Sherrod Brown

When Jamie Dimon revealed that JPMorgan Chase had lost billions through risky and legally questionable trading, he said the losses would be about $2 billion and maybe more. Apparently it is more - a lot more. People in a position to know are saying the real figure is probably in the $5-7 billion range. more »

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Efforts by those who never want to hear someone say, “Bye-bye American manufacturing,” converged coincidentally to make June Buy American month.

First, at the forceful urging of U.S. Sen. more »

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We thought we'd write a little radio ad for the SAFE Banking proposal being put forward in the House and Senate. But this ad's not just promoting a policy - it's selling a litmus test. This amendment finally gives us a chance to find out whether those politicians who are giving great speeches about "too big to fail" and "no more bailouts" mean what they say or not. So imagine you're listening to the radio and you hear this ...

Financial reform: It's so confusing! CDO, MBS, CDS ... it's like alphabet soup out there! Sure, we hear politicians in the House and Senate say they want to stop "too big to fail." They say they don't want to bail out rich, greedy bankers again just so they can give themselves more fat bonuses. They all say that. Then they fight each other tooth and nail! How's a poor voter to know who's telling the truth? more »

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If you've ever wondered what the phrase "the sound of silence" means, you should've been listening when the President invited "the titans of industry" to join him in promoting financial reform this morning.

The President's speech walked a fine line between vision and reality. At times it seemed almost an internal dialog between the technocrat who sees the problems and knows how to fix them, and the political pragmatist who wants to reap electoral rewards from whatever bill finally gets passed.

"Between the dream and the reality," wrote T. S. Eliot, "falls the shadow." The President's speech demonstrated that he sees what needs to be done. But reform has to make its way through the legislative shadows on Capitol Hill. That means it's up to the rest of us to create the political climate that makes that makes genuine reform possible - or, better yet, inevitable. more »

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Treasury Secretary Tim Geithner delivered a populist stemwinder of a speech the other day, bringing his rhetorical A-game with comments like these: "Listen less to those whose judgments brought us this crisis. more »

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Let's have a frank talk about an uncomfortable subject: Progressives need to raise campaign money in order to get elected and stay in office. Sometimes that money has to come from places that progressives aren't comfortable talking about. This gritty reality has too often led to the conclusion that the Left needs to bow down to Wall Street in order to succeed. more »

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The battle to resist the excise tax continue, with a front line of resistance forming in the House and Senate. Efforts include the movement to drum up support for the Sanders-Franken-Brown Amendment, which replaces it with a high-earner tax similar to that contained in the House health reform bill. more »

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Bernie Sanders, Al Franken, and Sherrod Brown have introduced a bill in the Senate that would replace the excise tax on higher-cost health plans with a tax on very high-earners. This amendment would put the Senate's proposal in line with the House bill, removing one contentious issue from any future conference to reconcile the House and Senate bills. more »

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In clean energy, countries get what they pay for. If the United States won't invest in cleaner manufacturing, other countries will, and their workers will benefit from being able to supply their markets and others. more »

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