by Thom Hartmann | Nov 21, 2013 | Economy, Financial Reform
On Tuesday, the Justice Department announced that JPMorgan has agreed to a $13 billion dollar settlement over the fraudulent sale of mortgage-backed securities. But, that settlement is a fraud in and of itself. Four billion dollars of that figure was actually part...
by Robert Borosage | Nov 15, 2013 | Conservatism, Economy, Financial Reform
Turning and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the center cannot hold – William Butler Yeats Washington is frozen even before winter, with the fierce Tea Party resistance to President Obama’s re-election producing...
by Richard Long | Nov 13, 2013 | Financial Reform
Sen. Elizabeth Warren, D-Mass., says that the problem of “too-big-to-fail” financial institutions has only gotten worse in the years since Congress passed financial reform legislation. That's why she is calling on activists to step up the pressure on Congress to pass...
by Richard Eskow | Oct 31, 2013 | Financial Reform
The Senate’s role in presidential nominations is usually described as “advise and consent,” not “obstruct and prevent.” And yet, continuing their extreme break with past Senatorial traditions and practice, Senate Republicans rejected another Presidential nomination on...
by Sam Pizzigati | Sep 24, 2013 | Financial Reform
The CEO pay debate inside the Securities and Exchange Commission’s Washington, D.C. headquarters last week generated wild rhetoric — and a solid step toward CEO pay transparency. Watching grown men fulminate in public can be an unnerving experience. Michael Piwowar...
by Dean Baker | Sep 9, 2013 | Economy, Financial Reform
All knowledgeable D.C. types know that the TARP and Fed bailout of Wall Street banks five years ago saved us from a second Great Depression. Like most things known by knowledgeable Washington types, this is not true. Just to remind folks, the Wall Street banks were on...
