We not only need to rein the banks in but we've got to delegate the responsibility for measuring household wealth -- and hopefully come up with ways to boost it -- to an agency that's more in touch with "the 99%."
Why haven't we had genuine financial services reform? The blame falls on a group called the New Democrat Coalition, members of Congress who have sold their souls for campaign contributions and future jobs as lobbyists.
Rep. Melissa Bean stands at the chokepoint of financial reform in the House of Representatives.
The Democrat from suburban Chicago is only in her th...
The compromise reached late Wednesday between pro-reform House Democrats and the banker-friendly wing of the party could significantly weaken consumer...
In just the first half of 2009, the 15 New Democrats on Financial Services committee "received about $1.9 million in contributions from the finance, insurance and real estate industries."
Democratic centrists are pressing House Speaker Nancy Pelosi to set aside a flagging climate change bill to focus on what they think is a more achieva...
The New Democrats and the Blue Dogs made good on their threats to join with Republicans to block legislation that would limit the payment of TARP bonuses. Score one for the banks.