Elizabeth Warren, the chairman of the congressional committee that is overseeing federal spending on the Troubled Asset Relief Program, discusses reform of the financial system with Arianna Huffington and the anchor team of CNBC's "Squawk Box." Warren defends the push for greater Wall Street accountability in the TARP program, and explains why the country needs to reverse the deregulation of the past two decades. more »
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A Center for Public Integrity report released today, "Who's Behind the Financial Meltdown," spells out how 25 of the country's largest financial institutions fueled the subprime mortgage market that precipitated the global financial crash. more »
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 »
In his first hundred days, FDR came out swinging. He shut down the banks, threw the money lenders from the temple, cranked out so much legislation so fast he would shout to his secretary, Grace Tully, "Grace, take a law!"
President Obama's been busy, but contrary to many of the pundits, he's no FDR.
Campaign for America's Future economics fellow Susan Ozawa discusses Treasury Secretary Timothy Geithner's testimony before the Congressional Oversight Panel overseeing the federal government's financial rescue plan. Ozawa explains how Geithner failed to satisfy concerns about his efforts to prop up the banking system. more »
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Momentum toward a Pecora Commission-style inquest into the roots of the financial crisis got a boost from the Senate on Wednesday when it approved an amendment to a financial fraud bill that would authorize a select investigative committee. more »
The Obama administration this week got a warning shot across its bow against structuring a bank resuce plan that would amount to yet another taxpayer subsidy of the wealthy. It's a shot that progressives who have the administration's ear on economic policy need to echo. more »
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The Congressional Oversight Board overseeing the financial crisis could question Treasury Secretary Timothy Geithner about his response to the financial crisis, but the COP is unarmed. It can't force answers or haul in the evasive. What we want is accountability. Will Congress step up?
At a conference hosted by Dēmos today, economic experts "lifted the TARP" to expose the flaws in the Treasury Department’s plans to repair the nation's financial markets. more »
Treasury Secretary Tim Geithner has called for "sweeping regulation" of the financial community. But before we decide on the salvation, we need a public probe of the fall along the lines of the probe Ferdinand Pecora launched in the 1930s to expose the roots of the Depression.
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