Neoclassical economics must be replaced. Nobody can predict now the full scale of its radical replacement, and how beneficial would that replacement become, but its absence will surely be a tragedy.

There are two consumer protection amendments getting serious attention on the Senate floor this week, one of them positive, one of them incredibly destructive -- the kind of amendment that can actually sink the bill if adopted.

We need a simple speech and a direct speech -- most of all a political speech -- about what exactly happened to our financial system. Thursday, hopefully, we should finally get the speech.

Robert Rubin, the former Clinton-era Treasury Secretary and noted champion of deregulation, told a New York City audience last night that "virtually n...

Schwarzman and the finance industry's inability to see, much less admit, any culpability, and hence the need for root and branch reform, is pathological.

I am thankful that Wall Street is still a festering sump pump of illogic, hubris and greed, and will continue to provide me with plenty to write about for the foreseeable future.

Of all the architects of last year's financial crash, John Dugan remains the most obscure, despite his stature as one of the most influential. While r...

Can we really expect the FDIC to effectively regulate the banks that have loaned them money so that they can do their job?

Some called Beverly Hills financial adviser Stanley Chais an investment wizard, but in reality he was nothing more than a glorified middleman, channeling hundreds of millions of dollars in investors' funds to Bernie Madoff in New York.

We are all victims of a deregulatory Tsunami that has been in process in order to make the "big guys bigger."

How convenient for the judge and the media to paint Bernard Madoff as Mr. Evil, a uniquely venal blight on an otherwise responsible financial industry in which money is handled honestly and with transparency.

Last week, UBS announced a 2nd Quarter loss "due to restructuring charges." The banking giant is raising $3.45 billion in a stock sale. Partly owned ...