by Bill Scher | Apr 16, 2010 | Blog, Financial Reform
While playing hardball seems to be working to maximize the chances for decent Wall Street reform, the finesse game appears to be working in the climate debate. On the heels of President Obama's offshore drilling plan Washington Post's Steven Pearlstein reports today...
by Zach Carter | Apr 15, 2010 | Blog, Financial Reform
The political battle over Wall Street reform is finally being engaged in earnest. Senate Minority Leader Mitch McConnell (R-KY) has formally thrown in his party's lot with the nation's largest banks, and to their credit, Democrats appear to be pushing back, both on...
by Zach Carter | Apr 14, 2010 | Blog, Financial Reform
There are two types of financial outrages: acts that are outrageously illegal, and acts that are, outrageously, legal. Yesterday's Senate hearing on the rise and fall of Washington Mutual was a rare examination of the former outrage, documenting the pervasive practice...
by Zach Carter | Apr 13, 2010 | Blog, Financial Reform
4:25 Levin is ripping Killinger on option-ARM delinquencies. WaMu performed a study concluding that option-ARMs were about to default like crazy, and right after that study, WaMu started pushing option-ARM securities hard to investors. The company sold a $3 billion...
by Richard Eskow | Feb 11, 2010 | Blog, Financial Reform
Let's have a frank talk about an uncomfortable subject: Progressives need to raise campaign money in order to get elected and stay in office. Sometimes that money has to come from places that progressives aren't comfortable talking about. This gritty reality has too...
by Isaiah J. Poole | Nov 17, 2009 | Blog, Financial Reform
The banking lobby, as corporate lobbies are wont to do, can build a wonderful Potemkin village of consumer delights, where a defanged government beholden to business interests smiles as unfettered CEOs and marketers rack up their profits and where only the buyer need...
