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By Hannah Arendt
By Reinhold Niebuhr; Robin W. Lovin (Introduction by)
$23
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At a Senate Banking Committee hearing Tuesday, the Massachusetts senator got the best of the Treasury secretary as she pressed him on whether the government should cap the size of big banks or break them up.
Posted on May 22, 2013
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Shutterstock image of bank.
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Now that Wall Street has managed to neuter and delay the modest reforms passed by Congress, there is more political momentum to pass stricter financial regulations.
Posted on May 1, 2013
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AP/Rich Pedroncelli
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Wall Street sees no need for more regulations of course, but unfortunately for Main Street Americans still reeling from the last financial crisis, President Obama may turn out to be the banking industry’s biggest ally.
Posted on Apr 10, 2013
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AP/Alex Brandon
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If Bernanke’s stance is any indication, Sen. Warren, who was just sworn in this January, is already having a positive impact on Washington.
Posted on Mar 21, 2013
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nataliej (CC-BY)
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By Eyal Press, TomDispatch —
What’s worse: to be persecuted and indicted for trying to expose an act of wrongdoing? Or—like so many in the corporate and financial world—to be ignored for doing so?
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AP / Carolyn Kaster
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Because this is one of the things he can do from the Oval Office, President Obama pulled what his Republican opponents will no doubt characterize as a fast one by forcibly installing Richard Cordray on Wednesday as his chosen leader of the recently configured Consumer Financial Protection Bureau while Congress was on recess.
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AP / Pablo Martinez Monsivais
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By Robert Scheer — Obama’s gutless decision to abandon Elizabeth Warren comes after the president populated his administration with the very people who created the financial meltdown.
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Robert Scoble (CC-BY)
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Fearing a tough confirmation fight, the Obama administration has decided that Elizabeth Warren will not head the new Consumer Financial Protection Bureau. Instead, the White House will nominate Richard Cordray, who was already selected to be the agency’s top enforcer and who, in his previous gig as Ohio’s attorney general, had put himself on the map by suing big banks. (more)
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Flickr / Medill DC
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The House Financial Services Committee has voted to repeal a provision in last year’s Dodd-Frank financial reform law requiring public corporations to report the ratio between CEO and median worker pay. (more)
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Bank of America Lied to Homeowners and Rewarded Foreclosures, Ex-Employees Say
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