Mr. Big Stuff himself, as he used to be called on CNBC during his heyday, has spoken once again. But this time, Alan Greenspan has uttered an inconvenient truth. So, will Washington and Wall Street listen? more »
washingtonpost.com — If the Democrats on the House Financial Services Committee don't reverse course on the dilution of needed financial industry reforms, “there’s a real possibility that the Democrats will be answerable for Catastrophe Round Two."
House members should beware when bank lobbyists come calling: Ceding to their wishes might get you campaign cash but it will likely cost you the next election. more »
In the last several years we have all been fleeced, looted, robbed, swindled, thieved, tricked, cheated, scammed, exploited, ponzied, stung, conned, extorted, ripped off and bankrupted by the banks and other big financial companies. Finally the Congress is working on reining them in. more »
For a stunning look at the heart of the dysfunction of our Wall Street-centric economy, consider today's article in The New York Times on the impending Chapter 11 bankruptcy of the Simmons mattress company. more »
The facts, as Wall Street insider-turned-investigative journalist Nomi Prins laid them out Thursday in her talk at the Economic Policy Institute, are a damning indictment of the performance of our politicians. more »
The Financial Crisis Inquiry Commission, the panel created by Congress to investigate the causes of last year's financial market meltdown, held its inaugural meeting September 17 as the nation observed the one-year anniversary of the nadir of the Wall Street economic collapse. more »
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In their first meeting Wednesday, members of the Financial Crisis Inquiry Commission—often characterized as the second coming of the Pecora Commission that investigated the causes of the Great Depression—clarified how they see their mission and what we can expect. more »
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