Archive
The Real Lehman Lesson: Break Up The Banks
Tuesday's hearing on Lehman Brothers' now infamous Repo 105 scam was only tangentially related to the megabank's accounting deceptions and subsequent collapse. That story is simple: Lehman almost certainly committed fraud, regulators failed to stop it, and many of the...
Tough Times for the Tea Party?
We are a fickle people, ruled by a fickle media. It's astonishing how much national opinion can change in just a week or two. And if you don't believe me, just ask the Tea Party. They've had a rough couple of weeks. To summarize just some of the ongoing catastrophe: *...
Liveblogging The Lehman Brothers Hearing
11:05 Rep. Anna Eshoo is laying out the case against Lehman. The company engineered a host of sham transactions to temporarily reduce the company's massive leverage levels. Top-level management knew the transactions were totally meaningless, but engaged in them to...
'The Hill' Goes to Bat for Payday Lenders
The Hill published a truly outrageous op-ed yesterday by a payday lending front group, and didn't bother to tell their readers their publication was providing a platform for a predatory hatchet-woman. The post is here. It's an open assault on the very idea of consumer...
'Virtual Summit On Fiscal Responsibility' Launched: Add Your Voice
Next week, fiscal conservatives in both parties will be dominating the airwaves even more than they have been with their calls for a style of "fiscal discipline" that is designed to impose pain on those who are least capable of bearing it—the elderly, the poor, the...
Progressive Breakfast: Can the GOP Filibuster Bank Reform?
Each morning, Bill Scher and Terrance Heath serve up what progressives need to affect change on the kitchen-table issues families face: jobs, health care, green energy, financial reform, affordable education and retirement security. How Unified Is The GOP's Unified...
Progressive Breakfast: Reform Gets Derivative
Each morning, Bill Scher and Terrance Heath serve up what progressives need to affect change on the kitchen-table issues families face: jobs, health care, green energy, financial reform, affordable education and retirement security. Goldman Fraud Case Puts Spotlight...
Progressive Breakfast - 4/20/2010
Each morning, Bill Scher and Terrance Heath serve up what progressives need to affect change on the kitchen-table issues families face: jobs, health care, green energy, financial reform, affordable education and retirement security. How Unified Is The GOP's Unified...
The Case for a Constitutional Visionary
The conventional wisdom is that President Obama’s nominee to replace retiring Justice John Paul Stevens won’t change the Supreme Court much, since Justice Stevens is part of the Court’s progressive wing and President Obama’s choice is likely to be of a similar stripe....
There's a New AIG Story. I Was an AIG Exec. Here's the Deal.
It's looking like the SEC/Goldman Sachs lawsuit could open up a whole new can of worms, one that Tim Geithner and some bank executives aren't likely to be very happy about. The story's about AIG and I used to work there so, as much as I like to stay out of the story,...
