A Market in Desperate Need of Transparency
I have written many, many times about Wall Street and its rotten practices, and how their reckless decisions are hurting families. For years now, we've known that Wall Street had too much influence...
View ArticlePresident Obama's remarks on five-year anniversary of the financial crisis
THE WHITE HOUSE Office of the Press Secretary For Immediate Release September 16, 2013REMARKS BY THE PRESIDENT ON THE FIVE-YEAR ANNIVERSARY OF THE FINANCIAL CRISISSouth Court12:31...
View ArticleJP Morgan Federal Indictments, Fines--Yet Jamie Dimon Skates
Jamie Dimon lives a charmed life. In a normal world, he would be in jail or at least be out of a job--not earning millions of dollars in pay and benefits. Which is really a parable about the world in...
View ArticleWhat We Really Should be Yellin About When it Comes to Who Runs the Fed
Effective regulation, and on that note, it is a positive thing that the Summers of our discontent can finally be laid to rest. After all the damage Larry Summers has caused in being one of the...
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Celebrating the fifth anniversary of the financial crisis
The links would probably give it away anyway, but cross-posted on MN Progressive Project. It's mid-September 2013, and we're celebrating the financial crisis of September 2008 that nearly collapsed the...
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Economics Daily Digest: The Last Five Years of Financial Crisis
By Rachel Goldfarb, originally published on Next New DealClick here to receive the Daily Digest via email.What We Get Wrong When We Talk About ‘The Financial Crisis’ (Majority Report)Sam Seder speaks...
View ArticleJustified Anger at Wall Street
Don’t be angry.I keep telling myself that, each time I sit at my computer to write something about the state of the country.Let go of the anger.I feel it rising inside of me, like a slow boil, someone...
View ArticleMy Important & Totally Short, 24 word, Diary
Prez O has legal authority to end "shut government down"crisis." He should refer to US Constitution & do exec order http://tinyurl.com/...
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Midday open thread
Thank you—and we're sorry.On Thursday, the Court of Appeals for the Second Circuit issued a stay preventing implementation of remedies ordered to bring "Stop and Frisk" into constitutional compliance...
View Article"JP Morgan Chase Is a One Bank Crime Spree": $13 Billion Sham Fine Versus $13...
If you were Jamie Dimon, or a sleazy banker of the same stripe, and you got the following deal, would you take it: make billions of dollars for your bank, which, in turn, rewards you personally making...
View ArticleWhy Let a Bank Write U.S. Financial Reform Legislation?
Particularly when that bank has a history of involvement with fraud and mismanagement.The proper level of financial regulation is a complex topic, about which people can have honest differences. But,...
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Economics Daily Digest: The future of high-speed fiber runs through City Hall
By Rachel Goldfarb, originally published on Next New DealClick here to receive the Daily Digest via email.The quest for high-speed fiber: a conversation with Susan Crawford (The Verge)Russell Brandom...
View ArticleWhy No Wall Street CEOs Were Prosecuted For Causing The Financial Crisis
"If you prosecute a CEO or other senior executive and send him or her to jail for committing a crime, the deterrent effect in my view vastly outweighs even the best compliance program you can put in...
View Article"Prosecutorial Gaps": The People Vs. The Justice Department
In the aftermath of the 2008 financial crisis caused by the Wall Street criminal racketeering cartel, average American people lost over a quarter of their net worth. According to WikiPedia, "[t]otal...
View ArticleShould U.S. Political Leaders Attend Davos?
In late January, the world's political elite will meet privately for off-the-record discussions with high-ranking representatives of the world's leading corporations, at the World Economic Forum...
View ArticleJamie "I Put Millions Out Of Work" Dimon Gets A Raise
Par for the course. Though you would be right to say "you have got to be kidding," the truth is that the signal has been sent from the White House and from most of Congress that the bankers will not go...
View ArticleVictimization Complex or Paranoia of the Plutocrats
Great post by Krugman "Paranoia of the Plutocrats" in yesterday Times. His arguments and economic analysis combined with the clarity of writing superb as usual. Yet, it is not what is most striking in...
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PA-Sen: Joe Sestak (D) Brings Back Belle To Hit Pat Toomey (R) On His Support...
Decorated Admiral and former Congressman Joe Sestak (D. PA) is bringing back his dog Belle to hit Tea Party Senator Pat Toomey's (R. PA) allegiance to Wall Street's Too Big To Fail policies: Our dog...
View ArticleWhy, Yes, Bill Clinton Has Nothing But Contempt for You
The New York Times's Wall Street coddling wunderkind Andrew Ross Sorkin has an interview with former Treasury Secretary Timothy Geithner in the New York Magazine this weekend.In the interview, Geithner...
View ArticleFighting for Justice for All New Yorkers
Since taking office as attorney general nearly four years ago, I have made it my priority to ensure that the law applies equally to everyone, not just the rich and powerful.
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