Study: Politically-Connected Banks Were More Likely To Get Bailed Out
In a finding that is sure to confirm the musings of conspiracy theorists -- or may just prove the obvious to cynics -- a new study details how the fin...
In a finding that is sure to confirm the musings of conspiracy theorists -- or may just prove the obvious to cynics -- a new study details how the fin...
Robert L. Borosage | Posted 12.17.2009 | Business
Enjoy the health care debate? Wait until the Senate takes on the big banks. It already looks like déjà vu all over again.
Bob Burnett | Posted 12.11.2009 | Politics
2009's biggest story was not the economy, health care, or the escalation of the war in Afghanistan, but rather the resurrection of America's largest b...
The Daily Beast | Nomi Prins | Posted 12.02.2009 | Business
Enron was the financial scandal that kicked off the decade: a giant energy trading company that appeared to be doing brilliantly--until we finally not...
HuffingtonPost.com | Shahien Nasiripour and Ryan Grim | Posted 11.18.2009 | Business
The two House Democrats shepherding derivatives reform proposals through Congress will close an existing $50 trillion loophole for foreign currency co...
Mike Lux | Posted 11.18.2009 | Politics
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.
Nathan Havey | Posted 10.30.2009 | Business
There is a movement afoot, and I'd like you to join us. Several organizations are cooking up a number of ways to make this change happen.
James Boyce and Paul Abrams | Posted 10.29.2009 | Business
Conservatives have traditionally distrusted political power. Liberals distrust concentrated, unaccountable economic power. The big banks have both. We cannot allow that to continue.
Arianna Huffington | Posted 10.28.2009 | Business
When it comes to dealing with Wall Street, President Obama seems to have traded in his position as our economy's commander-in-chief for a different role: pundit-in-chief.
HuffingtonPost.com | Shahien Nasiripour | Posted 10.21.2009 | Business
The House Agriculture Committee approved legislation Wednesday beefing up regulation of the kind of opaque derivatives many blame for causing the fina...
Mike Lux | Posted 10.21.2009 | Business
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.
New York Times | Edmund Andrews | Posted 10.15.2009 | Business
Concluding that some of the nation's biggest banks are in good enough shape to raise capital from private investors, senior Treasury officials would l...
Arianna Huffington | Posted 10.16.2009 | Politics
If we don't learn from the botched bank bailout, we are in danger of getting the same patchwork, reform-in-name-only outcome on health care.
washingtonpost.com | David Cho | Posted 09.27.2009 | Business
When the credit crisis struck last year, federal regulators pumped tens of billions of dollars into the nation's leading financial institutions becaus...
Posted 09.21.2009 | Business
The FDIC, which was created to protect society from deposit runs, is no longer able to fulfill its mission because the biggest banks have grown far be...
Mike Lux | Posted 09.13.2009 | Politics
Regulate them, prosecute them, and break them up are the only answers to keep big banks, those amoral leeches, from bringing our fragile economy down again.
Mike Lux | Posted 07.17.2009 | Business
Progressives are keenly aware of all the political contributions the financial industry makes. But when you are as big as these behemoths, your power stretches far beyond campaign contributions.
Scott Foval | Posted 06.08.2009 | Business
To B of A and the big 19: Take a number. We are in line in front of you, and your business doesn't deserve our tax money until you clean up your act.
Bill Donius | Posted 02.16.2009 | Business
As a banker this news cycle has been depressing to witness. However, as depressing as it is for me, I can only wonder how dismaying it must be for the average, hard working taxpayer.
Posted 12.22.2009 | Business