We have much to learn from Beijing. The Chinese Communist Party wisely crafted a stimulus plan that called for up to 75% of spending be financed by banks and state-owned enterprises -- not the central government.
Dave Lindorff | Posted 11.20.2009 | Politics
The problem with these stimulus programs is that they are inefficient ways to create and preserve jobs. This has to be the lamest economic thinking since Hoover started tightening the screws at the onset of the Great Depression.
PAUL KRUGMAN | Posted 11.20.2009 | Business
Earlier this week, the inspector general for the Troubled Asset Relief Program, a k a, the bank bailout fund, released his report on the 2008 rescue o...
bloomberg.com | Roger Lowenstein | Posted 11.17.2009 | Business
Financial reform seems to be flailing. Legislation has been proposed, but it is complicated and diffuse. Most of the proposed fixes are incremental ch...
McClatchy | Kevin G. Hall | Posted 11.13.2009 | Business
WASHINGTON -- Senate Banking Committee Chairman Christopher Dodd's sweeping new financial overhaul legislation, which proposes to strip the Federal Re...
David A. Love | Posted 11.09.2009 | Politics
Often, people will look at a high-profile example of corruption, and conclude that the egregious act is an exception to the rule. In reality, it might be the tip of the iceberg.
David Paul | Posted 11.03.2009 | Business
With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.
Ellen Brown | Posted 11.02.2009 | Business
Why is North Dakota doing so well, when other states are suffering the ravages of a deepening credit crisis? Its secret may be that it has its own credit machine.
Robert Lenzner | Posted 10.31.2009 | Business
What can an investor do? For advice, I sat down with Marc Harris of RBC, one of the few large banks that maneuvered a clear course through the economic turmoil.
Diane Francis | Posted 10.27.2009 | Business
The world's concentrated financial sector has been grabbing more than its fair share of wealth. We desperately needs Glass-Steagall on steroids.
Rep. Edolphus Towns | Posted 10.28.2009 | Business
The American people have been eager to understand how the government failed to prevent bonus payments from going out the door -- payments that were paid out with their taxpayer dollars.
The Fort Collins Coloradoan | Trevor Hughes | Posted 10.27.2009 | Denver
Federal bank regulators repeatedly warned the now-collapsed New Frontier Bank it was taking financial risks it could not cover and lacked the systems ...
George Goehl | Posted 10.24.2009 | Business
We've reached an incredible moment when Alan Greenspan, Michael Moore, FDIC head Sheila Bair and Elizabeth Warren are all singing the same tune: calling for breaking up the big banks.
AP | ANNE FLAHERTY | Posted 10.22.2009 | Politics
WASHINGTON — The House Financial Services Committee agreed Wednesday to ensure states can impose their own tough consumer protection laws agains...
AP | Posted 10.20.2009 | Denver
DENVER — An auction last month of loans from the failed New Frontier Bank generated $157 million on a portfolio once valued at more than $500 mi...
David A. Love | Posted 10.15.2009 | Politics
American-style capitalism is the system that gives you pilots buying groceries with food stamps and sheriffs throwing families out of their homes. President Obama, it's time for a "new" New Deal.
Diane Francis | Posted 10.15.2009 | Business
An examination of the causes of the financial meltdown and proposals for reform to prevent new catastrophic bubbles from forming and bursting.
Dean Baker | Posted 10.05.2009 | Business
We all know that the economy is recovering. The stock market is up by more than 50 percent from its March lows and banks are reporting strong profits. Everything is bright and sunny again, unless you have to work for a living.
Kyle G. Brown | Posted 09.28.2009 | Business
The most reliable way to expand tax revenues would be to impose a modest fee on every stock, every bond -- in short, every financial transaction.
Bloomberg | James Sterngold | Posted 11.23.2009 | Denver
Sept. 23 (Bloomberg) -- New Frontier Bank, the largest lender in northern Colorado, had a lot to be proud of in early 2007. Assets had grown by 66 pe...
Pablo Triana | Posted 11.19.2009 | Business
A (large) group of bankers has been mauled by the mayhem-igniting actions of another (small) group of bankers.
Diane Francis | Posted 11.15.2009 | Green
Canada's banking system is one of the best regulated, and modulated, in the world, which is why no Canadian financial institution went bust during the 1930s Depression.
AP | Posted 11.14.2009 | Business
UPDATED: Check out PHOTOS of the $12 million Malibu beach home that Cheronda Guyton partied in. MALIBU, Calif. — Wells Fargo & Co. has fired a...
Schuyler Brown | Posted 11.08.2009 | Business
People are just not loyal to banks anymore, and why should they be? Banks leveled the first blow to the relationship by becoming estranged, unfamiliar and impersonal.
Eric C. Anderson | Posted 11.23.2009 | World