by Zach Carter | Apr 8, 2010 | Blog
A grotesque deception from Dugan's opening statement: "The rapid increase in market share by these unregulated brokers and originators put pressure on regulated banks to lower their underwriting standards, which they did, though not to the same extent as was true for...
by Zach Carter | Apr 8, 2010 | Blog
The top U.S. bank regulator, John Dugan, hasn't even started testifying before the Financial Crisis Inquiry Commission, but he's already spinning deceptions. Dugan worked as a bank lobbyist for years before being appointed to his current job by President George W....
by Steven Capozzola | Apr 8, 2010 | Blog
In 2005, China incrementally budged its currency after heavy pressure from the U.S. The move was expected to "trim the trade gap" between the two countries. Unfortunately, that didn't happen, as annual trade figures from the Census Bureau demonstrate: 2009 $226.8...
by Richard Eskow | Apr 8, 2010 | Blog
(we're liveblogging the Financial Reform hearings. Come view the live feed here) 9:20 am Here in the Rayburn building Robert Rubin, the onetime King of American financial policy, is lecturing the Financial Commission on what he believes are the causes of the financial...
by Robert Borosage | Apr 8, 2010 | Blog
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....
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...
