by Robert Reich | Jul 20, 2015 | Blog, Economy, Financial Reform
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, engineered by Goldman’s current CEO, Lloyd...
by Cormac Close | Jul 14, 2015 | Financial Reform
For Djuan, it all began when he left his job at the Los Angeles Film School to go take care of his ailing mother in Wichita, Kansas. When she died last March, he had no job or income, and the bills were piling up. That’s when he turned to a payday lender for help. “I...
by Cormac Close | Jul 13, 2015 | Blog, Financial Reform
Republicans on the House Financial Services Committee last Thursday celebrated the fifth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act by inviting a panel of handpicked experts to parrot the view that the act has been catastrophic for...
by Cormac Close | Jul 8, 2015 | Blog, Financial Reform
After a spate of Atlantic shark attacks captured the news, Discovery Channel’s much anticipated Shark Week could not be more timely. Watchers will eagerly devour information on all types of sharks, from the docile whale shark to the infamous Great White. But the...
by Isaiah J. Poole | Jul 6, 2015 | Economy, Financial Reform, Greek Crisis
Now that the Greek populace has spoken with a firm voice against the austerity policies being imposed on the country by Europe's financial leaders, it's time for President Obama and Congress to stand firm with the Greek people. A petition calling on our political...
by Dave Johnson | Jul 1, 2015 | Blog, Financial Reform, Greek Crisis
The job of a lender is to evaluate risk and price a loan accordingly. If there is risk you charge a higher interest rate. That way you still make money on a broad portfolio of loans even when there are a few defaults. That's the job of a banker, supposedly. It's what...
