Banking

CAMPAIGN FOR AMERICA’S FUTURE HAILS CREDIT CARD LEGISLATION AS A STEP IN THE RIGHT DIRECTION

By Isaiah J. Poole
May 19, 2009
05/19/2009

The Campaign for America’s Future today applauded the Senate for overwhelmingly passing H.R. 627, the Credit Cardholders’ Bill of Rights Act of 2009, by a vote of 90-5.

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Revenge Of The Plastic

By Isaiah J. Poole
May 19, 2009

A bill that will clamp down on some of the most egregious practices of credit card companies is rushing toward final passage in the Senate, and the industry—and its conservative buddies—are gearing up for retaliation.

For example, one conservative group has already said that if this bill is signed into law, more black people will be denied credit cards. more »

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The Case for Patience

By Ryan Avent
May 14, 2009

Issues-NOW-75.gifIn response to Dean Baker: I would like to see the White House and the Congress working toward a comprehensive regulatory overhaul this very minute. What I don’t think we should do is rush the reform process through as an explicit response to this crisis.

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More Evidence For Reining In Credit-Card Companies

By Isaiah J. Poole
May 14, 2009

The Senate is expected to vote either later today or Friday on a credit-card reform bill. more »

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Why We Can't Wait To Move On Bank Reform

By Dean Baker
May 14, 2009

Issues-NOW-75.gifIf we didn't live in the world we actually live in, putting Wall Street reform on hold until we fix the immediate problems with the banks might make sense. But in the world we do live in, it is precisely because the banks have an immediate problem that there is some hope of reining them in. Here's why putting that off would lead to failure.

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Will The Senate Stop The Credit-Card Loan Sharks?

By Isaiah J. Poole
May 8, 2009

In Poultney, Vt., a small town near Lake St. Catherine near the Vermont-New York border, "Walter" had been running a small business during the summer for 43 years—until a rectangular piece of plastic helped bring him down. more »

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Insolvent Banks Should Feel Market Discipline

By Matthew Richardson and Nouriel Roubini
From ft.com
May 7th, 2009

ft.com — Joseph Schumpeter famously argued that the essence of capitalism was creative destruction, by which new economic structures are born from the rubble of older ones. The government stress tests on the 19 largest U.S. banks could have facilitated this process. The opportunity looks likely to be missed.

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Financial Crisis Investigation Closer To Reality

By Isaiah J. Poole
May 5, 2009

Progressives who have been campaigning for an independent commission to expose the causes of today's financial crisis are about to score a major victory as early as Wednesday in the House. more »

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What is the DSCC Really Made Of and What Can They Do For Me Now?

By Laura Berben
January 23, 2009

II would like to contribute my comments below in response to a recent email I received.

It is my hope to keep the issue of those ALREADY made homeless by the government's failure to intervene in any tangible, effective way to keep these people in their homes. more »

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Laura Berben's picture

What is the DSCC Really Made Of and What Can They Do For Me Now?

By Laura Berben
January 23, 2009

II would like to contribute my comments below in response to a recent email I received.

It is my hope to keep the issue of those ALREADY made homeless by the government's failure to intervene in any tangible, effective way to keep these people in their homes. more »

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