by Zach Carter | Jun 3, 2010 | Blog, Financial Reform
It's an interesting time to be a progressive in the United States. In many ways, the election of President Barack Obama represented a logical, if improbable, end to the era of phony Reaganomics and demonization politics. But the Obama presidency has been a serious...
by Zach Carter | Jun 2, 2010 | Blog, Financial Reform
Today's Financial Crisis Inquiry Commission hearing on credit rating agencies promises to shed quite a bit of light on one of the most profitable and corrupt businesses in Corporate America. Rating agencies score huge profits regardless of how accurate their ratings...
by Zach Carter | May 26, 2010 | Blog, Financial Reform
It's been apparent for several weeks that the largest U.S. banking behemoths will remain as big and dangerous as they are today once President Barack Obama signs off on the Wall Street reform bill. But individual oversized banks are not the only problem Big Finance...
by Zach Carter | May 21, 2010 | Blog, Financial Reform
Thursday night's passage of Wall Street reform by the U.S. Senate is an event to be celebrated, but several key issues remain in play as the House and Senate seek to iron out differences between their respective versions of the legislation. And while the final bill...
by Zach Carter | May 20, 2010 | Blog, Financial Reform
The most courageous vote yesterday in the Senate was cast by Sen. Maria Cantwell, D-Wash., who refused to let the Senate sign-off on an unnecessarily weak Wall Street reform bill. Cantwell has been trying to fix a fatal loophole in the derivatives language which...
by Zach Carter | May 19, 2010 | Blog, Financial Reform
UPDATE 1:00 P.M Dodd just tried to move on amendments by Sens. Snowe, R-Maine, Landrieau, D-La., Vitter, R-La., and Whitehouse, D-R.I., and then proceed to the cloture vote. Sen. Carl Levin objected, presumably because his amendment to implement the Volcker Rule was...
