A former CEO of Citigroup says there should be "some kind of separation" between commercial banking and investment activities, joining a growing list ...
Read Whole Story
We can call the 2000s the "Worse Than Zero" decade or the "Big Zero," or anything we wish, but what characterized it most for me was the near total control of corporations, especially over our civic institutions.
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.
Yesterday, the decidedly odd couple of Senators John McCain (R-Ariz.) and Maria Cantwell (D-Wash.) teamed up to introduce legislation that would rest...
Given the widespread involvement of UBS in what the Justice Department alleges were efforts to violate U.S. tax laws, it must be asked: Did Gramm have no inkling about what was going on?
Contrary to what John Boehner says, a big foot needs to be placed on the financial industry to make sure that last year's near collapse can never happen again.
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.
Taking distressed mortgage-backed securities off the books of banks will not be enough to stabilize the financial system, as the total exposure to credit default swaps is still largely unknown.
Get top stories and blog posts emailed to me each day..