Four-Step Bank Fix
These solutions come from people who seek to change the mega-casino our government has built back to one built on investors, innovators and workers creating things that benefit society.
These solutions come from people who seek to change the mega-casino our government has built back to one built on investors, innovators and workers creating things that benefit society.
Two weeks after President Barack Obama announced a special conference to discuss increasing the flow of credit to small businesses, no information abo...
Why else would Obama be thinking of sending thousands of troops to Afghanistan? Why would he have nearly abandoned a health care public option? What happened to getting rid of lobbyists?
With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.
The current custodian of America's wealth, Treasury Secretary Tim Geithner, is not doing a good job. The time for corrective action is now.
One year since an historic election, where the Obama administration has fallen short in our hopes for a truly new direction, one finds the central conflict to be between public good and private gain.
The Obama administration, far from backing off or restricting TARP, is quietly moving forward a plan to create an even bigger, more permanent TARP.
One of AIG's goals last fall was to persuade the counterparties to the credit default swaps it had written to accept buyouts as low as 40 cents on the dollar. Then Tim Geithner, head of the New York Fed, stepped in.
If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.
Two ideas are floating around Washington regarding how to handle 'too big to fail' banks, but only one is supported by the Treasury and the White House. Unfortunately, it's the wrong one.
Small business groups are concerned the real agenda of the upcoming Obama administration small business conference will be to adopt legislation and policy that will change the definition of a small business.
With China now accounting for nearly $1 trillion of American debt, the U.S. can't simply insist that it do something about its currency and expect action. Geithner has been right in not publicly calling out China.
It is mind-boggling to believe that with such a vast operation, banking giants like JP Morgan Chase were not the least bit aware of the wrongful subprime lending practices being undertaken.
Whatever one thinks of Paul Volcker, any amateur historian can see that he's right to want to keep investment banking separate from commercial banking.
If only we could get one of the banking lobbyists or a Goldman Sachs executive to float away in a duct-taped flying saucer balloon, Wolf Blitzer and the rest of cable news might cover the real hoax.
Whatever Obama decides to do in Afghanistan is of little consequence compared to Wall Street's ongoing "plutonomy."
With efforts to rebrand America's national identity in the electronic media falling flat like a bad online date, taking away the dollar's too big to fail status might be the better wake up call.
With all the interest in the damage Wall Street has done, activity that's the opposite should draw some attention. But coverage of the corporate social responsibility movement is not yet an idea whose time has come.
I just got back from The Economist's "Buttonwood Gathering" and thought I'd share a few of the more interesting quotes from the movers-and-shakers at the conference.
Nothing will shape domestic life and prosperity in the United States more than the emergence of China as a global economic superpower.
American-style capitalism is the system that gives you pilots buying groceries with food stamps and sheriffs throwing families out of their homes. President Obama, it's time for a "new" New Deal.