Reducing the size of banks, it seems to me, would be a win for everyone. We would avoid these bonus brouhahas, the debates about TARP and compensation.
Norb Vonnegut | Posted 06.03.2009 | Business
Hedge funds are often unstable. One bad year, and investors pull their capital. A few bad "marks," and lenders make margin calls.
Anita Thompson | Posted 05.28.2009 | Business
Charles Ponzi swindled the working poor. Bernie Madoff swindled the Uber Rich -- the ones in-the-know. Well, apparently not so in-the-know.
B. Jeffrey Madoff | Posted 05.14.2009 | Business
If these people were "the best and the brightest," why did the financial crisis happen?
Richard Arthur | Posted 04.30.2009 | Business
It will not be painless but it is difficult to imagine it not happening -- the tools exist, corporations have proven that they need oversight and we need to protect our investments.
Jim Jaffe | Posted 04.26.2009 | Home
Whether that history remains relevant today is the question of the moment. I'm not convinced that we're compelled to disown populism because of its anti-intellectual past.
Thomas Frank | Posted 04.25.2009 | Business
How has a popular Democratic president with a convincing electoral mandate failed to translate the opportunities of recent events into the "change" for which voters clamored?
Rabbi Shmuley Boteach | Posted 04.25.2009 | Living
Man, if only we Rabbis, ministers, and Priests were also rewarded for failure. Given the new poll just released that shows atheism increasing in America, we'd get a bonus.
Tim Berry | Posted 04.25.2009 | Business
Anybody who hasn't been living in a cave knows how bonuses got a bad name: excess and greed in large business. But what those of us in small business, where a bonus is a reward for a job well done?
Joe Peyronnin | Posted 04.25.2009 | Business
The overwhelming majority of bankers are very good people who work enormously long hours building value and fueling the economy.
Arianna Huffington | Posted 04.23.2009 | Politics
Tim Geithner's actions throughout his career, including his time as Treasury Secretary, are proof that the toxic thinking that got us into this mess is part of his DNA.
Jennifer Delaney | Posted 04.23.2009 | Living
If AIG were to donate the 418 bonuses to charity, it would be a brilliant preemptive PR move to neutralize its current out of touch public persona. Here's what the money could provide.
Vicky Ward | Posted 04.23.2009 | Business
New York is the national epicenter of ostentation and consumerism. Now those qualities are considered tasteless. Wealth has become a dirty word.
Robert Kuttner | Posted 04.22.2009 | Politics
The indignation over AIG will serve a useful purpose if it focuses public attention on the much larger issue of the failure of the entire approach that Tim Geithner and Larry Summers are using to rescue the banking system.
Andy Ostroy | Posted 04.21.2009 | Politics
Rather than allow these bonuses to remain intact or to take them away outright, how about deferring them until the companies and their troubled business units turn their financial fortunes around?
Jeffrey Sachs | Posted 04.21.2009 | Business
The fascinating thing about this Wall Street greed is that it is so deeply ingrained that neither the bankers themselves nor our economic leadership understands just how disgusting and dangerous it is.
Bob Ostertag | Posted 04.20.2009 | Politics
Have things changed so dramatically that Obama will have room to dump his biggest campaign contributers overboard? That question will be answered in the coming weeks.
Wall Street Journal | JOE BEL BRUNO and MATTHIAS RIEKER | Posted 04.20.2009 | Business
The chief executives of the nation's three largest banks on Friday pushed back against legislation that would heavily tax Wall Street bonuses. Citigr...
Michelle Kraus | Posted 04.20.2009 | Politics
It takes more than one cook to stir this pot of malarkey, and I smell a stinking rose.
AP | JOHN CHRISTOFFERSEN | Posted 04.20.2009 | Business
FAIRFIELD, Conn. — Longtime pillars of the community are now pariahs living in fear, hiding behind locked gates and security guards amid the pub...
David Sirota | Posted 04.20.2009 | Politics
I appeared on ABC's World News Tonight and ABC's Nightline last night about the economic meltdown. You can watch the Nightline clip here. As I've w...
Raymond J. Learsy | Posted 04.20.2009 | Business
If there has ever been an example of "sow and ye shall reap" gone awry, it is the madcap stripping of the national treasure by those who have brought us to the edge of the cliff.
Don McNay | Posted 04.20.2009 | Business
There has been talk about appointing a new "Systemic Risk Regulator." This "Super Czar" would oversee all of the financial services industry. We had a "Super Czar" last year. His name was Henry Paulson.
Earl Ofari Hutchinson | Posted 04.20.2009 | Politics
How long will and should Obama continue to defend Geithner in the face of the smoking gun proof of what he knew about AIG and when he knew it?
HuffingtonPost.com | Arthur Delaney | Posted 04.20.2009 | Politics
Rep. Barney Frank's Financial Services Committee will take up a new bill next week to ban bonuses at any companies benefiting from federal bailout fun...
Norb Vonnegut | Posted 06.13.2009 | Business