by Cormac Close | Aug 17, 2015 | Financial Reform
Symphony, a planned chat system being developed on behalf of Wall Street's biggest institutions, has a ton of fancy new features. You can personalize filters, share trading algorithms, prevent “government spying,” and much, much more! Wait, about that last one.... Are...
by Cormac Close | Aug 14, 2015 | Conservatism
Governors are proud of their balanced budgets. If you drank a shot every time one was mentioned in that August 6 Fox News GOP debate, you would have been in for a painful Friday. Of course, every state’s constitution (save Vermont’s) requires a balanced budget. The...
by Cormac Close | Aug 13, 2015 | Tax Reform
At 35 percent, the U.S. corporate income tax is technically among the highest in the world. In practice, corporations pay a small fraction of that, and some pay no taxes at all. Corporations will do everything under the law to reduce their tax bill, and often this...
by Cormac Close | Aug 3, 2015 | Financial Reform
On June 28, the Governor of Puerto Rico told the world that the island’s debts are not payable. “It’s not politics” he told the New York Times, “It’s math.” Like many impoverished debtors, Puerto Rico chose to live beyond its means not because of greed but because it...
by Cormac Close | Jul 23, 2015 | Blog, Financial Reform
[fve]https://youtu.be/3foBrqHVCOo[/fve]In this video, Sen. Elizabeth Warren (D-Mass.) reviews the state of the Dodd-Frank financial reform bill after five years and the record of the Consumer Financial Protection Bureau. Republicans have done their best to prevent the...