Here we go again. According to a piece in Politico Magazine former Secretary of State and likely 2016 presidential candidate Hillary Clinton had some harsh words related to progressives in her $400,000 speeches for Goldman Sachs and friends. Clinton decided to use her speaking opportunity before the super rich to attack those criticizing Wall Street and its numerous criminal practices.
|By: DSWright Thursday December 12, 2013 8:41 am|
|By: Peterr Saturday October 12, 2013 12:40 pm|
Back in 2009, law professor and former banking regulator Bill Black excoriated the internal corporate culture of the Federal Reserve when it comes to banking regulatory oversight. For a very specific illustration of what Black was talking about, just take a look at the complaint filed by former banking regulator Carmen Segarra against her former employer, the Federal Reserve Bank of New York. She was hired and assigned to investigate problems at Goldman Sachs, and when she and her team discovered some major problems, she was pressured to downplay them and back off. When she refused, she was terminated and Goldman Sachs was given a clean bill of health by the folks that fired her.
You’re shocked, I know. But the details, along with the documentation, are the truly shocking part of all this. Not about Goldman Sachs, but about their pals at the Federal Reserve Bank of New York.
|By: masaccio Sunday October 9, 2011 12:10 pm|
An introduction to the theory of oligarchy in practice today.
|By: David Dayen Thursday January 27, 2011 5:45 pm|
In a sometimes contentious call, Financial Crisis Inquiry Commission representatives Phil Angelides and Brooksley Born acknowledged that we might still be in a financial crisis, and that their report should not be seen as the last word on an event that still has the capacity to significantly damage the global economy.
|By: emptywheel Wednesday December 15, 2010 6:11 am|
Apparently, the Republicans on the Financial Crisis Inquiry Commission have abandoned the commission because the other six members would not agree to ban the phrases “Wall Street” and “deregulation” from the final report.
|By: Jim White Friday August 6, 2010 8:00 pm|
Firedoglake.com founder Jane Hamsher appeared on MSNBC this afternoon with host Cenk Uygur. The topic for discussion was the evolving story that Christina Romer’s resignation as head of President Obama’s Council of Economic Advisers is symptomatic of a larger problem of women not being treated equally within the Obama administration. Hamsher describes how, especially within the White House economic team, women who were right about the economic meltdown are ignored in favor of the men on the team who were “aggressively wrong” in making both the decisions that led to the disaster as well as current decisions that are not improving the situation sufficiently.
|By: masaccio Friday April 9, 2010 3:15 pm|
Brooksley Born wants to know the effect of credit default swaps on the housing bubble and the Great Crash. Citibank representatives don’t think there was an effect. Yves Smith disagrees.
|By: David Dayen Wednesday April 7, 2010 8:51 am|
Born, who pushed to strictly regulate derivatives under the Clinton Administration, but lost the battle to, among other people, Alan Greenspan, told the former Federal Reserve chair that his agency “failed to prevent housing bubble, failed to prevent the predatory lending scandal, failed to prevent the activities that would bring the financial system to the verge of collapse.”