by Zach Carter | Apr 7, 2010 | Blog
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...
by Zach Carter | Apr 7, 2010 | Blog
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....
by Zach Carter | Apr 6, 2010 | Blog
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...
by Zach Carter | Apr 2, 2010 | Blog
I rarely accuse Paul Krugman of failing to think clearly, but he's missed the mark with his his argument against breaking up the U.S. too-big-to-fail financial oligarchy. Here's Krugman's core objection: Breaking up big banks wouldn't really solve our problems,...
by Zach Carter | Apr 2, 2010 | Blog
The latest letter from J.P. Morgan Chase CEO Jamie Dimon to his company’s shareholders is a deliberate effort to obfuscate his own bank’s rapaciousness and deflect attention from the enormous sums it has spent lobbying against financial reform. But despite the bank’s...
