by Zach Carter | Sep 14, 2010 | Blog, Financial Reform
Sen. Chris Dodd, D-Conn., is grasping at straws to block Elizabeth Warren's nomination as head of the Consumer Financial Protection Bureau. He's making a fool of himself, and hurting his party's political prospects for November. Dodd's latest foray into bank lobby...
by Zach Carter | Sep 9, 2010 | Blog, Financial Reform
1:20 All done. Lesson: Break Up The Banks. ****************** 1:00 Most of the discussion surrounding too-big-to-fail at this hearing has dealt with a relatively short period in time: the decision to bailout a firm, and what happened right after that decision. This is...
by Zach Carter | Sep 9, 2010 | Blog, Financial Reform
Last week, Federal Chairman Ben Bernanke finally acknowledged that his preferred "solution" for ending Too-Big-To-Fail is likely unworkable. When the financial crisis exploded in 2008, top Fed and Treasury officials insisted that they did not have the legal authority...
by Richard Eskow | Sep 7, 2010 | Blog, Financial Reform
Peter Orszag's maiden voyage as a New York Times columnist resonates with twenty years of failed economic policy. It's a grab bag of Robert Rubin's Greatest Hits, remixed by a younger DJ for new audiences. It's all there: The mythologizing of the markets. The...
by Zach Carter | Aug 30, 2010 | Blog, Financial Reform
A lot of CNBC anchors do not seem to understand how regulation works. In fact, it seems like the network's anchors don't really get how competition works. If you've tuned into the business channel this summer, chances are you've heard its anchors pushing the...
by Richard Eskow | Aug 4, 2010 | Blog, Financial Reform, Making it in America
Picture this: You're lying in the dark with a broken leg. Somebody comes by every couple of days to give you water and a little food, but you're wasting away. Suddenly a figure appears holding a candle. In the flickering light we see Tim Geithner's face. "Hey, there!"...
