Instead of moving forward with breaking up too-big-to-fail banks, we're having a debate over whether "too big to fail" is even a thing. If the debate seems complicated, maybe some people want it that way. But it's not.
Even though it’s an excellent idea championed by a major candidate, a financial transactions tax isn’t being discussed this election year because Wall Street won’t abide it.
Porter McConnell, the director of the Financial Transparency Coalition, discusses the amount of money hidden in shell companies and how the next president of the United States could address the issue in this Burning Issues video.
$5.1 billion with Goldman Sachs, $1.2 billion with Wells Fargo – how many settlements will it take to convince some fact-resistant pundits and politicians that there is an epidemic of fraud on Wall Street?
In spite of Florida's problems with payday lenders, Rep. Debbie Wasserman Schultz, a Florida Democrat and chair of the Democratic National Committee, is fighting, not helping, efforts to to rein them in. Here's how she's being exposed.
Tom Cardamone, managing director of Global Financial Integrity, discusses the Panama Papers and the ramifications of having so much of the world's wealth hidden in offshore tax havens in this Burning Issues video.
The Consumer Financial Protection Bureau is the only federal agency out to protect the financial interests of American consumers. Naturally, big money interests want to shut it down. A new campaign says, “Not without a fight.”
The disclosure of records from Panama's Mossack Fonesca offers a wider view into the world of shadowy shell companies used by the wealthy to hide wealth. Legislation awaits action in Congress that would help address this issue.
Banking is a competitive business run by competitive people. Fraud isn't just a sideline. It gives bankers a much-needed edge. Play by the rules? For bankers, Rule #1 is “win at any cost.”
Debbie Wasserman Schultz's advocacy for payday lenders forces a defining question for fellow Democrats: Are you with the financial superpredators that besiege poor communities or with people trying to bring them to heel?
A new organization, Bank Whistleblowers United, calls on candidates to not take contributions from financial companies that have engaged in fraud and to commit to a set of actions that will "restore the rule of law" on Wall Street.
Getting the names and faces of hedge fund billionaires before the public can help us tell a vivid story of what’s gone wrong with our economy and our politics — and help us build a movement to slice away at that billionaire power.
People are questioning Hillary Clinton over millions in speaking fees and contributions from Wall Street. There are specific steps she can take now, and pledges she can make about what she will do if elected. Will she?
A panel that included Sen. Elizabeth Warren and Phil Angelides, the chairman of the Financial Crisis Inquiry Commission, concluded that we need to do much more to make another financial crash less likely.
The Department of Justice has yet to hold a single senior Wall Street executive accountable for wrongdoing during the financial crisis. But there is still time to prosecute crimes that led to the 2008 financial crisis.
"The Big Short" -- Adam McKay's movie, based on Michael Lewis book about the housing and credit bubble that triggered the Great Recession -- shows why Bernie Sanders's plan to break up big banks and reinstate Glass-Steagall is necessary.
After watching "The Big Short" and talking to viewers, it’s hard to argue against Democratic presidential candidate Bernie Sanders’ demands to increase taxes on the billionaires and break up the banks.
"Under my administration, Wall Street CEOs will no longer receive a get-out-of jail free card," Sanders says just blocks from Wall Street. "Big banks will not be too big to fail. Big bankers will not be too big to jail."
Martin Shkreli, the former hedge-fund manager turned pharmaceutical CEO who was arrested last week, has been described as a sociopath. In reality, he’s a brasher version of what others in finance and corporate suites do all the time.
With a Republican Congress, every budget battle is about ratcheting down the things our government does to make our lives better. This year was no exception. But We the People got some things out of the bargaining.
In the last Democratic debate, Hillary Clinton accused Bernie Sanders of impugning her integrity by raising her support from Wall Street bankers. But it isn't Bernie who is doing the impugning, it's her Wall Street donors themselves.
What does a banking law passed 75 years ago and repealed 16 years ago have to do with the 21st century economy? As it turns out, a lot – and thus it became a major issue in Saturday's Democratic presidential debate.
As long as the big corporations, Wall Street banks, their top executives and wealthy shareholders have the political power to do so, they’ll keep redistributing much of the nation’s income upward to themselves.
We have millions of "unbanked" Americans. The U.S. Postal Service needs to expand its services. Postal banking is an idea whose time has come, and Bernie Sanders is highlighting his support.
Which Democratic candidate will take on the banks? They all have proposals that increase regulation and likely break up the biggest banks. But will their administrations enforce those as well as existing regulations if elected?
The driving motivation of a bill with the innocuous title of the ""Financial Product Safety Commission Act" is not "financial product safety," but the crippling of the Consumer Financial Protection Bureau.
Several groups are sounding the alarm about new nominees to the U.S. Postal Service Board of Governors. One is a notorious privatizer, another a payday lender lobbyist.
This week's statement that the Justice Department will seek prosecutions of individual bankers engaged in fraud promises to reverse its greatest strategic failure against elite white-collar crime.
Paying to get good behavior would reward bad behavior, completely absolving CEOs and wealthy shareholders of their guilt in creating today’s gross inequality.
Former right-wing senator Phil Gram seems to have developed a new empathy for people who are demonized. He turned up on Capitol Hill recently, wailing that overpaid corporate chieftains are actually — get this — victims of public bigotry.
"Symphony" is a chat system that claims it would would prevent government spying for Wall Street. This is why it's important to ask exactly what that means.
America’s parasitical oligarchs are masters of public relations. One of their favorite tactics is to masquerade as defenders of the common folk while neatly arranging things behind the scenes so that they can continue to plunder unimpeded.
Because Congress won’t let Puerto Rico declare bankruptcy, the island’s creditors need to come to terms with the futility of austerity and accept that their money is not coming back.
Hillary Clinton has opened a "conversation" about what she calls "quarterly capitalism," the perverse incentives that lead corporations to focus on the short-term over the long. Her reforms, however, don't match her rhetoric
While Republicans do everything they can to cripple regulators, the Consumer Financial Protection Bureau knows no restraints. As a result, it actually does its job.
The SEC’s pay-ratio disclosure rules have been held up by commissioners who believe CEO pay has nothing to do with the financial crisis. This could not be farther from the truth.
The say-on-pay provision in the Dodd-Frank financial reform bill is not having the impact its advocates had hoped for. Five years later, executive pay packages are the highest they have ever been.
Dodd-Frank was an attempt to make sure executives could not profit from cooking the books, but unless the SEC cracks down on accounting fraud, executives still have every incentive to fire up their burners.
Today is the fifth anniversary of the passage of Dodd-Frank, the complicated legislation designed to reform Wall Street after it blew up the economy. With finance still bloated, much more needs to be done.
The Greek debt crisis offers another illustration of Wall Street’s powers of persuasion and predation, although the Street is missing from most accounts. The crisis was exacerbated years ago by a deal with Goldman Sachs.