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.

Call Congress To Oppose Backroom Wall Street Deal

We're calling for an all-out push today to stop a backroom deal that would reopen the Wall Street derivatives casino that caused so much damage in 2008, with taxpayers stuck with the bill for cleaning up the mess.
Isaiah J. Poole
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Wall Street Moves In For The Kill

Wall Street isn't just trying to get another friend into a powerful position and win back taxpayer guarantees. It wants to make its own agenda seem inevitable. It wants to crush an incipient populist resistance.
Richard Eskow
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Urgent: Tell Congress To Not Reopen The Wall Street Casino

The Wall Street caucus in Congress is trying to slip a major attack on hard-won financial reforms into a spending bill designed to keep the government running. We're asking people to sign an emergency petition.
Isaiah J. Poole
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Wall Street’s Democrats

America can’t tackle widening inequality without confronting the power and privilege lying behind it. If the Democratic party doesn’t lead the charge, who will?

We Don’t Need More Public Service From Wall Street Bankers

We have a very serious problem of financial regulators who serve Wall Street and not the general public. Our financial regulators have done a terrible job for everyone except the people they are supposed to be regulating.
Dean Baker
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Sorkin’s Attack on Elizabeth Warren Misses the Mark

Sen. Warren needs no help defending herself. Rather, it is Andrew Ross Sorkin's New York Times piece that warrants further examination for its failed arguments and the misplaced intensity of his own emotions.
Richard Eskow
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Revealing Corporate Largesse

Corporations are funneling money to anti-consumer, anti-worker, anti-environment, right-wing governors who work against the interests of their customers and employees.
Jim Hightower
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Geithner and AIG: Hard Lessons From the “Bailout Trial”

AIG's lawsuit, which featured testimony from two former Treasury secretaries, is giving the American people some hard lessons in the workings of the bailout process and the shortcomings of our current economic system.
Richard Eskow
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Seven Revelations From Those Secret Goldman Sachs Tapes

Carmen Segarra was appointed to oversee a sleazy and disreputable institution with a record of bad behavior for which it had recently paid a record fine. That's important to remember when you hear her tapes.
Richard Eskow
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Eric Holder: The Reason Robert Rubin Isn’t Behind Bars

Undoubtedly there are positives to Eric Holder’s tenure as attorney general, but one really big minus is his decision not to prosecute any of the Wall Street crew whose actions helped to prop up the housing bubble.
Dean Baker
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The Myth that Sold the Financial Bailout

Six years ago, Wall Street's giants were falling like dominoes. Henry Paulson and Tim Geithner told Congress that failing to bail them out would lead to a second Great Depression. It was nonsense then. It's even greater nonsense now.
Dean Baker
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Regulators: Mega-Banks Still a Giant Threat

We hear a lot of big talk about how Dodd-Frank has made the financial system safer. It's supposed to protect us from another financial crisis like the one in 2008. But does anybody really believe it? The bank regulators sure don’t.
Lynne Stuart Parramore
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How Big Is a $16 Billion Bank Fraud Settlement, Really?

The numbers that accompany these deal announcements always seem impressive. Compared to the wealth that bank fraud has taken from American households, these settlements are a drop in the ocean.
Richard Eskow
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The President Sounds a Wall Street Warning. And Then … ?

It was good to hear President Obama say that reining in Wall Street’s high-risk behavior is an “unfinished piece of business.” It would be even better if this observation were quickly followed by action.
Richard Eskow
  • 19

The Pillow Book of Tim Geithner

"The Pillow Book of Sei Shōnagon" is considered an invaluable record of a pampered and long-vanished Japanese imperial court. Someday we may look at former Treasury Secretary Tim Geithner's memoir "Stress Test" the same way.
Richard Eskow
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Did Washington Rescue the Wrong Economy?

Two economists make a convincing case that the 2009 recession wouldn't have been any more harmful than previous ones if financial decision-makers had rescued homeowners, rather than only concentrating on bankers.
Richard Eskow
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Ted Kaufman is Angry About Wall Street Injustice. Are You?

Former Sen. Ted Kaufman, one of the great heroes in the fight for financial reform, doesn’t pull any punches in reacting to a report highlighting a lack of zeal in prosecuting Wall Street foreclosure fraud.
Richard Eskow
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