iOS app Android app

Financial Sector

Time for Progressives to Stand Up Proudly for Government

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

Government is not always the solution, any more than it is always the problem. But in many cases, progressives know that it is more efficient, more effective and more consistent with the values of a democratic society.

The Dominance of the Financial Sector Has Become a Mortal Danger to Our Economic Security

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

The financial sector, including the big insurance companies, has morphed into a cancer growing on our economy -- a cancer that could easily strangle our prospects for long-term economic security.

G-20: On a Wing and a Prayer

Michael Brenner | Posted 05.25.2011 | Politics
Michael Brenner

Here is why we are likely to be disappointed by what happens in Pittsburgh: the outlook is for an emphasis on the superficial to mask collective inaction on the basics of a badly flawed system.

Obama Must Tame Finance at G-20 Summit: Here's How

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

We are in the middle of a monumental political conflict with very high stakes. On one side: politicians and regulators battling for the interests of middle-class Americans. On the other: the banks.

Brokers Abandon Wall Street

Posted 05.25.2011 | Business

The New York Times reported in April that the financial crisis was altering Wall Street as diminishing bonuses and loss of status (to say the least) a...

It is All Obama's Fault: The Republican Twilight Zone

Jeff Schweitzer | Posted 05.25.2011 | Politics
Jeff Schweitzer

Clinton gets no credit for his eight years of economic prosperity, Bush gets a pass on creating the worst crisis in generations, and Obama is to blame for everything. Is there something wrong with that story line?

Stiglitz: The Fall of Wall Street Is to Market Fundamentalism What the Fall of the Berlin Wall Was to Communism

Nathan Gardels | Posted 05.25.2011 | Business
Nathan Gardels

"Obama's diagnosis that our financial sector is in desperate shape is correct. And if it is in desperate shape, that means our economy is in desperate shape."

Citi Merger "A Mistake," Says Dealmaker

Financial Times | Francesco Guerrera | Posted 05.25.2011 | Business

The landmark merger that created Citigroup was a "mistake" that failed to benefit the financial services conglomerate's investors, customers and emplo...