by Zach Carter | Apr 9, 2010 | Blog
The Financial Crisis Inquiry Commission hearings continue to be a broad, boring failure, peppered with a few moments of significant insight. Throughout most of yesterday's hearing featuring the nation's top bank regulator, Comptroller of the Currency John Dugan,...
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...
