Starting the process of reining in the banks is the antidote to the bailout and to future bailouts -- both politically and in terms of better policy. And it's Republicans and Wall Streeters who are trying to kill it.
The economic history of the twentieth century is crystal clear. When unions were strong, working people had the lion's share of income and the economy worked well.
ShoreBank, a staple of the Chicago community, may be in jeopardy of seizure if it does not receive TARP funds from the Federal Reserve Bank.
Phil began grilling me, "the US economy should rely on pure free market capitalism for everything. Anything involving the government is wasteful and ...
Now that crude has begun to wash upon the shores and wetlands of Republican red states, any superficial bumper sticker griping about socialism has been temporarily forgotten.
Thursday night's passage of Wall Street reform is an event to be celebrated, but several key issues remain in play as the House and Senate iron out differences between their respective versions of the legislation.
Millions of Americans are living in fear--for their jobs. When a job disappears, working people are gripped with a fear that high-flying hedge fund ma...
As a professional who spent nearly a decade in the fixed income division at Goldman Sachs in both New York and London, it pains me to watch the firm get dragged through the mud.
by Zach Carter, Media Consortium blogger Last week, the U.S. Senate rejected a plan that would have broken up the nation's six largest banks firms in...
The most important fight from here on out is protecting the surviving elements of the derivatives bill crafted by Sen. Blanche Lincoln. Lincoln's bill would force big banks who deal derivatives to spin off those operations into separate companies.
No matter what else is ultimately enacted in the name of Wall Street reform, Congress decided last night that it will not confront the single greatest problem in the U.S. economy: Too Big To Fail.
J.P. Morgan's Chief Economist James Glassman recently indulged in a vaguely worded assault on financial reform, arguing that Congress is about to ruin the economy by cracking down on Wall Street. Don't believe a word of it.
An 81-year-old widow from Des Moines, Iowa, Ferol Wegner wasn't the type of person who would normally go to a protest against the banking industry. B...
With two-thirds of the nation supporting reform, any political party that throws in its lot with Wall Street will pay a major price come November. No amount of Wall Street campaign cash can counter voter outrage.
It's time to bring back William K. Black and resolute regulators like him. Our proposed "financial reform" bill is a sham, and the health of our society and our economy is at stake.