by Zach Carter | May 3, 2010 | Blog, Financial Reform
Despite all of the attention heaped on the Treasury Department and the Troubled Asset Relief Program, the Federal Reserve served as the chief bank bailout engine in the U.S. economy during the . But unlike the Treasury, the Fed isn't subject to basic government...
by Zach Carter | Apr 29, 2010 | Blog, Financial Reform
Today is the big day: thousands of people will march on Wall Street this afternoon to protest big bank abuses. After watching Wall Street stack the economic deck against, well, just about everybody, it's time for reform. Big Banks secured the most generous bailout in...
by Zach Carter | Apr 27, 2010 | Blog
10:00 Goldman Sachs CEO Lloyd Blankfein won't appear before Levin's committee until this afternoon, but his written testimony is here: http://hsgac.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=c5099cfc-f6f9-41cb-ad11-aac3dab82fe0 So is that of...
by Zach Carter | Apr 27, 2010 | Blog, Financial Reform
Last night, Senate Republicans proved beyond any doubt that when it comes to the economy, they stand with Wall Street and against everybody else. Joined by lone Democrat Sen. Ben Nelson (D-NE), Republicans successfully filibustered the procedural technicality of...
by Zach Carter | Apr 26, 2010 | Blog, Financial Reform
Last week, Larry Summers, the top economic adviser to President Barack Obama, gave a startlingly dishonest interview with PBS Newshour's Jeffrey Brown. When asked directly why the White House was not pushing to break up the nation's largest banking behemoths, Summers...
