Larry Summers for the Fed? Seriously? There are better choices for Federal Reserve chair; in particular, Janet Yellen is more than qualified and would do a great job. Ezra Klein […]
Sheila Bair, the former chair of the Federal Deposit Insurance Corporation and one of the few insider voices of sanity in the midst of the 2008 financial crisis, made the […]
Here’s an economic free-association test. Read the following sentence: The federal government should bail out Detroit city worker’s pensions so that retirees can be paid in full. Some people will […]
In tough times, there’s some good news on the housing front. In slow but meaningful steps around the country, decisionmakers are adopting key elements of the Compact for Home Opportunity, […]
Senator Elizabeth Warren wants to make banking boring again.
Though the Consumer Financial Protection Bureau opened shop almost three years ago, it has yet to be fully functional because of the financial industry lobby and its allies in Congress. […]
Nearly 100 years ago two young Detroit girls visited a now-vanished island park that had a dance pavilion, amusement rides, and swimming, and wrote that they were “having fun” on […]
After 237 years, we’re becoming a colony again. Our nation’s losing the right to self-determination it fought so hard to win, and it’s happening on a scale unseen since the […]
The U.S. Congress votes readily to subsidize the big banks to our peril. The Congress lavishes subsidies to Big Oil to our shame. Congress allows Big Pharma to help health […]
High-profile federal prosecutions of America's hedge fund managers only hint at the crime and ethical misbehavior rampant in America's most rewarding high-finance suites.
Congressional Republicans came to Silicon Valley this week to raise money from CEOs and their companies. They were offering a flat-out quid pro quo: give us money and in exchange […]
A JPMorgan Chase employee stepped onstage at a black-tie gala on Wall Street last week to accept a “best crisis management” award given by an investor relations magazine. The bank, […]
On Wednesday the Senate Finance Committee will hear from Jack Lew, the President nominee for Treasury Secretary. If confirmed, Lew will succeed the controversial Tim Geithner. While Lew would not […]
It’s been 13 days since the Campaign for a Fair Settlement challenged President Obama to use the first 100 days of his term to “fix what Wall Street broke.” Though […]
In Part 1 of this series, I wrote that Republicans who were incensed that President Obama had nothing to say to them in his inaugural address should be far more […]
Senator Jeff Merkley, one of the handful of independent stalwarts on bank reform, today blasted the Attorney General for the Justice Department’s apparent policy of giving big bankers a “get […]
The following was originally published in The Nation. With the election behind us, President Obama and the lame-duck Congress return to Washington to face a fiscal showdown, occasioned by automatic […]
In the words of the old spiritual, “My Lord, what a morning!” Barack Obama’s 2008 campaign was defined by an iconic poster bearing the single word: “Change.” Obama’s victory in […]
Robert Reich has some excellent advice for Vice President Joe Biden, regarding his debate we VP wannabe Rep. Paul Ryan: Don't debate the earnest, affable Paul Ryan who's likely to show up tonight. Debate the right-wing Randian behind those blue eyes.
In his most recent column, Paul Krugman makes a convincing case that the "real referendum" in this election isn't about President Obama's (real or imagined) economic policies, but about the "the legacy of the New D
Here's a new Zen riddle: What is the sound of money not talking?
This week's Public Policy Polling poll showing Republican Sen. Scott Brown opening up a 5-point lead over Consumer Financial Protection Bureau architect Elizabeth Warren will certainly be a wake-up call to her campaign and her supporters. But will she, and we, draw the right lessons?
If a filibuster happens in the forest and no one is told about it, did it really happen? The GOP is said to be ready to filibuster the bill extending jobless benefits today.
The following is an excerpt of an article published by Grist.
The Romney v.
That Gov. Scott Walker survived the recall in Wisconsin is a tragic setback for the stunning citizen’s movement that challenged his extremist agenda in Wisconsin. Its implications are likely to be exaggerated by the right, and underplayed by progressives. Here are some thoughts on its meaning.
At Citigroup, shareholders had their say on CEO pay -- and they yelled, "No damn way!" Concerted action by shareholders, workers and public interest groups compelled corporate change in several other cases this spring as well. At least three CEOs resigned.
JPMorgan Chase’s $2 billion bad bet has made it crystal clear: The Wall Street banksters are still recklessly gambling with government-guaranteed money. And the too-big-to-fail banks are still too big.
A string of surprising 'say on pay' votes has some executive pay critics sensing an impending revolution in corporate boardrooms. But that 'revolution' won't amount to much until mainstream CEO pay reformers start factoring worker pay into the corporate compensation equation.
House Republicans can call their budget a "Path to Prosperity" all they want, but as far as the American Majority is concerned, it's a path to political defeat for the politicians who support it—if progressives make the right arguments in favor of an alternative that grows the economy and protects...
With Michael Winship
So it's down to Romney vs Santorum now. But when when it comes to the 1% it’s really just a one-man race. The difference between Romney and Santorum is that while Romney’s policies benefit only the 1%, Santorum’s policies only benefit the 1%.
Lawmakers make laws. They don't enforce them. Corporate America understands that difference — and exploits it with a relentless regularity. The latest case in point: the battle over outrageous CEO pay.
Thanks to Occupy Wall Street, in the State of the Union this week President Obama struck some of his most populist themes yet.
In America, when gangs of bullies torment school children, pushing them around and extorting their lunch money, parents know only one response effectively counters the abuse: confrontation.
Don't get too distracted by the fissures in the Republican electorate revealed in Tuesday night's Iowa caucus vote. On basic economic issues, in fact, the candidates are remarkably united; there's hardly eight votes worth of difference between Mitt Romney and Rick Santorum.
On Monday, Bank of America (BofA) stocks briefly traded for under $5. Yes, you could buy a share of BofA for less than the noxious debit card fee they tried […]
Today, presidential candidate Mitt Romney outlines his “jobs” plan in USA Today, by asserting that: “All too often … government gets in the way. The past three years of unparalleled […]
With one month to go before the Iowa caucuses, the debate among Republican primary voters for the moment is between Mitt Romney and Newt Gingrich. It would be premature to […]