by Richard Eskow | Oct 8, 2014 | Blog, Financial Reform
A lawsuit currently being tried in the U.S. Court of Federal Claims argues that AIG shouldn’t have been treated any more harshly than Goldman Sachs, Bank of America, or any of the other institutions the government rescued. There’s merit to that argument. It goes on to...
by Richard Eskow | Oct 2, 2014 | Blog, Financial Reform
The secret Goldman Sachs tapes released this week by ProPublica and This American Life are attracting a lot of attention, and rightly so. They were clandestinely recorded by Carmen Segarra, an investigator for the New York Federal Reserve Bank who was eventually fired...
by Dean Baker | Oct 1, 2014 | Economy, Financial Reform
The big news item in Washington last week was Attorney General Eric Holder decision to resign. Undoubtedly there are positives to Holder’s tenure as attorney general, but one really big minus is his decision not to prosecute any of the Wall Street crew whose actions...
by Isaiah J. Poole | Sep 26, 2014 | Blog, Financial Reform
The payday lending industry has up to now escaped comprehensive regulation from the Consumer Financial Protection Bureau, but the agency is currently working to change that – and payday lenders aren't expected to let that happen without a vicious fight. That's why...
by Joshua Holland | Sep 23, 2014 | Financial Reform, Progressive Vision
By Joshua Holland and John Light On Monday, a day after an estimated 300,000 to 400,000 people participated in the People’s Climate March in New York, a smaller group of activists set out to shut down Wall Street. The day began with a festive atmosphere, and ended...
by Dean Baker | Sep 17, 2014 | Financial Reform
Monday marked the sixth anniversary of the collapse of Lehman Brothers. The investment bank’s bankruptcy accelerated the financial meltdown that began with the near collapse of the investment bank Bear Stearns in March 2008 (saved by the Federal Reserve and JPMorgan)...
