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Wall Street Reform

Everyone's Business: Why the Private Sector should be Accountable to the Public

Sanjay Sanghoee | Posted 04.26.2013 | Business
Sanjay Sanghoee

The private sector should be held to the same standard of scrutiny that the government itself receives from the people, and corporate governance should be as much a matter of public debate and law as political governance.

In the Public Interest: Senator McConnell Says We Shouldn't Have a CFPB At All

Ed Mierzwinski | Posted 04.22.2013 | Business
Ed Mierzwinski

What are some of the protections we wouldn't have at all, if Senator McConnell and Wall Street have their way and we didn't have a Consumer Financial Protection Bureau at all?

"I Regard the [Wall Street] Moral Environment as Pathological"

Janet Tavakoli | Posted 04.18.2013 | Business
Janet Tavakoli

I've posted many commentaries about widespread fraud in the financial system, ineffective regulation, moral hazard, and why, without reform, we are doomed to repeat this pattern. This time let's hear from someone else who shares his views with eloquence.

No More Hiding From Regulators

Dave Lauer | Posted 04.09.2013 | Business
Dave Lauer

Instead of technology bringing about a revolution in surveillance and enforcement, we've seen the opposite. It's time for change, and right away.

Zach Carter

Wall Street Deregulation Roars Back On Capitol Hill

HuffingtonPost.com | Zach Carter | Posted 05.08.2013 | Politics

WASHINGTON -- A bipartisan cadre of House lawmakers will move on legislation to deregulate Wall Street derivatives Wednesday, less than a week after S...

A Smart and Principled Plan to End 'Too Big to Fail'

Richard (RJ) Eskow | Posted 05.13.2013 | Politics
Richard (RJ) Eskow

Wall Street money and influence suffuses both our politics and our media, so the answer to that question remains to be seen. But the ideas presented by Fisher and Rosenblum should reshape our national conversation over the financial and moral failure of our current banking system.

An Etiquette Lesson for Elizabeth Warren From 'El Loco'

Richard (RJ) Eskow | Posted 05.10.2013 | Politics
Richard (RJ) Eskow

Politicians and regulators serve criminal banks for the very same reason that Willie Sutton robbed them: That's where the money is.  If these senators don't figure that out pretty soon, they're going to have to go to the people to raise money.

Former Wall Street Exec Introduces Bill To Roll Back Key Element Of Wall Street Reform

The Huffington Post | Chelsea Kiene | Posted 03.08.2013 | Politics

Rep. Jim Himes (D-Conn.), a former Wall Street executive, is joining Rep. Randy Hultgren (R-Ill.) to introduce legislation that would undercut one of ...

Zach Carter

Republicans Offer Wall Street Reform Deal

HuffingtonPost.com | Zach Carter | Posted 02.12.2013 | Politics

WASHINGTON -- After more than four years of blanket opposition to Wall Street reform, House Republicans are finally offering Democrats a deal. But the...

Sen. Kaufman on JPMorgan Chase: Private Lawsuit Found Evidence the Feds Didn't

Richard (RJ) Eskow | Posted 04.09.2013 | Politics
Richard (RJ) Eskow

Think of it as the story of two antagonists. One of them was an honest senator who came to Washington to fight corruption. The other is an arrogant banker who's so sure of his untouchability that he wore "FBI" cufflinks when he made a public appearance last month.

How Jamie Dimon Shows Us Exactly What Is Wrong With Our Banks

Sanjay Sanghoee | Posted 03.30.2013 | Business
Sanjay Sanghoee

Banks today have become self-serving profit machines whose primary goals are misaligned with our nation's larger interests, and are a far cry from the friendly neighborhood institutions that once made the American dream possible.

What President Obama Must Do In His Second Term To Protect Main Street From Wall Street

Dennis M. Kelleher | Posted 03.17.2013 | Politics
Dennis M. Kelleher

The goal of a safer, sounder financial system, one that is less prone to crisis and failure and eliminates or dramatically reduces the need for taxpayer bailouts, is achievable. This is what the American people voted for last November. This is the president's clear mandate.

