Obama Lectures Wall Street

Mike Keefe, The Denver Post Sep 16, 2009 Dig deeper

Wall Street Is Still Playing the Odds

Eugene Robinson / Truthdig Sep 15, 2009 I'm as pleased as anyone else to see a rising Dow, but somebody needs to slap the incipient grin off Wall Street's face. Dig deeper ( 3 Min. Read )

Nothing Has Changed on Wall Street

Staff / Truthdig Sep 14, 2009 A year after Lehman Brothers went under -- taking a big chunk of the economy with it -- the deregulation and lax oversight that enabled the crisis are still a problem. According to this New York Times report, things might even be worse. Dig deeper ( 1 Min. Read )

Wall Street Comes Up With a Great Idea for the Next Recession

Staff / Truthdig Sep 7, 2009 The geniuses on Wall Street have found another way to gamble and call it investing. Forget about mortgage-backed securities (wouldn't that be nice?). Life insurance securitizations are the new hotness on Wall Street. And the fun part is, they make more money when you die faster. Dig deeper ( 1 Min. Read )

The Root of Madoff’s Evil

Robert Scheer / Truthdig Jul 1, 2009 Bernard Madoff should be exhibit A in why the dark world of totally unregulated private money managers and hedge funds should be opened to the light of systematic government supervision. Instead, he is being treated as an aberrant menace. Dig deeper ( 4 Min. Read )

Obama’s Financial Plan Fails to Impress

Staff / Truthdig Jun 18, 2009 President Obama compares his "sweeping overhaul of the financial regulatory system" to FDR's crackdown on Wall Street, but New York Times business columnist Joe Nocera isn't buying it. "Everywhere you look in the plan, you see the same thing," he writes. "Additional regulation on the margin, but nothing that amounts to a true overhaul." Dig deeper ( 1 Min. Read )

Obama’s Economic Misfits Finally Get It

Robert Scheer / Truthdig Jun 17, 2009 On Monday, two men with considerable responsibility for enabling the banking meltdown confronted the error of their ways. Hopefully Timothy Geithner and Lawrence Summers' sudden conversion to common sense indicates the seriousness of the banking regulation plan that their boss, President Obama, will present to Congress today. Dig deeper ( 3 Min. Read )

Spitzer: ‘Wall Street Failed This Nation’

Staff / Truthdig May 13, 2009 Everyone's favorite client No. 9 is making the rounds of the cable news shows and is actually dropping some interesting takes on the economy and Wall Street regulation. Check out his two-part interview with Rachel Maddow. Dig deeper ( 1 Min. Read )

Veteran Regulator Calls Geithner a Failure

Staff / Truthdig Apr 6, 2009 William K. Black made a name for himself busting bad bankers and the lawmakers who loved them during the savings and loan scandal. His book, "The Best Way to Rob a Bank Is to Own One," says it all. Here he tells Bill Moyers that the treasury secretary is a failed regulator engaged in the cover-up of a massive fraud. Dig deeper ( 1 Min. Read )

Big Tobacco Targeted by Bigger Government

Staff / Truthdig Apr 3, 2009 The Food and Drug Administration may soon have control over the tobacco industry, if legislation survives Senate obstacles. The bill passed by a wide margin in the House, where its principal sponsor, Rep. Henry Waxman, said, "It has taken us far too long to get to this point." Dig deeper ( 1 Min. Read )

Global Capitalism: The Suicide Version

William Pfaff / Truthdig Mar 25, 2009 The globalization of the international economy launched as an accidental policy of the Clinton administration has proved to be a destroyer of people, governments and wealth. Dig deeper ( 4 Min. Read )

White House Looking to Curb Wall Street’s Excesses

Staff / Truthdig Mar 22, 2009 Faced with the glaring problem of indulgence and intractability on the highest tiers of Wall Street's corporate behemoths, the Obama administration is putting together a plan to make financial institutions more accountable and more transparent to the government and to the taxpayers who granted them buoyancy. Dig deeper ( 1 Min. Read )