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Ten years ago, our country made the fateful decision to repeal Glass-Steagall. I predicted then what is happening now in the economy. But unfortunately, only seven other Senators stood with me.
Nathan Havey | Posted 11.12.2009 | Business
Many of the same people who are now creating proposals to reign in the financial industry were, 10 short years ago, the people eating cake as they destroyed the barn door of regulation and let the big banks run free.
bloomberg.com | Alison Vekshin and Robert Schmidt | Posted 11.12.2009 | Business
Nov. 12 (Bloomberg) -- Seven Wall Street lobbyists trooped to Capitol Hill on Nov. 9, hoping to convince Representative Paul Kanjorski's staff that hi...
Charles Gasparino | Posted 11.11.2009 | Business
There are plenty of media types who blame last year's implosion and the bailout on greedy bankers, but that's only part of the story. Wall Street needed a co-conspirator; namely, the government.
David A. Love | Posted 11.09.2009 | Politics
Often, people will look at a high-profile example of corruption, and conclude that the egregious act is an exception to the rule. In reality, it might be the tip of the iceberg.
Robert Teitelman | Posted 11.06.2009 | Business
Now it gets interesting. With the recovery at least beginning, European and now British regulators are clearly leaning toward a more competitive banki...
HuffingtonPost.com | Shahien Nasiripour | Posted 11.05.2009 | Business
On the 10th anniversary of Congress voting to repeal the law that had long separated Main Street commercial banking from Wall Street investment bankin...
forbes.com | Nouriel Roubini | Posted 11.05.2009 | Business
Although the G-20 finance ministers pledged stronger prudential regulation and financial oversight of systemically important firms at their September ...
David Paul | Posted 11.03.2009 | Business
With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.
Diane Francis | Posted 10.27.2009 | Business
The world's concentrated financial sector has been grabbing more than its fair share of wealth. We desperately needs Glass-Steagall on steroids.
New York Times | GRETCHEN MORGENSON | Posted 10.25.2009 | Politics
It certainly sounded good. Hoping, perhaps, to persuade a dubious public that curbing reckless business practices is indeed a Washington priority, t...
HuffingtonPost.com | Shahien Nasiripour | Posted 10.23.2009 | Business
A former CEO of Citigroup says there should be "some kind of separation" between commercial banking and investment activities, joining a growing list ...
Allison Kilkenny | Posted 10.21.2009 | Business
Whatever one thinks of Paul Volcker, any amateur historian can see that he's right to want to keep investment banking separate from commercial banking.
Michael Shaw | Posted 10.21.2009 | Politics
Beyond the pure shame of it, this photo of the Obama economic team is almost too painful to look at.
Bruce Judson | Posted 10.12.2009 | Business
The modern history of finance, combined with ever advancing technology, shows that the locus of the next crisis is not predictable. We will always be regulating to prevent the causes of yesterday's failure.
Bruce Judson | Posted 09.23.2009 | Business
America is becoming an angry nation, with diminished faith in its institutions. There is a growing sense among all but the wealthiest Americans that "the game is rigged" against them.
Robert Reich | Posted 09.14.2009 | Business
Let's be clear: Wall Street today is up to the same tricks it was playing before its near-death experience. The only difference now is that its biggest banks know for sure they'll be bailed out if their bets turn sour.
Robert Scheer | Posted 08.14.2009 | Business
The federal government works for Goldman and not for us. Indeed, when it comes to the banking bailout, Goldman Sachs is the government.
Reuters | Matthew Goldstein | Posted 07.31.2009 | Business
Even as Ponzi king Bernard Madoff goes away to prison for the rest of his life and then some, there are still so many unanswered questions -- both big...
Robert Weissman | Posted 07.18.2009 | Business
There's no question that Wall Street is going to mobilize -- is already mobilized -- to defeat the administration's positive proposals.
Robert Teitelman | Posted 07.17.2009 | Business
Nobody just announces anything anymore. Before anyone in Washington can get lunch, it has to be leaked, briefed, previewed in speeches, summarized in ...
Ari Melber | Posted 04.25.2009 | Politics
In a galling demonstration of Washington's tangled priorities, leaders in both parties still refuse to tap Eliot Spitzer's expertise for policymaking and enforcement in the current crisis.
Arianna Huffington | Posted 04.25.2009 | Politics
It was on Summers' watch that the credit-default swaps warhead that has blown up our economy was launched. It would be hard to make assumptions that turned out to be more wrong than his were.
Robert Weissman | Posted 04.19.2009 | Business
What is vital now is that the public's righteous anger is not expressed only as "no." There are a lot of things to which We The People do need to say "no." But we need a lot of "yes's," too.
Wayne Rogers | Posted 11.07.2008 | Business
No one seems to have commented that just a few years ago we had legislation called the Glass/Steagall Act which separated the commercial banks from the investment banks.
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Sen. Byron Dorgan | Posted 11.13.2009 | Politics