I know that a number of consumer groups and unions are coming forward to support the financial reform bill that came out of conference committee on Friday. Among those singing the praises of the bill is Elizabeth Warren, the woman who heads the congressional panel overseeing the government’s bailout of American banks, whom I quote […]
Tag Archives: Glass-Steagall Act
Financial reform bill emerges from committee, but is it any good?
Posted in Economics, Rants Also tagged auto dealers, banking reform, Bob Rubin, Commodities and Futures Modernization Act, Consumer Financial Protection Bureau, Dylan Ratigan, Elizabeth Warren, everage exemption, financial reform, Hank Paulson, investment banks, Larry Summers, mark to myth, National Automobile Dealers Association, Obama, SEC, too big to fail, Wall Street, Wall Street bailouts, Wall Street bonuses 2 Comments
Sprouting Populist balls, and going after Wall Street
One good thing to come out of Republican Scott Brown’s election to the Senate a few days ago, is that it seems to have lit a fire under our President. In an abrupt about-face, Obama came out late last week, saying that our unrepentant financial industry had to be reigned in. Distancing himself from Treasury […]
Posted in Corporate Crime, Economics, Politics Also tagged bailout, Chris Dodd, COngressional oversight panel, Consumer Financial Protection Agency, Elizabeth Warren, financial reform, investment banks, Paul Volcker, populism, Robert Reich, TARP, Ted Kennedy, Timothy Geithner, too big to fail, Troubled Assets Relief Program, Wall Street 2 Comments
The unrepentant sons-of-bitches who are fighting banking reform
It’s been one year since the investment bank Lehman Brothers went belly up, putting into motion a chain of events that would culminate in some $600 billion in American taxpayer money being given away to corporations like AIG, Bank of America and Goldman Sachs. To commemorate the day, and breath new life into his stalled […]
Posted in Economics, Other, Politics, Uncategorized Also tagged AIG, Andrew Cuomo, bailout, Bank of America, banking reform, Capitalism, Capitalism: A Love Story, Corporate Crime, credit, derivitives, financial reform, gambling, Goldman Sachs, investment banking, Lehman Brothers, lending, loans, lobbyists, Michael Moore, Obama, other people's money, reckless behavior, Robert Reich, the short attention spans of Americans, unrepentant sons of bitches, Wall Street 9 Comments