The big stock market slide of the past month has been bad news for the over 50 million Americans with 401(k) plans. Many of these investors have yet to recover from the 2008 crash and have been counting on a market upswing to make up for lost ground. Yet even if stocks do rebound, the truth is that...
Rep. Maxine Waters hosts this non-partisan moderated panel discussion on derivatives and the current policy debates regarding implementation of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. As Congress grapples with the public policy implications of new...
Here’s a question that you probably don’t want to answer honestly: What fees are you being charged by your 401(k) plan? Don’t feel bad if you haven’t got a clue, because that puts you in the majority. An AARP study a few years back found that 65 percent of 401(k) account-...
The full details of JP Morgan’s trading strategy aren’t known, but Wallace Turbeville, a former Goldman Sachs investment banker and currently a fellow with public policy think-tank Demos, doesn’t buy the bank’s explanation that it was simply hedging. “How can you possibly lose that kind of money on...
Is the Facebook initial public offering – one of the largest IPOs in history – a symbol of American prosperity? In some sense, yes. A technological innovation that began as an extracurricular obsession of a brilliant college student has now become a global “social utility” with 900 million users....
After seven years as a lawyer specializing in public and private securities offerings, I was an investment banker at Goldman Sachs for more than a twelve years and then managed a small advisory firm. I also served as CEO of a firm providing counterparty credit management services in the derivatives...
As protests resume on Wall Street, some in the media are again saying that there is no coherent rationale for the demonstrations. In fact, though, these protesters have chosen the right target: a set of institutions and actors who not only played a central role in creating the financial crisis,...
Demos Senior Fellow Nomi Prins interviewed at Big Think on Wall Street and the economy.
The President’s Rose Garden press conference last week on speculative trading and gas prices has induced a flood of editorials that lecture the administration on the law of supply and demand. President Obama pressed for renewed scrutiny of excessive speculation and manipulation in oil...
NEW YORK--SnagFilms, one of the world’s leading distributors of independent films to digital platforms, will debut the new film #whilewewatch with a free, live, world premiere streaming event on Thursday, April 26th. The event is being presented in partnership with the non-profit, non-partisan...