Sanders Changes Audit the Fed Amendment, Dodd Now Cosponsor

By: Thursday May 6, 2010 1:59 pm

Here’s what Bernie Sanders just said from the floor of the Senate, announcing that he is changing his amendment….


As Dow Swings, Obama to Come Out Against Audit the Fed

By: Thursday May 6, 2010 12:24 pm

At a time when confidence in the markets desperately needs shoring up, the President should be looking to instill confidence in investors by supporting accountability and transparency within the financial system — not acting to shield the banks.

Should Buyers of Financial Products Be Informed When Banks Bet Against Them? Sec. Geithner Can’t Say “Yes”

By: Tuesday May 4, 2010 2:10 pm

Shorter Tim Geithner: Buyer Beware. . . like, seriously beware–because the banks can do pretty much whatever they want, and they don’t have to tell the consumers anything if they don’t want to.

Republicans – And Ben Nelson – Filibuster Wall Street Reform

By: Monday April 26, 2010 2:42 pm

Handing over the “bipartisan opposition” talking point to Republicans, Ben Nelson just voted against the motion to proceed on the Wall Street reform bill, almost certainly dooming its passage for today.

Goals, Not Bandaids: Moving Toward Progressive Financial Principles

By: Sunday April 25, 2010 10:30 am

The economists who prescribed the policies of the last 30 years are abject failures who caused massive immiseration of their fellow citizens. The Obama team is trying to find bandaids. They should be looking to first principles for guidance, rather than shoring up the unfair system that damaged so many of us.

Why Is Larry Summers Afraid of Having Many Small Banks?

By: Friday April 23, 2010 12:59 pm

The Administration sent the Larry Summers to PBS News Hour to explain to the unsophisticated that if we broke up the megabanks and instead had many smaller banks, it would be the end of America and the financial industry as we know it. I thought that was the point.

Senate Republicans Tying Up All Week with Obama Appointee Confirmations

By: Tuesday April 20, 2010 6:10 am

If you needed further proof that Sen. Dodd’s threat to hold a vote on financial reform was somewhat idle, other than the fact that Susan Collins emerged from a meeting with the Treasury Secretary today still opposed to the bill, consider what the Senate will spend their time on this week. . . .

Real Regulation for Credit Default Swaps Is Necessary

By: Monday April 19, 2010 3:10 pm

The SEC suit against Goldman Sachs makes it clear that credit default swaps made the Great Crash worse than it should have been. Now it’s time to impose serious regulation on these time bombs, regardless of what it does to JPMorgan Chase’s ability to coin money.

Another Wall Street Innovation: Betting on Movie Grosses

By: Tuesday April 13, 2010 1:50 pm

If you like Death Bonds, you’ll want to bet on movie grosses.

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