by Richard Eskow | Feb 2, 2011 | Blog, Financial Reform
The collapse of Afghanistan's largest bank will seem familiar to Americans, and so will the upcoming reports of its bailout. We've heard the story before: Unheeded warnings. Lax (or nonexistent) law enforcement. An American auditor who said nothing as the books...
by Richard Eskow | Jan 28, 2011 | Blog, Financial Reform
It's on. The Financial Crisis Inquiry Commission released its report today, and it's already under attack by the Four Horsemen of the Economic Apocalypse: the Ideologue, the Lobbyist, the Think-Tanker, and the Politician. We've already seen the Maestro transformed...
by Richard Eskow | Jan 28, 2011 | Blog, Financial Reform
The Financial Crisis Inquiry Commission's report couldn't come at a better time. At a moment when it seems that Washington would rather forget what happened two years ago, it documents the opportunism, bad judgment, and criminality that crashed the world's economy...
by Mary Bottari | Jan 27, 2011 | Blog, Financial Reform
In a response to the Financial Crisis Inquiry Commission releasing its final report on the financial crisis today, the U.S. Chamber of Commerce pitched a hissy fit calling the report an "abuse of the process" that would create "job-killing lawsuits." (So much for the...
by Richard Eskow | Jan 25, 2011 | Blog, Financial Reform
Tonight the President gives his State of the Union address, followed by the Republican response from Rep. Paul Ryan. There'll be a lot of talk about the economy: jobs, taxes, deficits, and the state of American business. If you find that your mind's getting lost in...
by Terrance Heath | Jan 24, 2011 | Blog, Financial Reform
Two years into his first term, President Obama can claim credit for two passing historic reforms — health care reform and financial reform. However, both were merely a beginning — a first step toward real reform — and fell far short of addressing effectively the...
