A banking stress test based on public relations requirements rather than realistic financial and economic modeling may boost the stock price of major banks, justifying massive bonus payments to banking executives.
Over the last few days, Connecticut Senator Chris Dodd and Treasury Secretary Tim Geithner have made the case that Harvard professor and Congressional...
It's time for President Obama to knock the door off of the boys' club and let the girls into his inner economic circle, especially on economic matters. We can hardly afford to lose another immensely qualified woman.
One of the major impacts of the FinReg bill passed last week by Congress is the accretion of new power to Obama's Treasury Secretary. Geithner stands to inherit vast power to shape bank regulations.
If the Democrats are going to offer choice as a reason to vote for them, they must make a choice in their favor worth our while. This time, a simple "C" word repeated over and over won't be enough.
Elizabeth Warren is a threat to the scheme Tim Geithner has utilized to date to hide bank losses, thus keeping the banks solvent and out of bankruptcy court and their existing management teams employed and well-paid.
In 1970 the top 100 CEOs earned approximately $45 for every dollar earned by the average worker. By last year, it was $1,081 to one. There is no economic theory that can explain this obscene gap.
The decline in the unemployment rate merely reflects a decline in participation rates. It's less a bellwether of economic strength and more a cri de coeur of despair.
What we need is for the president's economic hotshots, Timothy Geithner and Lawrence Summers, to grant damaging interviews to Rolling Stone.
Many American homes are now at risk of some level of foreclosure. Federal government intervention on the behalf of these citizens is falling short of actually addressing their needs.
To the surprise of many, Blanche Lincoln won her Arkansas Senate runoff. She did so as a modern-day William Jennings Bryan, standing up for farmers and pushing a strong Wall Street reform proposal to protect taxpayers.
The Fed projects a GDP barely above that needed to keep pace with the growth in the labor force. But all the boosters keeping the economy barely going now are coming to an end. So what do you do?
We as a nation are tolerating very selfish behaviors that hurt our workers, trade balance and the national security of our country, mostly because leaders in Washington are too deferential to big finance and multinational corporations.
Perhaps operating under the fear of that "if you try to actually fix something, you own it politically," our government continues to abdicate its responsibilities in the ongoing disaster in the Gulf.
By now you have probably realized -- correctly -- that "financial reform" has turned into a victory lap for Wall Street.
Engaging China on issues like Iran's nuclear program and North Korea's sinking of a South Korean navy ship this year ought not come at the expense of long-term bilateral priorities.