During the 2008 financial crisis, when the nation's banking system seemed on the verge of collapse, President George W. Bush authorized a $700 billion...
We've had financial bubbles before. This one's got a twist though. It's fraught with complexity, scope, depth, widespread fraud and bad underwriting practices making coming out of it, all the more difficult.
It's been a while since we've heard that trumpet voluntary from the Treasury Department, signaling the sending of another press release celebrating the fact that "TARP worked!" But this week, the horns sounded.
I want to send Wall Street a wake-up call, as they don't seem to be getting it. The best way is with my dollars. My resources don't add up to what a chairman of a Wall Street bank gets in an annual bonus, but keeping those dollars away is a start.
The summer debate that has dominated Washington seems straightforward. Under what conditions should the U.S. government be allowed to borrow more mone...
"Financial reform" is a boon for people in the payday loan business. When people fall out of the world of traditional banking, they are still going to need bank-like services. Payday lenders will be in position to fill the gap.
To say that the year-old Dodd-Frank Wall Street Reform and Consumer Protection Act is under attack in Washington is like describing Little Big Horn as an engagement between the cavalry and the Indians.
WASHINGTON ā All the 2012 Republican presidential candidates have said they disagree with the Dodd-Frank legislation, and that sentiment has only ha...
WASHINGTON -- A year after Congress passed a landmark law intended to tame the excesses that produced the financial crisis, some experts contend that ...
Good for Elizabeth Warren for taking a stand. Coming from Wall Street, I know exactly what that means. You take the heat when you come up against the ...
Despite warnings from JPMorgan Chase CEO Jamie Dimon that the U.S. government may be suffocating the American economy recovery through over-regulation...
With unemployment back up to 9.2 percent, as reported last week, the hunt is on for an explanation of why job creation has been so slow since the fina...
As should be abundantly clear by now to anyone who has taken the time to study things carefully, there were many factors that contributed to the calam...
Bank errors with serious consequences continue to pile up, and not only because of the "robo-signing" that has become so closely associated with alleg...
Falsehood creates a convoluted mess, a sense of disorder. Hold that thought and think "cause and effect" -- the financial crisis largely created our fiscal crisis leading now to the US national debt ceiling problem.
When Matt Levine, a vice president at Goldman Sachs, announced in May that he was leaving his job to become a full-time writer for Dealbreaker, a sati...
The most striking lessons from the financial crisis and its aftermath already appear either to have been forgotten or to have never been learned. The American financial system can still be brought to its knees by the poor decisions of a small group of executives.
One of the more powerful quotes about the importance of taking nature seriously goes back to Oystein Dahle: "Socialism collapsed because it did not allow the market to tell the economic truth. Capitalism may collapse because it does not allow the market to tell the ecological truth."
There are roughly two kinds of books written about the financial crisis, much as there are two broad reactions to events that culminated in the implos...
Take from your money from places like Bank of America and move them banks and credit unions in your community. To my knowledge, none of them have paid a $8.5 billion settlement.