Posts by Wallace Turbeville

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...
March 5, 2015 | Wallace Turbeville
How nice to start a week with Paul Krugman and Larry Summers agreeing with things you have been saying for months. The Demos report, Financialization and Equal Opportunity, looks to the financial...
February 25, 2015 | Wallace Turbeville
Last week’s New York Times reported that the Hillary Clinton campaign has tapped more than 200 experts to solve a problem: how to address the public’s anger over income and wealth inequality without...
February 17, 2015 | Wallace Turbeville
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...
February 4, 2015 | Wallace Turbeville
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...
December 12, 2014 | Wallace Turbeville
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...
November 21, 2014 | Wallace Turbeville
Last year, the Daily Show hilariously lampooned the Goldman Sachs “merry-go-round of metal” in which the firm uses its ownership of the major Midwest aluminum warehouse (think auto manufacturing and...
November 20, 2014 | Wallace Turbeville
The largest municipal bankruptcy in history has come to a close in Detroit after a year of proceedings, ending in a flurry of compromise. Yet there was plenty of conflict in the last year, far more...
November 7, 2014 | Wallace Turbeville