by Richard Eskow | Nov 26, 2014 | Blog, Financial Reform
It's been a grim period for American justice. Despite compelling evidence of widespread bank fraud in the run-up to the 2008 financial crisis – and despite all those billion-dollar settlements – prosecutors have not indicted executives at any major U.S. bank. This...
by Richard Eskow | Nov 21, 2014 | Blog, Financial Reform
Lately Sen. Elizabeth Warren has been talking about President Obama's economic appointees – and it sounds like she's pretty fed up. Consider these words, from a Huffington Post essay she published earlier this week: “I believe President Obama deserves deference in...
by Isaiah J. Poole | Nov 19, 2014 | Financial Reform
Little-noticed articles in The New York Times and the Wall Street Journal in the past month disclosed that private equity firms – notorious for taking over companies and stripping them of jobs and investment to maximize profit for the private equity partners – are...
by Dave Johnson | Nov 12, 2014 | Blog, Financial Reform
The 2010 Dodd-Frank law required the Securities and Exchange Commission to write "clawback" rules that make CEOs return compensation they receive when the money is earned through accounting gimmicks and not through actual performance. The SEC still has not done this....
by Richard Eskow | Oct 21, 2014 | Blog, Financial Reform
The head of one of Wall Street’s most important regulatory agencies argued recently that big-bank CEOs never intended to break the law or engage in foreclosure fraud. Instead, Thomas Curry of the Office of Comptroller of the Currency tells us they weren't cautious...
by Jim Hightower | Oct 8, 2014 | Financial Reform, Progressive Vision
Some people have a recurring nightmare of rising to give a speech, but realizing they know nothing about the topic — and then discovering they’re naked. It turns out that corporations also have such nightmares. OK, corporations aren’t people, no matter what the...