Two New Fraud Deals Show Wall Street's Washington Insiders at Work

Richard (RJ) Eskow | Posted 03.09.2013 | Politics
Richard (RJ) Eskow

It must've been like old home week when the old gang of Wall Street and Washington insiders finalized a couple more cushy settlements last week. But there was an empty chair at the negotiating table. That chair belongs to you, and it belongs to me.

Zach Carter

New Senator Takes Cue From Elizabeth Warren

HuffingtonPost.com | Zach Carter | Posted 01.04.2013 | Politics

WASHINGTON -- Freshman Sen. Angus King (I-Maine) joined Sen. Elizabeth Warren (D-Mass.) this week in the fight to rein in the financial establishment....

Bankrupt Politics: The Republican Plan to Kill Our Economy

Sanjay Sanghoee | Posted 02.27.2013 | Business
Sanjay Sanghoee

If the economy continues to grow, the president's second term will be a victory, period. That means the Republicans actually have to make sure it goes wrong. To accomplish this goal, the Republicans seem to have settled on two angles of attack.

Did Obama and Cameron Require HSBC to Aid the Prosecution of Tax Frauds?

William K. Black | Posted 02.17.2013 | Business
William K. Black

As part of the HSBC settlement, did Obama and Cameron's officials require HSBC to blow the whistle on tax frauds? Did they require HSBC to provide them with a full intelligence briefing on how the networks of tax evasion and tax havens function?

Too Big to Jail: We Should Take Our Own Advice

Rep. Brad Miller | Posted 02.15.2013 | Politics
Rep. Brad Miller

Last week the Dept. of Justice decided against indicting British bank HSBC, despite clear evidence of crimes, including laundering billions of dollars for repugnant governments, including state sponsors of terrorism. Instead, the DOJ settled for about five weeks of HSBC's profits.

Wall Street Finds a 'Third Way' to Plunder Our Wealth

Richard (RJ) Eskow | Posted 01.19.2013 | Politics
Richard (RJ) Eskow

Gotta hand it to 'em: Those Wall Street guys are smart. They've already found two ways to plunder the nation's wealth for their own enrichment, and now they're working on a third.

Christina Wilkie

Wall Street Looking At A Blue Night

HuffingtonPost.com | Christina Wilkie | Posted 11.06.2012 | Business

Through much of the campaign, major Wall Street banks have nursed visions of a Republican majority capturing control of the Senate and then weakening ...

Vote for the B-

Robert Scheer | Posted 01.05.2013 | Politics
Robert Scheer

To employ the vernacular used in my day job teaching college students, I give Obama a generous B- grade. Meanwhile, the rapacious capitalist-turned-candidate Romney earns a solid F and makes Obama look quite good in comparison.

The Lack of Foresight Report: Why Can't We Do Better?

Dave Lauer | Posted 01.01.2013 | Business
Dave Lauer

The frustration of those of us arguing for pragmatic reforms and unbiased research should be evident. I am thankful that here in the United States, the SEC has at least begun to realize the need for more independence in its research and panels, and I hope that trend continues.

Obama Warns GOP To Leave Financial Regulations Alone

AP | JULIE PACE | Posted 12.27.2012 | Politics

NASHUA, N.H. — President Barack Obama is seeking to win over voters in low-tax New Hampshire by criticizing Mitt Romney for raising taxes and fe...

Obama Raises Concerns Over 'Risky Behavior'

AP | JIM KUHNHENN | Posted 10.24.2012 | Politics

WASHINGTON -- President Barack Obama, who once called bank executives "fat cats" and their pay "obscene," says Wall Street needs to change executive p...

Message in a Bottle: Romney's Presidency Two Years in

Karl Frisch | Posted 12.16.2012 | Politics
Karl Frisch

I write this missive in the year 2014 from my small, poorly ventilated office in the Shandong Province of China where my job and millions of others have been outsourced by President Mitt Romney and his Republican allies in Congress.

Beneath the Etch a Sketch: 5 Signs That Romney's Real Ideology is Crony Capitalism

David_Halperin | Posted 12.15.2012 | Politics
David_Halperin

On a surprisingly wide range of issues, Romney is poised to tailor policy and government spending in ways that would reward his rich friends and donors, as well as his own family, and, in some cases, cause harm to the country.