The first panel to testify on Wednesday before the Financial Crisis Inquiry Commission features a who’s who of high financial crimes and misdemeanors. Here’s the lineup. more »
Every once in a long while a commission can change America. The 1954 Army-McCarthy hearings destroyed Senator Joe McCarthy by revealing his out-right viciousness and insincerity through the new media of television. The Watergate hearings helped to bring down a president. more »
online.wsj.com — Right now, it might be the Republicans who seize the opportunity to capture public outrage by denouncing concentrated economic power, insisting on holding big business accountable, and promising to settle scores with the nation's erstwhile financial rulers. It will be the greatest burst of fake populism in a decade, but Democrats will find it hard to respond in kind.
How ironic that President Obama’s jobs summit should be scheduled on the same date (Thursday, December 3) that the Senate Banking Committee has scheduled the reconfirmation hearing of Federal Reserve Chairman, Ben Bernanke. more »
The Financial Crisis Inquiry Commission, the panel created by Congress to investigate the causes of last year's financial market meltdown, held its inaugural meeting September 17 as the nation observed the one-year anniversary of the nadir of the Wall Street economic collapse. more »
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Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world, ....The best lack all conviction, while the worst Are full of passionate intensity. Surely some revelation is at hand
Last week, I wrote about workers who were fighting back against Wells Fargo after the bank cut off credit to Quad City Die Casting factory on Moline, Ill., causing the factory to close. more »
If we didn't live in the world we actually live in, putting Wall Street reform on hold until we fix the immediate problems with the banks might make sense. But in the world we do live in, it is precisely because the banks have an immediate problem that there is some hope of reining them in. Here's why putting that off would lead to failure.
Dean Baker has expertly provided the economic case for ending taxpayer-funded bailouts for Wall Street. But, as we all know, just because something makes sound economic sense does not mean Congress or the White House will change course.
Let's take Treasury Secretary Timothy Geithner at his word. If the banks are strong enough to get through the downturn, then can we end the taxpayer bailouts that were supposedly necessary to keep them afloat?
(This is the first in a series of guest posts on issues that will be addressed at the America's Future Now! conference June 1-3 in Washington.)
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If we didn't live in the world we actually live in, putting Wall Street reform on hold until we fix the immediate problems with the banks might make sense. But in the world we do live in, it is precisely because the banks have an immediate problem that there is some hope of reining them in. Here's why putting that off would lead to failure.
