Archive
Why Is It So Hard To Hold Wall Street Accountable?
The Financial Crisis Inquiry Commission hearings continue to be a broad, boring failure, peppered with a few moments of significant insight. Throughout most of yesterday's hearing featuring the nation's top bank regulator, Comptroller of the Currency John Dugan,...
Progressive Breakfast - 4/9/2010
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. Citigroup Testimony Highlights Need...
Is China Trading Fair? CAF v. CATO on CNBC
Liveblogging Dugan's Appearance at the Financial Crisis Inquiry Commission
A grotesque deception from Dugan's opening statement: "The rapid increase in market share by these unregulated brokers and originators put pressure on regulated banks to lower their underwriting standards, which they did, though not to the same extent as was true for...
John Dugan is Still Not Telling the Truth About Bank Predation
The top U.S. bank regulator, John Dugan, hasn't even started testifying before the Financial Crisis Inquiry Commission, but he's already spinning deceptions. Dugan worked as a bank lobbyist for years before being appointed to his current job by President George W....
U.S. Trade deficits with China since 2001
In 2005, China incrementally budged its currency after heavy pressure from the U.S. The move was expected to "trim the trade gap" between the two countries. Unfortunately, that didn't happen, as annual trade figures from the Census Bureau demonstrate: 2009 $226.8...
Liveblogging the Financial Hearings: The Prince and the King
(we're liveblogging the Financial Reform hearings. Come view the live feed here) 9:20 am Here in the Rayburn building Robert Rubin, the onetime King of American financial policy, is lecturing the Financial Commission on what he believes are the causes of the financial...
Progressive Breakfast - 4/8/2010
WH Begins To Draw Lines On Wall Street Reform WH says it will fight bank lobby attempts to weaken Wall Street reform. W. Post: "[Dep. Sec. Neal] Wolin added that the administration would oppose efforts to provide exemptions for certain kinds of lenders. Regulatory...
Break up the Big Banks
Naked Capitalism posts a great blog from George Washington of the Washington Blog arraying the authorities who have now come out for breaking up the big banks. Everyone from small bankers to the Bank of International Settlements, the central bankers' centeral bank....
Finally! The SEC Charges a Big Bank With Fraud
Finally! Nearly two years after one of the worst financial crashes in history—and nearly three years after the crisis broke out—the SEC has charged a major bank with accounting fraud. On Wednesday, the SEC charged Regions Financial subsidiary Morgan Keegan with...
