Donald, listen, whatever you’ve done so far, whatever you’ve messed up, there’s one thing you could do that would make up for a lot. It would be huge! Terrific! It could change our world for the better in a big-league way! It could save us all from economic disaster! And it isn’t even hard to […]
GOP Makes Bogus Case for Bank Deregulation as Senate Certain to Curtail House Dodd Frank “Reform”…
We’ve argued from the crisis onward that the limited re-regulation of banking that took place was inadequate. But the Republicans are whinging that banks nevertheless are being treated badly despite a lack of evidence behind virtually all of their claims. The effort to give already-overly-coddled banks an even better deal is lumbering forward. The House […]
Here’s Why Trump Is Talking about Breaking Up the Biggest Wall Street Banks…
Yesterday, Bloomberg News reporters Jennifer Jacobs and Margaret Talev snagged an interview with President Donald Trump. Headlines quickly spread that during the interview Trump had indicated he was looking at breaking up the biggest Wall Street banks (so that commercial banks holding taxpayer-backstopped deposits were no longer under the same ownership as the high-risk…
The Goldman Sachs Effect: How a Bank Conquered Washington by Nomi Prins…
Irony isn’t a concept with which President Donald J. Trump is familiar. In his Inaugural Address, having nominated the wealthiest cabinet in American history, he proclaimed, “For too long, a small group in our nation’s capital has reaped the rewards of government while the people have borne the cost. Washington flourished — but the people […]
The Revenge of Class and the Death of the Democratic Party…
The Democratic Party of my lifetime – the coalition of Wall St finance capital and identity-politics voters that arose during the 1980s and 90s – is dead. It has been killed, quite ironically, by the revenge of class politics – the kind once championed by the Democrats. Decades of economic misery…
Busting the Banksters: The Case for Super Glass-Steagall–Part 1/2…
The mainstream narrative about “recovery” from the financial crisis is a giant con job. And nowhere does the mendacity run deeper than in the “banks are fixed” meme…