iOS app Android app


Zach Carter

Jeff Merkley Wants You To Know He Stood Up To Wall Street | Zach Carter | Posted 01.25.2014 | Politics

WASHINGTON -- Sen. Jeff Merkley (D-Ore.) told HuffPost that he sees the finalization of regulation that banned Wall Street speculation with taxpayer m...

Report: Goldman Is Trying To Get Around A Controversial New Rule

Reuters | Posted 03.04.2013 | Business

(Reuters) - Goldman Sachs Group Inc is trying to work around a financial reform regulation to keep investing in the profitable, albeit risky, business...

Ex-Wall Street Banker: Volcker Rule Will Correct A Dangerous Mistake

The Huffington Post | Alexander Eichler | Posted 04.18.2012 | Business

Apparently not every banker hates the Volcker rule. Roger Vasey, who used to be in charge of global debt markets at Merrill Lynch, penned a pro-Vol...

Volcker Rule Deadline Likely Blown

The Huffington Post | Alexander Eichler | Posted 03.01.2012 | Business

Here's news that will surprise no one who's been watching the tortured fights over the Volcker Rule: The controversial financial regulation is not lik...

Simplify Banks and Bank Regulation

Robert Kuttner | Posted 12.16.2011 | Business
Robert Kuttner

Let's face it: There will never be enough regulations and regulators to police all of the gray areas in a system this complicated. The best remedy is drastic simplification.

Zach Carter

Former Lawmaker Decries Corporate Control Of Government | Zach Carter | Posted 10.24.2011 | Politics

WASHINGTON -- Lawmakers rarely speak candidly about the relationship between large corporations and government, avoiding the ugly realities surroundin...

Sam Stein

Immelt Appointment Has Labor Worried, But Mostly Quiet | Sam Stein | Posted 05.25.2011 | Politics

WASHINGTON -- Friday's announcement that General Electric Chairman and CEO Jeffrey Immelt will serve as chair of the President's Council on Jobs and C...

GE CEO To Replace Volcker On Obama's Economic Team

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

Early Friday morning, Obama announced a significant shift for the White House economic team: the war against Wall Street greed has lost a major player...

Obama Losing Key Economic Adviser

Reuters | Caren Bohan | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - President Barack Obama announced on Thursday that former Federal Reserve Chairman Paul Volcker was stepping down from his role ...

Volcker Says U.S. Economic and Political Influence Globally Is Waning

Robert Lenzner | Posted 05.25.2011 | Business
Robert Lenzner

Last night at a Common Cause dinner in New York, Paul Volcker singled out the danger facing the U.S. if the dollar no longer retains its role as a global benchmark.

Robert Reich Predicts A 'Revolt Against Wealthy'

Bloomberg | James Pressley | Posted 05.25.2011 | Books

The bargain broke down when middle-class America buckled under global competition and labor-replacing technology. Reich blames what happened next on t...

Paul Volcker Said To Be Disappointed With The Final Version Of His Rule | Yalman Onaran | Posted 05.25.2011 | Business

June 30 (Bloomberg) -- Paul Volcker is disappointed with the final version of the rule that bears his name. As first envisioned, the Volcker rule w...

Weak Financial Regulation Is Further Defanged

Jeff Madrick | Posted 05.25.2011 | Politics
Jeff Madrick

A significant story on the front page of today's New York Times explains just how easy it will probably be for the financial community to flaunt new regulation. High risk on Wall Street will go on.

Make Congress Live Up To Obama's Reforms

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

President Barack Obama identified five major problems on Wall Street in his speech at Cooper Union today. Unfortunately, the solutions he has proposed...

Financial Debate Renews Scrutiny On Size Of Banks

New York Times | Posted 05.25.2011 | Business

As the debate over the regulatory overhaul heated up this week, a populist minority in both Congress and the Fed requested a revisit to the size issue...

A Big VAT Lie

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

I speak of the "value-added tax," or "VAT." Republicans are horrified that President Obama has a secret plan to pass this tax, and are shouting from the rooftops (of the nearest Fox News building).

Volcker: Consider Higher Taxes To Tame Deficit

Reuters | Posted 05.25.2011 | Business

The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White ...

Chris Dodd, Phil Gramm, and the Legacy of a Statesman

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

In the past 24 hours, Dodd appears to have been going to bat for Wall Street, not out of concern for any greater political good, but exclusively for the purpose of padding the profits of big banks.

Could A Solution for Healthcare Reform Be This Simple? Makes Sense Without Costing Too Many

Jill Brooke | Posted 05.25.2011 | Politics
Jill Brooke

To solve the healthcare crisis, use the same logic that created seatbelt legislation. The government made a law that automakers must have seatbelts but never said it was going to start running the car companies.

Volcker Rules Opposed by Wall Street and Republicans

The Baseline Scenario | Posted 05.25.2011 | Business

I testified yesterday to the Senate Banking Committee hearing on the "Volcker Rules" (full pdf version; summary). My view is that while the principle...

Obama Poll Watch -- January, 2010

Chris Weigant | Posted 02.03.2010 | Politics
Chris Weigant

After taking a look at Obama's numbers for the month, we continue our march backwards through history, this month serving up a comparison between Obama and Richard Nixon's term-and-a-half.

Obama's Bank Reforms Must Move Beyond Populism: Arthur Levitt | Arthur Levitt | Posted 05.25.2011 | Business

So while the most recent ideas coming from the White House are controversial, they provide an opportunity to begin a meaningful discussion on how to a...

Friday Talking Points [108] -- Obama's Pivotal Week

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Since Democrats are taking some time to figure out what to do next, we shall do the same here, and skip over the entire health care reform subject, after highlighting two hilarious commentaries on the situation.

Shinseki and Volcker: Military Contracts and Banking

Jayne Lyn Stahl | Posted 05.25.2011 | Politics
Jayne Lyn Stahl

Make no mistake, this is not about questioning the integrity, judgment, or credentials of retired Army General Eric Shinseki. After all, it was Shinse...