The investment bank's earnings plummeted in the fourth quarter as it had to book $990 million in charges related to the new law.
The U.S. financial system remains unreformed, and no one in any position of power will do anything to fix it. The only question is when the bubble will burst.
The lawyer, a Republican and Trump supporter, asks Mnuchin to recognize the damage done by big banks.
The president has ordered a rollback of Wall Street regulations, including the Dodd-Frank Act, passed in 2010 to prevent another too-big-to-fail banking crisis.
The U.S. attorney fired by President Trump has been acclaimed for tackling corruption. But his treatment of figures involved in the Great Recession was far less confrontational.
Paul Jay of The Real News asks Truthdig contributor Paul Street if President Obama is a true progressive and whether his policies "helped set the table for the emergence of a Trump."
Trump and congressional Republicans will be able to pass an agenda that jeopardizes middle-class Americans.
In a scary and important episode, the "Last Week Tonight" host sounds a warning about a boom in subprime automobile loans that promises to make "your eye twitch with flashbacks to the mortgage crisis."
A group of high-profile Wall Street figures “are prepared to abandon pure self-interest and embrace the radical financial reforms espoused by Bernie Sanders.”
“Clinton’s vision of financial reform neglects one part of the industry everyone agrees was an essential factor in the 2008 crisis: the credit rating agencies, which assess the worthiness of Wall Street securities for investors,” writes David Dayen at The Intercept.