Lew was offered a $940,000 bonus from Citigroup if he could land a job in government. That's one hell of a carrot. And here he is interviewing for Geithner's job.
WASHINGTON -- Republicans at a House subcommittee hearing this week objected to a 2010 law that targets conflict minerals from Central Africa, saying ...
In the post-Dodd-Frank world, transparency should not be thwarted, access to immediately free market data should not be reduced, and retail investors should not have less protections.
CEOs are living the good life. On the company’s dime. America's 100 best-paid corporate chiefs got an 18.7 percent boost in their perks packages...
There is a new report out once again reminding us of the greatest disappointment progressives have in the Obama administration: the lack of toughness in regards to Wall Street. Until the Obama administration fixes this problem, the rest of the economy is going to keep suffering.
Alan Greenspan, a former Federal Reserve chairman, told CNBC on Thursday morning that “the too big to fail problem” is “getting worse, not bette...
WASHINGTON -- Rep. Jim Himes (D-Conn.) spoke to HuffPost Live on Wednesday to defend his new bill that would weaken regulations on some financial deri...
Rep. Jim Himes (D-Conn.), a former Wall Street executive, is joining Rep. Randy Hultgren (R-Ill.) to introduce legislation that would undercut one of ...
The 2008 financial crisis cost the U.S. economy more than $22 trillion, a study by the Government Accountability Office published Thursday said. The f...
A crucial change in the way financial derivatives are packaged and sold on Wall Street is enabling traders to bypass new regulations aimed at limiting...
Misrepresenting oneself to oneself has to be the lowest form of self-flattery. Not only does it breach the mother of all truism -- "know thyself" (wri...
See, folks, this right here is an example of how the rest of us playing checkers while Goldman Sachs is playing three-dimensional chess.
When President Barack Obama first swore the oath of office, the backdrop was a financial system in flames. Four years on, the fires are out, but those...
Forget the narrow confines of this binary problem (tax breaks for the rich vs. continuing insurance for the unemployed) -- a political problem allows for a creative, political solution. We should use this fake, ginned-up "crisis" to our advantage and solve the real problems faced by real Americans.
The HSBC money-laundering settlement demonstrates conclusively that the Dodd-Frank reforms have not ended so-called "Too-Big-to-Fail" problem. The outrage about HSBC getting off so lightly has been too narrowly focused.
When it comes to firearms, the promise is total power, and it is no illusion. The problem is that they give that power indiscriminately to anyone who holds them. It is more power than anyone should have.
Securities and Exchange Commission (SEC) received 3,001 tips to its new Whistleblower Office during fiscal 2012 (starting in October 2011). This undoubtably begs the question: How can we put that number into context?
One of the first moves by the newly minted Consumer Financial Protection Bureau (CFPB) was to issue a rule implementing new protections for money sent to loved ones abroad, known as remittances.
Selecting Jamie Dimon would be a gift to the powerful investment bank constituency plying their trade already in the all too comfortable niche of 'too big to fail.'
It's not just legal action that is important here either: the regulations being written right now under Dodd-Frank will go a long ways toward either helping or hurting our chances of getting back on the path to a strong economy.
The true issue Obama is facing is the same one he faced four years ago: How to make the economy grow at a higher rate and reduce unemployment.
One of the things that the wealthiest and most powerful of the insider special interests do to move their interests along is to drop things right before the election that the general public won't notice but that all the inside D.C. players definitely will. Jamie Dimon managed to score just such a deal on Monday.
Mitt Romney is the poster child of big business expediency, where truth is less important than closing the deal. And if he gets elected we'll see a reprise of the Wild West days that ended in the 2008 crisis.
Paul Ryan has remained consistent. His statements are often lies, and when his talk turns to statistics and numbers and the financial facts faced by everyday Americans, his lies expand past the realm of "damned lies" into Mark Twain's third category of exotic deception.
As I watched Governor Romney in the presidential debate Wednesday night I was reminded of a financial tactic the candidate's political supporters and financial backers on Wall Street used during the mortgage boom -- the one that netted them billions of dollars while simultaneously pushing the American economy off a cliff.
