Trump Cabinet Signals Embrace of Wall Street Elite
We told you so, America. Trump voters have elected a billionaire business man, with a myriad of conflicts of interest between his private companies and his new public position, and…
We told you so, America. Trump voters have elected a billionaire business man, with a myriad of conflicts of interest between his private companies and his new public position, and…
From NYT’s “The Great Divide” Blog by Jacob Soll: “A population well-versed in double-entry accounting will not immediately solve our complex financial problems, but it would allow average citizens to…
From the New York Times Blog “DealBook” by Steven Davidoff: Big paydays on Wall Street often come under laserlike scrutiny, while Silicon Valley gets a pass on its own compensation…
From the “Economix” Blog of the New York Times by Simon Johnson: There is a tendency in recent American political discourse to use the term “populism” as a form of…
From today’s New York Times Editorial Observer by Teresa Tritch: In recent years, it has become increasingly clear that no prominent banker would be prosecuted for fraud in the run-up…
From the LA Times: Guess how many Americans correctly answered this basic financial question: Is the stock of a single company usually safer than a mutual fund? A) 100% B)…
Five federal regulatory agencies approved the so-called “Volcker Rule” today, restricting commercial banks from trading stocks and derivatives for their own gain and limits their ability to invest in hedge…
By THOMAS O. MCGARITY, From the “Great Divide” Blog, New York Times Onine AUSTIN, Tex. — President Obama’s speech on inequality last Wednesday was important in several respects. He identified…
Check out this informative video that provides a graphic representation of wealth inequality in the U.S. and the gap in perception between what people think an ideal distribution of wealth…
From today’s NYT DealBook Blog: More than a year after a group of traders at JPMorgan Chase caused a multibillion-dollar loss, government authorities on Thursday imposed a $920 million fine…