WASHINGTON -- Sen. Sherrod Brown (D-Ohio) said Thursday that President Barack Obama and the U.S. Treasury Department were "wrong" to claim that the 20...
WASHINGTON -- A House Committee approved six new bills to deregulate Wall Street derivatives on Wednesday, advancing legislation that would expand tax...
Read through the stories appearing everyday in the Greek press (which you might only find buried on the back pages of American newspapers) and you will undoubtedly ask yourself: "How long will these proud people put up with such degradation?"
To persuade us today that a future Treasury Secretary really will pull the plug on an insolvent US G-SIFI, the resolution scheme will have to be widely viewed as nearly foolproof -- that is, virtually free of "Lehman risk."
Capitalists don't make society poorer when they have to win your voluntary purchase of their products. These wealthy people are only a problem when they get government to act on their behalf.
Presuming a uniformity of social circumstances and economic opportunity when they do not exist, and cannot be enforced, inevitably leads to peonage for some and riches for others.
By acknowledging that he screwed up, Dimon showed the kind of forthright accountability we should expect in all types of leaders. It may even make him a better CEO.
Arguably the biggest lie coming from the Republicans and the Romney campaign is that President Obama is a tax and spend liberal who's directly and personally responsible for record deficits and a crushing national debt.
Political uncertainty in debt-hobbled Europe spread to financial markets Tuesday and pushed stocks lower in Europe and the United States.
The Dow Jon...
Europe's election results sound an alarm for European integration and, consequently, the wellbeing of both the region and the global economy. Let us hope that the inevitable short-term volatility is a precursor to a more decisive effort to deal with the continent's festering problems.
The argument for the Volcker Rule is obvious -- we shouldn't allow risky bets that pay enormous bonuses to bankers if they work, but stick taxpayers with the bill if they fail.
The American recovery won't come from Detroit's dogged persistence. It will come from innovative computer geeks and social misfits. Instead of a pep talk, we need a lesson in computer programming.
A week or so ago, we read about what in the Gilded Age of the Roman Empire was known as a bacchanal -- a big blowout at which the imperial swells got together and whooped it up. This one occurred here in Manhattan at the annual black-tie dinner and induction ceremony for Kappa Beta Phi.
The health of the global economy, and that of markets, depends on the success of a series of medium-term hand-offs between the public and private sectors -- in growth, balance sheets and credit flows.
Most Americans have had it with bailouts of the big banks on Wall Street when so little has been done for Main Street. Banks that are "too big to fail" are too big to exist.
It is past time for the president to let his actions speak for him and they will speak louder than any of his words. That is what the American people are waiting for. That is also what the banks, Wall Street and their allies fear most.
European leaders still need to do a lot more, and quickly, if they are to catch up and get ahead of the crisis. Accordingly, and regrettably, the specter of volatility caused by European headlines will not recede for long.
WASHINGTON -- In the late evening on Tuesday, Brigitte Walker welcomed Occupy Atlanta onto her property in an effort to save her Riverdale, Ga., home ...
As 2011 closes, world leaders could surely use a few gifts. Here are five presents that, if delivered, would probably be their all-time best -- regardless of whether they ever found a BB gun under the tree.
This technology-driven, partly outsourced, too-big-to-fail bureaucracies of today are more difficult to maneuver than that of yesteryear. And the frustration and angst it breeds are one reason the Occupy Wall Street and Tea Party movements resonate with Americans.
WASHINGTON -- A lobbying firm has prepared a memo offering advice to its Wall Street clients to help them manage any political fallout from Occupy Wal...