(Reuters) - Goldman Sachs Group Inc is trying to work around a financial reform regulation to keep investing in the profitable, albeit risky, business...
Nine of the largest U.S. banks have submitted plans offering roadmaps for how the government could break up and sell off their assets if they are in d...
Here's news that will surprise no one who's been watching the tortured fights over the Volcker Rule: The controversial financial regulation is not lik...
Let's face it: There will never be enough regulations and regulators to police all of the gray areas in a system this complicated. The best remedy is drastic simplification.
WASHINGTON -- Lawmakers rarely speak candidly about the relationship between large corporations and government, avoiding the ugly realities surroundin...
WASHINGTON -- Friday's announcement that General Electric Chairman and CEO Jeffrey Immelt will serve as chair of the President's Council on Jobs and C...
Early Friday morning, Obama announced a significant shift for the White House economic team: the war against Wall Street greed has lost a major player...
WASHINGTON (Reuters) - President Barack Obama announced on Thursday that former Federal Reserve Chairman Paul Volcker was stepping down from his rol...
Last night at a Common Cause dinner in New York, Paul Volcker singled out the danger facing the U.S. if the dollar no longer retains its role as a global benchmark.
The bargain broke down when middle-class America buckled under global competition and labor-replacing technology. Reich blames what happened next on t...
A significant story on the front page of today's New York Times explains just how easy it will probably be for the financial community to flaunt new regulation. High risk on Wall Street will go on.
President Barack Obama identified five major problems on Wall Street in his speech at Cooper Union today. Unfortunately, the solutions he has proposed...
As the debate over the regulatory overhaul heated up this week, a populist minority in both Congress and the Fed requested a revisit to the size issue...
I speak of the "value-added tax," or "VAT." Republicans are horrified that President Obama has a secret plan to pass this tax, and are shouting from the rooftops (of the nearest Fox News building).
The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White ...
In the past 24 hours, Dodd appears to have been going to bat for Wall Street, not out of concern for any greater political good, but exclusively for the purpose of padding the profits of big banks.
To solve the healthcare crisis, use the same logic that created seatbelt legislation. The government made a law that automakers must have seatbelts but never said it was going to start running the car companies.
I testified yesterday to the Senate Banking Committee hearing on the "Volcker Rules" (full pdf version; summary). My view is that while the principle...
After taking a look at Obama's numbers for the month, we continue our march backwards through history, this month serving up a comparison between Obama and Richard Nixon's term-and-a-half.
So while the most recent ideas coming from the White House are controversial, they provide an opportunity to begin a meaningful discussion on how to a...
Since Democrats are taking some time to figure out what to do next, we shall do the same here, and skip over the entire health care reform subject, after highlighting two hilarious commentaries on the situation.
Make no mistake, this is not about questioning the integrity, judgment, or credentials of retired Army General Eric Shinseki. After all, it was Shinse...