by Zach Carter | May 10, 2010 | Blog, Financial Reform
Last week, Congress decided it would not confront Too Big To Fail, the single gravest threat to our collective financial security. But there are still several key Wall Street reforms worth fighting for—reforms that must be enacted before the next crisis hits. And...
by Zach Carter | May 7, 2010 | Blog, Financial Reform
Late last night, the U.S. Senate rejected the single most important element of Wall Street reform by a vote of 33 to 61. The SAFE Banking Act would have forced the break-up of the nation's six largestbanks, and dramatically reduced the political clout of America's...
by Zach Carter | May 6, 2010 | Blog, Financial Reform
Word is circulating through Capitol Hill right now that Sen. Chris Dodd (D-CT) has agreed to back a comprehensive audit of the Federal Reserve, paving the way for the almost certain passage of the measure. This is a major victory for serious Wall Street reform, and...
by Richard Eskow | May 5, 2010 | Blog, Financial Reform
Now that the ideological defense of Wall Street behavior has collapsed, brought down by the wreckage of deregulation, bankers and lobbyists are pursuing a new strategy: fighting the democratic process itself. They're suggesting that this issue is a little too...
by Zach Carter | May 4, 2010 | Blog, Financial Reform
J.P. Morgan Chase, America's largest warehouse of arrogant financial elites, has issued yet another deceptive lobbyist smear in the guise of an "analyst report." Yesterday, the megabank's Chief Economist James Glassman launched a broadside against Sen. Carl Levin...
by Zach Carter | May 3, 2010 | Blog, Financial Reform
Despite all of the attention heaped on the Treasury Department and the Troubled Asset Relief Program, the Federal Reserve served as the chief bank bailout engine in the U.S. economy during the . But unlike the Treasury, the Fed isn't subject to basic government...
