This week marks the 7th anniversary of the collapse of Lehman Brothers. The anniversary of this collapse, September 15th, is the day set aside to ridicule the people who warned of a second Great Depression if the Treasury Department didn't rescue the Wall Street banks.
In interviews with whistleblowers, many say that they didn't talk sooner because of their loyalty to the institutions they were a part of. Perhaps women, never being fully embraced by the institution, don't develop a deep loyalty, or perhaps only sip the Kool-Aid.
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At the conference Lew cast some bread upon the water -- announcing an extension of HAMP and related programs through 2016 -- and these crumbs were eagerly consumed by so-called housing advocates
Since the financial meltdown, the people who created the crisis have taken advantage of it and achieved "big things" -- especially big profits and bonuses.
Even if a bank had never officially employed Geithner, his attitudes and concerns clearly reflect those of the financial industry. This comes through in matters big and small.
The temptation to do nothing about climate change is strong because it is not sufficient to do something. Instead, we must do everything, meaning we need a holistic approach to addressing the problems and challenges associated with climate change.
The public's mood, despite years of attempts by most Republicans and many Democrats to placate them, is distinctly populist. And much of that populist sentiment is directed toward the financial institutions which have so badly damaged our economy.
We were all victims of the financial crisis that began in 2007 (not 2008), but some of us suffered more than others. And, hundreds of millions of us are still living with the painful aftermath as its consequences began to be felt worldwide.
Now, we get Hank: Five Years from the Brink, in which former U.S. Treasury Secretary Henry "Hank" Paulson gives us a play-by-play of how he, Fed Chairman Ben Bernanke and Federal Reserve chairman Timothy Geithner, kept everything from collapsing while alternately massaging and challenging the various egos that ran the nation's largest banks.
If this government finally wants to send a signal to Main Street that it is no longer in the embrace in the tentacles of Wall Street, there is one person who won her spurs in spirited confrontation with Wall Street's power brokers and can wear their enmity as a badge of honor.
For journalists who are being told what a brilliant man and insightful regulator Larry Summers was behind the scenes, here are a few items from his public record you might want to review.
Many people make the error of believing that the banksters are dull, humorless stiffs in gray suits. Many banksters have a finely developed sense of irony and utter contempt for financial reporters' intelligence and independence.
When the great actor Matt Damon recently said that President Obama "broke up with me," he hit the jackpot of telling political truth in the eyes of many progressive Democrats and independents.
"You know you cannot trust them They know they can't trust you." -Steve Goodman (Jimmy Buffett) "Now Watergate does not bother me Does your conscien...