The chattering classes are fascinated by the Republicans’ internecine battle to redefine the party in the wake of the George W. Bush calamity and the Mitt Romney defeat.
Write a cookbook, go to jail? David Dayen points out the absurdity and hypocrisy behind the Obama/Holder Justice Department’s decision to indict two stars of “The Real Housewives of New […]
It’s a real-life disaster movie, one that’s left neighborhoods in ruins all across the country, killed thousands of people, and ruined millions of lives. You might call it a “Banknado.” Yes, we know the “Sharknado” craze ended about ten days […]
Whoever said, “What you don’t know can’t hurt you” doesn’t know much about economics. That goes double for the nomination of Lawrence Summers to head the Federal Reserve. For all […]
Larry Summers for the Fed? Seriously? There are better choices for Federal Reserve chair; in particular, Janet Yellen is more than qualified and would do a great job. Ezra Klein […]
Sheila Bair, the former chair of the Federal Deposit Insurance Corporation and one of the few insider voices of sanity in the midst of the 2008 financial crisis, made the […]
Here’s an economic free-association test. Read the following sentence: The federal government should bail out Detroit city worker’s pensions so that retirees can be paid in full. Some people will […]
In tough times, there’s some good news on the housing front. In slow but meaningful steps around the country, decisionmakers are adopting key elements of the Compact for Home Opportunity, […]
Senator Elizabeth Warren wants to make banking boring again.
Though the Consumer Financial Protection Bureau opened shop almost three years ago, it has yet to be fully functional because of the financial industry lobby and its allies in Congress. […]
Nearly 100 years ago two young Detroit girls visited a now-vanished island park that had a dance pavilion, amusement rides, and swimming, and wrote that they were “having fun” on […]
After 237 years, we’re becoming a colony again. Our nation’s losing the right to self-determination it fought so hard to win, and it’s happening on a scale unseen since the […]
The U.S. Congress votes readily to subsidize the big banks to our peril. The Congress lavishes subsidies to Big Oil to our shame. Congress allows Big Pharma to help health […]
High-profile federal prosecutions of America's hedge fund managers only hint at the crime and ethical misbehavior rampant in America's most rewarding high-finance suites.
Congressional Republicans came to Silicon Valley this week to raise money from CEOs and their companies. They were offering a flat-out quid pro quo: give us money and in exchange […]
A JPMorgan Chase employee stepped onstage at a black-tie gala on Wall Street last week to accept a “best crisis management” award given by an investor relations magazine. The bank, […]
On Wednesday the Senate Finance Committee will hear from Jack Lew, the President nominee for Treasury Secretary. If confirmed, Lew will succeed the controversial Tim Geithner. While Lew would not […]
It’s been 13 days since the Campaign for a Fair Settlement challenged President Obama to use the first 100 days of his term to “fix what Wall Street broke.” Though […]
In Part 1 of this series, I wrote that Republicans who were incensed that President Obama had nothing to say to them in his inaugural address should be far more […]
Senator Jeff Merkley, one of the handful of independent stalwarts on bank reform, today blasted the Attorney General for the Justice Department’s apparent policy of giving big bankers a “get […]