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WASHINGTON (MarketWatch) — Massachusetts Senator-elect Elizabeth Warren is likely to focus her efforts on the Senate Banking Committee in areas that go far beyond her bread-and-butter expertise in consumer protection, analysts say. ...
In the media
Ronald D. Orol
How and why large financial institutions damage the middle class even if there is no financial crisis.
Blog
Wallace C. Turbeville
The financial industry is coming under growing scrutiny for its shady involvement in student loan debt.
Blog
Tamara Draut
The job of reforming Wall Street is far from finished. The most profitable investments for the big banks continue to be Washington lobbyists chipping away at reform and litigators challenging every major rule in court.
Blog
Wallace C. Turbeville
It's a sign of our shadowy times that the latest regulatory "reform" bill hasn't been laughed out of Washington. Same goes for the latest bankers' complaint, this time about being asked to cover their own bets. And if you think it's bad now, wait and see what happens if Romney takes over. Think
In the media
Richard Eskrow
As we celebrate Occupy Wall Street’s first birthday, the movement's pivoted from financial regulation to focus on crushing consumer debt. While reforming debt is crucial (particularly student debt), finance remains an imminent threat to the American economy. We shouldn't forget it.
Blog
Joseph Hines
Four years ago today, Lehman Brothers collapsed as Hank Paulson and his colleagues made the fateful decision that free market principles demanded that at least one bank crippled by the deteriorating financial system had to be sacrificed at the altar of moral hazard. These “deciders” had no idea of
In the media
Wallace C. Turbeville
The days between the Fourth of July and Bastille Day on the 14th are known for fireworks on both sides of the Atlantic. This year, more rockets and firecrackers than usual were going off, but they were inside hearing rooms in the British Parliament and the U.S. Congress. Barclays bank announced that
In the media
Wallace C. Turbeville
Every day brings more reminders of the terrible unfairness that besets our country, the tragic reversal of fortune experienced by millions who once had good lives and steady jobs, now gone. An article in the current issue of Rolling Stone chronicles “The Fallen: The Sharp, Sudden Decline of America
In the media
Bill Moyers
The movement has drawn some support from financial circles. Wallace C. Turbeville, a former Goldman Sachs banker who now is a senior fellow at Demos, a public policy research organization in New York, submitted testimony last month for the Senate Banking Committee in favor of more banking regulation
In the media
William Alden