Hillary on Quarterly Capitalism: Big Challenge, Timid Reform

Hillary Clinton has opened a "conversation" about what she calls "quarterly capitalism," the perverse incentives that lead corporations to focus on the short-term over the long. Her reforms, however, don't match her rhetoric
Robert Borosage
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Cheaters Never Win … Unless the SEC Lets Them

Dodd-Frank was an attempt to make sure executives could not profit from cooking the books, but unless the SEC cracks down on accounting fraud, executives still have every incentive to fire up their burners.
Cormac Close
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Bank Reform Five Years Later: Still Incomplete

Today is the fifth anniversary of the passage of Dodd-Frank, the complicated legislation designed to reform Wall Street after it blew up the economy. With finance still bloated, much more needs to be done.
Robert Borosage
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These Loans ‘Should Most Definitely Be Illegal’

The story of one borrower from a payday lender shows why it's important, at least as a first step, for the Consumer Financial Protection Bureau to implement tougher regulations to protect consumers.
Cormac Close
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On Shark Week, Watch Out For These Financially Vicious Sharks

Loan sharks, in the form of payday lenders, claim more victims each minute than aquatic sharks do in a year. But unlike the shark attacks you see on Discovery Channel, there are surefire ways to prevent getting bitten.
Cormac Close
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Tell Obama and Congress to Stop the Squeeze on Greece

A petition launched today calls on President Obama and Congress to urge the European Central Bank to support the Greek banking system while negotiations continue toward "a fair agreement" for the Greek people.
Isaiah J. Poole
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The GOP’s Latest Covert Attack on Banking Regulation

Despite the fact that 760 banks were important enough to be bailed out by taxpayers in 2008, the Senate Banking Committee approved legislation that would remove the "too big to fail" designation from all but six.
Cormac Close
  • 17

Warren to SEC Chair: “Step Up” (Or Step Down)

Sen. Elizabeth Warren has issued a stinging 13-page indictment of the leadership of SEC Chair Mary Jo White. The financial lobby howled its outrage, which should tell the rest of us that Warren got it right.
Robert Borosage
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The Big Banks Are Corrupt – And Getting Worse

The repercussions of the latest Justice Department deal with felonious big banks were limited to a few headlines and some scattered protestations. That’s not enough. Our financial system is corrupt by design.
Richard Eskow
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Celebrating the Flash Crash with a Wall Street Sales Tax

This week marks the fifth anniversary of the Flash Crash; when the stock market lost almost 9 percent of its value from its opening level, within 5 minutes. The market quick recovered, but the crash revealed its extraordinary instability.
Dean Baker
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The Unfinished Business of Financial Reform

We know what changes we need to make financial markets work better. The key steps aren’t hard. It just takes political courage and a strong demand from the public to complete the unfinished business of financial reform.

America’s Billionaires Owe You a Thank You Note

This tax season, America’s billionaires are toasting you, the ordinary taxpayer. That’s because you’re the one picking up the tab for our nation’s ailing infrastructure of roads, bridges, and rail transport, among other things.
Chuck Collins
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Big-Bank Bad Guys Bully Democracy – And Blow It

They've cheated customers and defrauded investors. Now they want to use our legalized system of campaign-cash corruption to protect themselves from the very government that rescued them.
Richard Eskow
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A Voice for Workers at the Federal Reserve

The Federal Reserve Board is deciding when to raise interest rates. Its decisions will decide if millions of Americans get jobs or pink slips, whether wages rise or stagnate. Workers need a voice in those deliberations.
Robert Borosage
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Progressive Wedge Issues for Cities and States

For years, conservatives used “wedge issues” to split moderates from progressives. It's time to promote some progressive wedge issues and our best opportunities for both publicity and passage are in states, cities and counties.

Democrats Take on Wall Street with Financial Transactions Tax

The House Democratic Party leadership made a remarkable step forward last week in putting out a proposal for a financial transactions tax. There should be no mistake; this is a really big deal for the financial industry.
Dean Baker
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Enougher is Enougher: ANOTHER Citi Nominee

Brilliant people with expertise and a willingness to serve the public is a good thing. It is something we want people to do. But the number of Citigroup and other Wall Street people in high positions of our government matters right now.
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