Curbing Wall Street
Curbing Wall Street
The seeds of the 2008 financial meltdown were sown in a conservative ideology that worshiped Wall Street deregulation and devalued Main Street needs. We're fighting for an end to the idea that any financial institution is "too big to fail," a wall between basic banking operations and the high-risk, "casino"-type trading that blossomed in the past decade and put the economy at risk, and a government agency that stands up for ordinary consumers and small investors and finally brings balance to a system that has too often tilted to favor large financial institutions.
Blogs and Opinion
BLOGS AND OPINION
Jamie Gets Punished by Jim Hightower, creators.com | January 30, 2013
Aaron Swartz, Financial Fraud, and the Justice Department by Dean Baker, truth-out.org | January 22, 2013
The Legacy of Timothy Geithner by Simon Johnson, economix.blogs.nytimes.com | January 17, 2013
The Endless (and Ironic) Attacks on the CFPB by David Callahan, policyshop.net | January 16, 2013
The Foreclosure Fiasco by Joe Nocera, The New York Times | January 15, 2013
Why I Won't Be Voting for Jack Lew for Treasury by Sen. Bernie Sanders, commondreams.org | January 11, 2013
The Inconvenient Truth About Jack Lew by Robert Scheer, truthdig.com | January 11, 2013
AIG, Don't Bite The Hand That Fed You by Elizabeth Warren, The Guardian | January 10, 2013
Major Settlements Better For Banks Than Homeowners by Natasha Leonard, salon.com | January 8, 2013
Feds Replace Flawed Foreclosure Review With Vague $8.5 Billion Settlement by Paul Kiel, propublica.org | January 8, 2013
The financial services industry is spending more than $1 million a day fighting reforms in Congress, using a revolving door of former lawmakers, congressional aides and government officials. We name names and pull their activities out of the shadows.
Read our investigative report »
Now that the Senate is beginning floor debate on a financial reform bill, the push is on to make the bill stronger, identify the obstructionists and rebut the arguments against robust reform. We are tracking the Senate debate with reporting, commentary and research from our blog team and other progressive media sources.
Forty-one senators blocked debate on a financial reform bill April 26. Democratic Sen. Ben Nelson joined 40 Republicans in voting to obstruct forward movement on changes that would prevent a recurrence of the conditions that led to the current recession and an unprecedented Wall Street bailout. We are identifying those who are standing in the way of reform and debunking their arguments.