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It was just a few days ago that Goldman Sachs insider Greg Smith reminded us of an essential truth about today's financial services sector: It puts its own interests above those of its clients and, as a result, routinely misleads and exploits those who entrust investment firms and advisors with

One of few clear-cut ways to decrease gas prices is to reel in Wall Street speculation. Wall Street speculation drives up oil prices because it distorts the perception of oil supply. In response to increasing tensions in the Middle East, Wall Street speculators are hoarding crude oil contracts

One of few clear-cut ways to decrease gas prices is to reel in Wall Street speculation. Wall Street speculation drives up oil prices because it distorts the perception of oil supply. In response to increasing tensions in the Middle East, Wall Street speculators are hoarding crude oil contracts

The conventional wisdom in some quarters is that Hollywood movie stars who get involved in politics are light-weights and dilettantes who have no business holding forth on public affairs. Today's arrest of George Clooney at the Sudanese embassy, in a protest about Darfur, no doubt, is inciting some

Former Goldman Sachs employee Greg Smith wrote an op-ed in yesterday’s New York Times that simmers with pathos. Smith describes the devolution of the culture at Goldman: Whereas in the past, the company worked in the interests of its clients, they are now seen merely as the source of transactional

As anticipation rises about how the Supreme Court will rule on the individual mandate, a key element of Obama's healthcare reform, it is worth reflecting on how ironic it is that the individual mandate has emerged as such a polarizing issue. At least four ironies come to mind.

Here’s the wrong way to try to lower the price of gas: blocking loans that would help develop more efficient cars. American companies looking to develop cleaner cars are not receiving the loan support they need. The short-term consequence is the shutting down of factories and the loss of jobs.

Four years after America’s “bigger is better” banking model collapsed under its own weight, there are signs of a shift towards more local, accountable, and borrower-friendly banking across the country. In Maryland, a Lend Local bill under consideration would require the state to move more of its

Taken on a state by state basis, the losses incurred to the U.S. from the loss of out-of-state sales taxes are staggering.