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How stark racial disparities have long pervaded our financial services system, fueling and entrenching inequality, and why public banks are a transformative, equitable alternative.
Three years have passed since David (the American public) defeated Goliath (the big banks) and the Dodd-Frank Act became law. Implementation staggers forward and there have been some recent encouraging developments. But, overall, there is reason for serious concern about the fate of financial reform
In Citizens United v. FEC, the U.S. Supreme Court held that corporations were free to use money from the corporation’s treasury on political activity.1 Setting aside for a moment the many criticisms of the decision, Citizens United left open a number of questions about who at a corporation should
CFTC Chairman Gary Gensler has often said that weak rules on regulatory jurisdiction across borders could blow a hole in the bottom of financial reform. He is right. In a recent speech on the subject, he said: “All of these common- sense reforms Congress mandated, however, could be undone if the
This is the third of several papers examining the underlying validity of the assertion that regulation of the financial markets is unduly burdensome. These papers assert that the value of the financial markets is often mis-measured. The efficiency of the market in intermediating flows between
Dramatic new public policy initiatives are needed to accomplish two broad interrelated goals: to ensure that all Americans have a chance to move into the middle class and, second, to ensure greater security for those in the middle class.