Banking Industry

Winning the 2010 Elections

Mike Lux | Posted 11.18.2009 | Politics


Mike Lux

If Democrats shed their caution and become fighters, for jobs and health care and the middle class, they can pull off the same kind of surprise in 2010 that we pulled off in 1998.

Banking Sector Fix In Six Steps: Roger Lowenstein

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...

Banks Hire Derivatives Expert To Fight Financial Reform

The Huffington Post | Jenna Staul | Posted 11.06.2009 | Business


Several major banks are fending off legislation meant to regulate the lucrative derivatives market by hiring a high-powered financial lobbyist. The H...

Centrism and Swing Voters

Mike Lux | Posted 11.02.2009 | Politics


Mike Lux

In some ways, in some elections, at some times, centrism and swing voters are closely connected. But the connection is growing more and more tenuous.

House Panel Says States Can Protect Consumers

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...

Is Your Blood Boiling at the Big Bankers? Go to Chicago

Mike Lux | Posted 10.21.2009 | Business


Mike Lux

Have you seen the latest stories about the profits and bonuses of the biggest banks on Wall Street? If you want to do something about it, I'd recommend going to Chicago next week.

The Number One Goal: Less Power for the Big Banks

Mike Lux | Posted 10.14.2009 | Politics


Mike Lux

At a retreat this last weekend sponsored by the Roosevelt Institute on financial reform issues (I have to take a break from health care every once in ...

Lobbyists Target House Financial Services Committee Today

The Huffington Post | Jenna Staul | Posted 10.14.2009 | Business


Lobbyists are honing in today on the House Financial Services Committee, which will begin marking up legislation on the controversial Consumer Financi...

Corporations, the Government, and Accountability

Mike Lux | Posted 10.05.2009 | Politics


Mike Lux

If government bails you out, subsidizes you, forces people to buy your product, or otherwise does business with you, we the people are owed some basic accountability on the other end of the deal.

The Best Little Whorehouse in Washington

David Sirota | Posted 10.01.2009 | Politics


David Sirota

In just the first half of 2009, the 15 New Democrats on Financial Services committee "received about $1.9 million in contributions from the finance, insurance and real estate industries."

Obama: I Will "Do Everything I Can" To Stop Banks From Killing Safety Agency

Bloomberg | Rich Miller and Julianna Goldman | Posted 11.15.2009 | Politics


President Barack Obama said job losses are "bottoming out" and the U.S. economy looks to be growing again even as he warned against cutting off govern...

Islamic Finance and Mobile Banking: Could, Would, Should

Matt Herbert | Posted 08.30.2009 | Business


Matt Herbert

Would the adoption of mobile financial service technology benefit Islamic Banks?

Opposition to Obama Health Care Reform Driven by Racism Not Fear of Increasing Debt

Ray Hanania | Posted 08.22.2009 | Politics


Ray Hanania

Although the Republicans and "Blue Dog" conservative Democrats claimed they oppose Obama's health care plan because it would increase the nation's debt, the real reason is driven by racism.

Obama's Agenda: Hope, Change and Lobby-Centricity

Stuart Whatley | Posted 08.02.2009 | Politics


Stuart Whatley

Obama's self-imposed rule against lobbyists in his administration, and the method whereby he is now implementing his progressive agenda, hews toward a rather perverse irony, if not hypocrisy.

Banks Amass Six Million Dollar War Chest To Sway Lawmakers

The Hill | Posted 07.11.2009 | Business


On the eve of a major overhaul of the financial system intended to prevent another crisis from erupting, the financial industry has built a more than ...

Weekly Audit: Ending the Economic Status Quo Economy NewsLadder

The Media Consortium | Posted 07.10.2009 | Politics


The Media Consortium

by Zach Carter, TMC MediaWire Blogger The banking lobby still holds enough sway inside the Beltway to torpedo sensible consumer protection rules, ev...

Wall St. Unemployed Forced To Take Low-Wage Jobs

wsj.com | MARY PILON | Posted 07.03.2009 | Business


Carlos Araya used to order lobster, filet mignon and $200 bottles of red wine at the Palm Restaurant in midtown Manhattan. Now, he seats customers at...

Community Banks Lumped In With Big Players, Forced To Pay High Premiums

washingtonpost.com | Steven Pearlstein | Posted 06.13.2009 | Business


We're hearing a lot these days from well-run regional and community banks that feel that they are being punished for the mistakes of the Citigroups an...

Implications of the Bank Stress Tests

Douglas J. Elliott | Posted 06.12.2009 | Business


Douglas J. Elliott

The financial "stress tests" on the big banks gave us good news: they "only" need $75 billion of new capital. That's a lot of money, but much less than many of us feared.

Moving Ahead on Reforming the Credit Card Industry

Jose A. Garcia | Posted 06.06.2009 | Politics


Jose A. Garcia

It is projected that, between 2020 and 2030, developing country emissions of carbon from energy use will exceed those of developed countries.

Sam Stein

Geithner Wins The Night: Not One Question For Obama On Banks

HuffingtonPost.com | Sam Stein | Posted 05.30.2009 | Politics


Barack Obama may have been the host of a prime-time press conference on Wednesday evening, but it was Treasury Secretary Timothy Geithner who had the ...

Showdown Seen Between Obama Administration And Banks

New York Times | STEPHEN LABATON and EDMUND L. ANDREWS | Posted 05.12.2009 | Business


As the Obama administration completes its examinations of the nation's largest banks, industry executives are bracing for fights with the government o...

Your Wealth Is in a Safe Place Now

Harry Moroz | Posted 04.06.2009 | Business


Harry Moroz

We should remember that by avoiding principal write downs -- and focusing on monthly mortgage payments -- the burden of wealth destruction is being placed on homeowners, not on banks.

Ryan Grim

Adam Pase: Lobbyist-Turned-Staffer At Center Of Bankruptcy Fight

HuffingtonPost.com | Ryan Grim | Posted 04.03.2009 | Politics


Capitol Hill is not a place where staffers become famous. The focus is on members of Congress, while aides remain in the background, unnamed and unrem...

Mortgage Write-Downs: Why Does Ellen Tauscher Value Banks Over Constituents? Ask Adam Pase

Jane Hamsher | Posted 03.31.2009 | Politics


Jane Hamsher

Why is Ellen Tauscher, head of the New Democrat Coalition, working so hard on behalf of bank and mortgage industry lobbyists?