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 11.14.2009 | 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.
Michael B. Laskoff | Posted 10.26.2008 | Business
It's important not to be imbibing the proverbial Kool-Aid when digesting the edge of The Great Depression, Part II.
Stephen C. Rose | Posted 10.25.2008 | Politics
By Stephen C. Rose There are two key pieces of evidence in the maelstrom we are now calling a meltdown -- but which began with a mortgage crisis. The...
Mitchell Bard | Posted 10.23.2008 | Politics
How can a guy like John Boehner, who got us into this mess in the first place, have the unmitigated nerve to try and dictate the terms of how to fix things?
Joseph A. Palermo | Posted 10.20.2008 | Politics
The worst financial collapse since the Great Depression is somehow a fitting end to eight miserable years under the worst presidential administration ...
Robert Weissman | Posted 10.18.2008 | Business
If the Fed and Treasury succeed in controlling the situation and avoiding a collapse of the global financial system, then it is a near certainty that Big Finance will rally itself to oppose new regulatory standards.
John Tepper Marlin | Posted 07.26.2008 | Business
Phil Gramm designed the 1999 takedown of the Glass-Steagall Pillar. It's just too bad, if you support Obama, to see such a juicy target removed.
John Tepper Marlin | Posted 06.12.2008 | Green
If Ceres Climate Change ratings had been used as a proxy for long-term thinking, they would have been helpful. They would, in the context of the illiquidity of the credit markets, have been a good predictor of the Bankers Panic of 2008.
Vince Farrell | Posted 03.28.2008 | Business
Maybe Bear deserved to fail, or maybe it was just bad luck to be in the cross-hairs at the wrong time. But I can see how stockholders and employees would be enraged.
Bruce Judson | Posted 11.21.2009 | Business