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Mike Konczal

Wells Fargo and Other Megabanks Don't Care About Your Business

Jake Blumgart | Posted 06.24.2012 | Business
Jake Blumgart

If moving your money to a credit union won't make Bank of America or Wells Fargo small enough to fail, it is a rational consumer decision. Making the switch may not be a revolutionary act, but it will certainly make your life easier.

Hoodwinked! Selling Job Despair as "The New Normal"

Richard (RJ) Eskow | Posted 08.03.2011 | Politics
Richard (RJ) Eskow

Almost three years later, people are still hewing to the flawed philosophies that led to the financial crisis. That prevents the country from taking steps to end the permanent recession that enshrouds whole segments of our population.

William Alden

'Unrealistically Rosy' Unemployment Numbers Omit Millions Of Jailed Americans

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

The official unemployment figure of 9.6 percent is, according to a new report, "unrealistically rosy" because it doesn't account for a full 2.3 millio...

There Are Zero Good Reasons to Block Elizabeth Warren

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

The political case for appointing Warren is even stronger than the policy case. Choosing anybody other than Warren will not make Obama appear reasonable or moderate--it will make him look weak and corruptible.

Derivatives Reform: The Huge Two Loopholes Congress Is Fighting Over

rortybomb.wordpress.com | Mike Konczal | Posted 05.25.2011 | Business

We discussed two potential derivatives loopholes in the bill (One, Two), the first being about what constitutes a trading facility, and the second is ...

Financial Reform: 6 Things Worth Fighting For In The Senate Bill: The Roosevelt Institute (PHOTOS)

Posted 05.25.2011 | Business

As the Senate heads into tough negotiations over a historic set of financial reforms, the Roosevelt Institute has put together a crucial set of guidel...

The Case Against Jamie Dimon: Oligopoly, Pain, and Systemic Risk in Five Slides

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Here's the danger: the centralization of risk and power is leading us right into another disaster. We need to get the banking oligopoly under control. But Jamie Dimon is fighting back tooth and nail. And that's why we must fight Jamie Dimon.

Mike Konczal: What are you worth to your bank?

washingtonpost.com | Mike Konczal | Posted 05.25.2011 | Business

The Roosevelt Institute's Mike Konczal writes about trying to figure out how much a customer is worth to a commercial bank: "There's whatever you pay...