Dodd-Frank is a lazy man's spray-gun approach at financial reform. There is simply a total lack of critical changes needed to fix the regulatory spinal cord of the financial markets -- and it's either the blind ignorance of systemic risk or an agenda as dark as you could imagine.
God bless American juries. As the government, press and political classes resolutely keep their eyes shut about corporate misdeeds, juries keep the faith. Not just by convicting Wall Streeters, but by acquitting them when the evidence requires, and then speaking out.
Bain Capital was Wall Street at its worst. But the Obama team, in the White House and in the campaign, in order to win on the Bain attack, needs to face -- and turn around -- the perception that the administration has been weak on Wall Street.
The anti-Social Security privatizers, through their various "think tanks" and talking heads, have spread so much misinformation about the program over the last three decades, it is no surprise that so many people are confused.
Wall Street mavens may be coming around. Years after they decimated the economy, they are beginning to realize that they need to change not just the error of their ways, but also the way of their errors.
I have never quite been able to understand how the decision was made to fire Richard Wagoner at GM but not Vikram Pandit at Citibank. Is running a huge bank really more complex than running a huge automobile manufacturer?
In protecting Wall Street after the 2008 crash, the executive branch violated its core constitutional duty. It is now clear that there are virtually no limits on the magnitude of the crimes that the nation's most powerful private actors can commit with impunity.
To dump blame on Obama for not rising above the sordid history of Wall Street greed and abuse aided and abetted by successive presidents and Congress ignores, confuses, and disparages what Obama tried to do, what he was able to do, and what was impossible to do.
New York State Attorney General Eric Schneiderman may go down as the most important public official in reforming the corrupt financial system -- if he can hold out against pressure from Wall Street, the Federal Reserve, and the Obama administration.