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Rep. Maurice Hinchey
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Blog Entries by Rep. Maurice Hinchey

How We Got Into this Mess: The Legacy of George W. Bush's Fuzzy Math

Posted March 19, 2010 | 13:13:46 (EST)

While it has become popular for some to pretend that the current economic crisis and exploding national debt were created by President Obama and the Democratic leadership in Congress, the truth is that a series of reckless economic policies put forth by President George W. Bush are to blame for...

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Bring Back the Glass-Steagall Act to Break Up the MegaBanks that Caused the Crisis

Posted December 16, 2009 | 18:31:06 (EST)

In the midst of the Great Depression, Congress approved the Banking Act of 1933, which among other things, separated investment banking from commercial banking. This measure, more commonly referred to as the Glass-Steagall Act, was adopted after many banks had taken depositors' money, invested it in the stock market, and...

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