Business

The demonized banking industry must make the case it is morally noble. That may jar some ears, but surely enabling retirees to earn a return on their savings and funding business expansion creating jobs and wealth, improving Americans’ quality of and opportunities in life is morally noble. — Eric...
10/01/2015
Blog
The talk around Wall Street is that profits at the trading desks of the big banks are down and that regulations are to blame. There may be some truth to that, at least to the extent that transparency rules have deterred some price gouging. We should be careful about reading too much into the...
03/05/2015
Blog
Eric Holder and his team announced a $1.4 billion settlement with Standard & Poor’s regarding its ratings of mortgage backed securities and its role in the crash of 2008. There is no question of the venality that dictated behavior at S&P and probably the other major rating agency, Moody’s....
02/04/2015
Blog
Walmart is under scrutiny after claims that their political action committee is using illegal methods to persuade employees to donate to its PAC. The complaint, filed with the FEC, alleges that Walmart is breaking federal election law by matching employee donations to Walmart's PAC with a...
12/16/2014
Blog
In a speech on the Senate floor on Saturday, Senator Elizabeth Warren called out to the toxic connection between money in politics and financial crisis. Demos' report Stacked Deck found similarly: a rising tide of big money has tilted economic policymaking in favor of the elite. Last week...
12/15/2014
Blog
A government shutdown once again loomed, and familiar deadlines and ultimatums flew around Washington. And Congress just used the threat to loosen the rules created in the wake of the financial crisis, a victory for Wall Street banks in their constant and well-funded campaign against reform. The...
12/12/2014
Blog
As turmoil surrounds a potential shutdown around provisions to roll back critical parts of Dodd-Frank, there's new evidence that Wall Street holds more influence than ever in Washington. In an update to their political spending report released today, the indefatigable Americans for Financial Reform...
12/11/2014
Blog
Once again, maybe for the last time, Senator Carl Levin and the Permanent Subcommittee on Investigation has demonstrated how government, and the legislative branch in particular, can work in the public’s interest regardless of partisanship. Yesterday’s hearing laid out a complex system of price...
11/21/2014
Blog
The Daily Show last night had a great segment highlighting Detroit's ongoing water crisis. They point out that out of the $145 million dollars in delinquent water bills, nearly half is owed by commercial and municipal accounts, including the Joe Louis Arena, a local golf course, and an ice skating...
11/18/2014
Blog
Scott Sumner seems a bit puzzled by my prior claim that libertarians (excepting Nozick) can't comprehend that property is theft. Never one to turn down an opportunity to explain, I figured a refresher is in order here. In undertaking this explanation, it is perhaps helpful to let the reader (...
10/08/2014
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