission"
In the 1930s, people wanted to know why Wall Street crashed; what brought on the Depression; why the banks collapsed; and why they were out of a job. So Congress launched a formal inquiry.
Why Visiting Pompeii Has Me Thinking About the Smoke Billowing Out of Our Economic Mt. Vesuvius
Before Pompeii was wiped out by a volcanic eruption in 79 A.D., there were warning signs galore. But they were ignored. There is currently plenty of alarming smoke pouring out of our economic Vesuvius. It too is being ignored. READ MORE States Forced to Cut Services to the Bone: The Opportunity Cost of the Bank Bailout Reading about the huge budget cuts almost every state in the country is being forced to make leaves us pondering the opportunity cost of the bank bailout -- what else we could have done with the trillions we spent. The devastation is in the details... READ MORE TiVo Alert: I will be part of Sunday's roundtable panel on This Week with George Stephanopoulos, along with Paul Krugman, George Will, Donna Brazile, and David Brooks. The show airs at different times around the country, so check your local listings.
Financial Crisis Inquiry Commission: Summoning the Ghost of Ferdinand Pecora
The ghost of Pecora -- and indeed, of FDR himself -- can be sensed in D.C. this week as Congress announces a new, modern-day version of what came to be known as the "Pecora Commission."
Pelosi's Toothless Watchdogs
Congressional leaders are expected to announce the creation of a new commission to investigate the real causes of America's crippling financial disaster.
'Terra Moralis': Why Truth, Accountability, and Justice Must Guide the FCIC
Reverend Marcia Dyson, a Roosevelt Institute Braintruster, outlines the principles that must guide the inquiry into the financial collapse. "There i...
The New Populism and the New Pecora-Style Commission
Back in the 1930s, the Great Depression that followed the 1929 market crash had direct political repercussions. In the 1930 mid-term elections, the De...
Flaws Inherent in the Current Commission, and How to Minimize Them
A commission like the new Financial Crisis Inquiry Commission can be unwieldy and political. It cannot be non-partisan, it cannot be unified, and it is extremely difficult to make it effective.
California Currency? A Taste of Things to Come Unless Percora II Helps Us Leave Discredited Economic Dogma Behind
As California's IOUs signal desperation, Roosevelt Braintruster Marshall Auerback suggests that a Pecora-style Commission could help the public recognize the folly of past economic dogmas.
New Pecora Commission Will Give Rise to Public Anger...Which Is Why Elites Fear It
Are suppositions about the complexity of the financial crisis just another way of keeping the real story from public scrutiny? If there's one thing t...
Full Investigation of Crisis is Vital to Democracy
The only way to to rigorously address the issues in the broken finance system is through a Congressional investigation, since the Obama administration has called for no public accounting.
Failure To Assess Responsibility For Crisis Means Bad History, Bad Policy And Bad Politics
The time has come to investigate the nature, origins, propagation and effects of the financial crisis.
How to Create a Successful Pecora Investigation
The Pecora investigations provided the factual basis that the financial system and political allies were corrupt. They did not divide the nation or divert its response to the economic crisis.
The Fight Over the New Pecora Commission
A strong commission with subpoena powers and a serious mandate from Congress could really dig into the dirty deeds that Wall St. traders purposed that caused this crash.
Pecora Whirling
For the new Pecora Commission, Pelosi and Reid need to do better than finding a predictable list of retired and safe Democratic politicians. This is a rare chance to light a real fire on behalf of deep reform.
Gut Check Time on Shackling Wall Street
Reid and Pelosi have a significant stake in creating a hard-hitting Financial Crisis commission. Politically, Democrats need to hold the Wall Street barons accountable, not just bail them out.
A Real Pecora Commission
In 1932 through 1934 the Senate Banking Committee, led by its Chief Counsel Ferdinand Pecora, ferreted out the deeper fraud and corruption that led to the Crash of 1929 and the Great Depression. The Pecora Committee's findings helped change the political mood, and laid the groundwork for the sweeping financial reforms of Roosevelt's New Deal. President Obama has now signed legislation which, among other things, creates an investigative commission inspired by Pecora. The new Financial Markets Commission has a sweeping mandate, including subpoena powers, to investigate all the causes of the collapse. But whether the commission carries out this mandate will depend entirely on who its chair and members are, and whether they hire a tough staff.
Will Financial Crisis Lead To Real Changes?
Are any of these reforms really about change, or are they just restoring a flawed and failed system?
Reviving Pecora's Ghost
With Summers, Geithner, and Bernanke working closely with major investment bankers to restart the system of securitization, there will be a titanic struggle over what kind of regulatory system to have going forward.
Arm the COP on the Bank Beat
We want to know what happened. We want those responsible to be held accountable and we want to make certain it can't happen again. Will Congress step up?
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- A New Pecora Commission? « The Realignment Project
- Will the New Pecora Financial Crisis Commission Have Teeth? | Wall ...
- New Pecora Commission Looks Unlikely To Aggressively Probe ...
- New 'Pecora Commission' being formed: Help Democratic Leaders ...
- New Pecora Commission Members To Be Named Shortly | TPMDC
- New Pecora Commission will give rise to public anger…which is why ...
- STPNS - Chicanery, Darkness Were Their Stoutest Allies, Socorro ...
- RagingDebate.com » Economy » The Pecora Commission(1932)
- Can the New Pecora Commission Get Its Job Done?
- A New Pecora Commission - Swampland - TIME.com
- The Fight for Financial Reform
- Hullabaloo
- the new pecora commission gets off the ground.
- Pecora Commission 2.0? Calling Patrick Fitzgerald… » New Deal 2.0
- the new populism and the new pecora-style commission
- Pelosi's Toothless Watchdogs | The New York Observer
- OPINION: Chicanery, Darkness Were Their Stoutest Allies
- Here comes a new Pecora Commission! | Crooks and Liars
- the new pecora commission gets off the ground. - tapped
- mike lux: the fight over the new pecora commission