The Obama Administration should charter 100 new special "Business Banking Charters," to aggressively participate in lending to small- to mid-sized companies.
Ann Pettifor | Posted 11.13.2009 | Business
Today -- as global trade lies dead, as unemployment rises, as wages and incomes plummet, as US consumption and investment falls -- share prices zoom upwards and commodity prices rock.
The New York Times | LOUISE STORY | Posted 11.08.2009 | Business
Banks cut bonuses last year and shifted more pay into stock and options from cash, a tactic that lawmakers supported for its emphasis on long-term per...
New York Times | FRANK RICH | Posted 11.07.2009 | Politics
The Obama administration does not seem to understand that this rage, left unaddressed, could consume it. It has pushed aside the entreaties of many --...
Wall Street Journal | MARK WHITEHOUSE | Posted 11.02.2009 | Business
The pain of the financial crisis has economists striving to understand precisely why it happened and how to prevent a repeat. For that task, John Gean...
The Huffington Post | Posted 11.02.2009 | Business
The US might be in the midst of a second housing and financial bubble, according to economist and Yale Professor Robert Shiller. Shiller and Financial...
AP / Huffington Post | By STEPHEN MANNING | Posted 11.01.2009 | Business
WASHINGTON -- Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing...
Dean Baker | Posted 11.01.2009 | Politics
A year after President Obama's election, progressives can say that we got pretty much what we had a right to expect: a centrist agenda in office.
New York Times | ANDREW MARTIN and GRETCHEN MORGENSON | Posted 11.01.2009 | Business
OVER the past 80 years, the United States government has engineered not one, not two, not three, but at least four rescues of the institution now know...
Nelson Montana | Posted 10.29.2009 | New York
Even if there wasn't one thin dime spent in advertising, in a straight up comparison, Bloomberg is clearly the better man than Thompson.
Joshua Rosner | Posted 10.29.2009 | Business
This bill is one more act of sleight of hand by a Congress that, to the detriment of the public, fails to see that banks are there to serve the public good and can be regulated with such a goal.
Nelson Montana | Posted 10.29.2009 | Business
The way it stands with credit card companies these days, you might be better off dealing with loan sharks. At least they'll warn you before breaking your legs. The banks sneak up behind you and do it.
Telegraph | James Quinn, US Business Editor | Posted 10.28.2009 | Business
In a document handed to the US Securities and Exchange Commission (SEC), the investment bank asserts that such practices, some of which the SEC is loo...
Bloomberg | Mark Fisher | Posted 10.26.2009 | Business
When the government was forced to bail out the financial system, our friends in Washington also had the opportunity to make the trade of the century f...
Washington Post | Binyamin Appelbaum | Posted 10.19.2009 | Business
Large banks are on the verge of losing a key legislative battle over the shape of financial reform, an unusual setback that reflects the continued pol...
Rep. Edolphus Towns | Posted 10.19.2009 | Business
The Moody's business model of "Leave No Fingerprints" might be alright if the credit rating agencies had not played a starring role in the collapse of the financial system. For that reason, this cannot continue.
Dylan Ratigan | Posted 10.17.2009 | Business
The question is not why did we bail out the banks. The question is why did we give the banks billions so they could buy assets by the trillions and keep the profits?
Dylan Ratigan | Posted 10.15.2009 | Business
We don't want a government commandeered by those in our banking system who have failed and been passed over by technological advancements, innovation and flat-out smarts. But right now, that's what we've got.
New York Times | ANDREW ROSS SORKIN | Posted 10.13.2009 | Business
By most analyst estimates, the annual bonus pool will swell to more than $23 billion. In its second quarter, Goldman disclosed it had put aside $11.4 ...
Washington Post | Renae Merle | Posted 10.12.2009 | Business
Bank of America employees are reminded every day of how far they still have to go. Just outside the elevators of their vast third-floor command center...
The Wall Street Journal | HOLMAN W. JENKINS JR. | Posted 10.11.2009 | Business
Sitting across from me now in his comfortable office on the 30th floor of company headquarters in lower Manhattan, Goldman's CEO Lloyd Blankfein profe...
AP | Posted 10.09.2009 | New York
CENTRAL ISLIP, N.Y. — A federal judge says a New York businessman accused of orchestrating a $413 million Ponzi scheme has violated conditions o...
Dylan Ratigan | Posted 10.07.2009 | Business
The spike in unemployment, the destruction of retirement wealth, the collapse in the value of our homes, the worst recession since the Depression have all resulted directly from the abdication of proper government.
AP | MARTIN CRUTSINGER | Posted 10.05.2009 | Business
WASHINGTON — The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial bank...
John K. Delaney | Posted 11.18.2009 | Business