Wall Street Moves In For The Kill

Wall Street isn't just trying to get another friend into a powerful position and win back taxpayer guarantees. It wants to make its own agenda seem inevitable. It wants to crush an incipient populist resistance.
Richard Eskow

Urgent: Tell Congress To Not Reopen The Wall Street Casino

The Wall Street caucus in Congress is trying to slip a major attack on hard-won financial reforms into a spending bill designed to keep the government running. We're asking people to sign an emergency petition.
Isaiah J. Poole

Wall Street’s Democrats

America can’t tackle widening inequality without confronting the power and privilege lying behind it. If the Democratic party doesn’t lead the charge, who will?

We Don’t Need More Public Service From Wall Street Bankers

We have a very serious problem of financial regulators who serve Wall Street and not the general public. Our financial regulators have done a terrible job for everyone except the people they are supposed to be regulating.
Dean Baker

Sorkin’s Attack on Elizabeth Warren Misses the Mark

Sen. Warren needs no help defending herself. Rather, it is Andrew Ross Sorkin's New York Times piece that warrants further examination for its failed arguments and the misplaced intensity of his own emotions.
Richard Eskow

Revealing Corporate Largesse

Corporations are funneling money to anti-consumer, anti-worker, anti-environment, right-wing governors who work against the interests of their customers and employees.
Jim Hightower

Geithner and AIG: Hard Lessons From the “Bailout Trial”

AIG's lawsuit, which featured testimony from two former Treasury secretaries, is giving the American people some hard lessons in the workings of the bailout process and the shortcomings of our current economic system.
Richard Eskow

Seven Revelations From Those Secret Goldman Sachs Tapes

Carmen Segarra was appointed to oversee a sleazy and disreputable institution with a record of bad behavior for which it had recently paid a record fine. That's important to remember when you hear her tapes.
Richard Eskow

Eric Holder: The Reason Robert Rubin Isn’t Behind Bars

Undoubtedly there are positives to Eric 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 helped to prop up the housing bubble.
Dean Baker

The Myth that Sold the Financial Bailout

Six years ago, Wall Street's giants were falling like dominoes. Henry Paulson and Tim Geithner told Congress that failing to bail them out would lead to a second Great Depression. It was nonsense then. It's even greater nonsense now.
Dean Baker

Regulators: Mega-Banks Still a Giant Threat

We hear a lot of big talk about how Dodd-Frank has made the financial system safer. It's supposed to protect us from another financial crisis like the one in 2008. But does anybody really believe it? The bank regulators sure don’t.
Lynne Stuart Parramore

How Big Is a $16 Billion Bank Fraud Settlement, Really?

The numbers that accompany these deal announcements always seem impressive. Compared to the wealth that bank fraud has taken from American households, these settlements are a drop in the ocean.
Richard Eskow

The President Sounds a Wall Street Warning. And Then … ?

It was good to hear President Obama say that reining in Wall Street’s high-risk behavior is an “unfinished piece of business.” It would be even better if this observation were quickly followed by action.
Richard Eskow

The Pillow Book of Tim Geithner

"The Pillow Book of Sei Shōnagon" is considered an invaluable record of a pampered and long-vanished Japanese imperial court. Someday we may look at former Treasury Secretary Tim Geithner's memoir "Stress Test" the same way.
Richard Eskow

Did Washington Rescue the Wrong Economy?

Two economists make a convincing case that the 2009 recession wouldn't have been any more harmful than previous ones if financial decision-makers had rescued homeowners, rather than only concentrating on bankers.
Richard Eskow

Ted Kaufman is Angry About Wall Street Injustice. Are You?

Former Sen. Ted Kaufman, one of the great heroes in the fight for financial reform, doesn’t pull any punches in reacting to a report highlighting a lack of zeal in prosecuting Wall Street foreclosure fraud.
Richard Eskow

How To Neutralize The Wall Street Zombies

A star on the hit "The Walking Dead" and four other film stars collaborate with director David Yates on a short film that takes viewers into a future in which a financial transaction tax is a reality.
Derek Pugh

Post Office Banking Could Be the Start of Something Big

With one in four American households underserved by the current banking system, and with the U.S. Post Office in search of more revenue, why not use the postal system to offer banking services to lower-income households?
Richard Eskow

On Wall Street, Sounds of Silence From the President

How did Tuesday night’s State of the Union speech resonate on Wall Street? Sometimes the old saying is literally true: Silence is golden. Perhaps that’s not surprising. But the nation deserved better.
Richard Eskow

Defining a Daring New Standard for Fair Pay

A new Toronto-based campaign is aiming to change the global conversation on CEOs, workers and labor's real value, certifying enterprises that pay their top execs no more than eight times their lowest-paid workers.

How Wall Street Won the War (And What Happens Next)

Politico reported recently that "Washington went to war against big Wall Street banks" and "Washington won in a blowout." If the banks are losing a war, every conqueror since Genghis Khan would be glad to do the same.
Richard Eskow
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