by Zach Carter | Jul 7, 2010 | Blog, Financial Reform
When the nation's most prestigious investment banks found themselves on the verge of total annihilation in the fall of 2008, the most radical and effective government response was not the infamous $700 billion Troubled Asset Relief Program. The wildest salvation...
by Zach Carter | Jul 6, 2010 | Blog, Financial Reform
Heavy-hitting Wall Street political donors are withholding their money from the Democratic Party's campaign coffers, according to a Washington Post report making the rounds on Capitol Hill today. In a political environment in which almost no group is as publicly...
by Zach Carter | Jul 1, 2010 | Blog, Financial Reform
Sen. Russ Feingold, D-Wis., is defending his decision to vote against the Wall Street reform bill on the grounds that it is simply too weak to prevent future crises, and Tim Fernholz is crying foul. On policy substance, Feingold is undoubtedly correct. From Feingold:...
by Zach Carter | Jun 25, 2010 | Blog, Financial Reform
Members of Congress finished ironing out their differences on Wall Street reform last night, and the resulting bill deserves unequivocal support from progressives and conservatives alike. But while the final package is a necessary first step to overhauling the...
by Zach Carter | Jun 23, 2010 | Blog, Financial Reform
Astonishingly, as Wall Street reform enters its final hours a tired, generic corporate refrain against regulation is gaining traction. As bigwig bankers and their lobbyist brethren fight to defeat tough new rules on derivatives—the crazy casino that brought down...
by Zach Carter | Jun 23, 2010 | Blog, Financial Reform
A coalition of conservative New Democrats, whose leader is being investigated by a Congressional ethics committee over Wall Street fundraising, has officially come out in favor of gutting financial reform. The issue they've targeted: derivatives, the most closely...
