by Zach Carter | Apr 23, 2010 | Blog, Financial Reform
Sarah Palin's broadside against the Obama administration's Wall Street reform proposal is an interesting study in, well, hackery. One the one hand, her latest Facebook post is a disingenuous smear, loaded with outright lies. On the other, she's kind of onto something,...
by Zach Carter | Apr 22, 2010 | Blog
President Barack Obama identified five major problems on Wall Street in his speech at Cooper Union today. Unfortunately, the solutions he has proposed to these problems either will not work, or are not included in the legislation that passed the Senate Banking...
by Zach Carter | Apr 22, 2010 | Blog
Despite strong rhetoric against aggressive Wall Street lobbying and deceptive Republican attacks, President Barack Obama appears ready to declare victory on a tepid and ineffective financial reform bill. The aims Obama outlined in his April 22 Cooper Union speech are...
by Zach Carter | Apr 20, 2010 | Blog
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...
by Zach Carter | Apr 20, 2010 | Blog
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...
