Archive
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...
Understanding Why The China Currency Issue Matters
China has been very smart about looking out for its own interests. As a developing country China had natural advantages in selling goods made in China and in attracting manufacturing from other countries. A significant advantage was that their currency was valued very...
In the Dark: A Good Prosecutor Type Would've Pinned Greenspan Down
Alan Greenspan's testimony before the Angelides Commission certainly provided a target-rich environment, as they say in the Pentagon. Unfortunately the Commission missed all its targets, leaving the American public as undefended from financial depradation and ruin as...
Robert Kuttner: The Battle to Save Social Security
10 Questions For John Dugan and John Hawke
The Office of the Comptroller of the Currency (OCC) is the top bank regulatory agency in the United States. It oversees the largest banks in the country, and completely failed to regulate them effectively in the years leading up to the Great Financial Crash of 2008....
Progressive Breakfast - 4/7/2010
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. China Currency Debate Not Done...
Congress Has About One Week To Create More Jobs This Year
When Congress returns from its recess on Monday, it won't have much time if it wants to create more jobs this year. Generally speaking, it takes about six months for increased public investment to make an impact on the economy. So if Congress passed major jobs...
Trading Jobs For Diplomacy?
The Obama administration appears to have backed off from pressuring China to revalue its currency, for now, likely in exchange for diplomatic concessions including helping to pressure Iran on nukes. Chinese currency revaluation is about jobs, because currently China...
10 Questions for Robert Rubin and Chuck Prince
Robert Rubin and Chuck Prince ran the financial giant Citigroup in the years leading up to the Great Financial Crash of 2008. Together, their leadership proved so disastrous that the company was forced to beg for one of the largest bailouts in economic history. Under...
