Banking Industry

On March 15, 2013, the Senate’s Permanent Subcommittee on Investigations held hearings on the London Whale scandal. The indomitable and indefatigable Chairman Carl Levin, ably supported by the brilliant committee chief of staff, Elise Bean, took on six JP Morgan Chase (“JPMC”) current and former...
03/18/2013
Publication
My name is Wallace Turbeville. I am a Senior Fellow at Demos, a national public policy organization working to reduce political and economic inequality, advancing a vision of a country where we all have an equal say in our democracy and an equal chance in our economy. I am testifying today on...
03/14/2013
Publication
New York, NY – On the heels of the introduction of the “Wall Street Speculator Tax” in Congress, national policy center Demos released a new report showing how the rise of high frequency trading (HFT) comes at a massive cost to the real economy, despite Wall Street’s claims to the contrary. “Cracks...
03/08/2013
Press Release
This is the second of a series of articles, entitled “The Financial Pipeline Series”, examining the underlying validity of the assertion that regulation of the financial markets reduces their efficiency. These articles assert that the value of the financial markets is often mis-measured. The...
03/07/2013
Publication
This is the first article in the “Financial Pipeline Series,” which will examine the underlying validity of the assertion that regulation of the financial markets reduces their efficiency. These articles point out that the value of the financial markets to the real economy is often mis-...
12/05/2012
Publication
NEW YORK – Today, national public policy organization Demos is launching “New Rules for Wall Street,” a week-long PolicyShop.net blog series calling for a strong second-term financial regulation agenda that would advance the overdue rules sought by the Dodd-Frank Act and promote further good rule-...
11/12/2012
Press Release
Wallace Turbeville, former vice president of Goldman Sachs and senior fellow at Demos, discusses the case brought by New York Attorney General Eric Schneiderman against JPMorgan Chase for fraud at Bear Stearns, which JPMorgan purchased in 2008. The case “marks the most direct action to date...
10/09/2012
Video
Four years ago today, Lehman Brothers collapsed as Hank Paulson and his colleagues made the fateful decision that free market principles demanded that at least one bank crippled by the deteriorating financial system had to be sacrificed at the altar of moral hazard. These “deciders” had no idea of...
09/15/2012
News/Resource
07/26/2012
Data Byte
With the two year anniversary of the Dodd–Frank Wall Street Reform and Consumer Protection Act approaching, we thought it would be helpful to package, in a special way, a look back at the high crimes of the financial sector that precipitated the much needed legislation.
07/18/2012
Data Byte
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