DOJ stands up to corporate greed
In back to back announcements the Department of Justice signaled it was standing up to unrestricted corporate business practices on Wall Street. Yesterday, the DOJ said it would bring criminal…
In back to back announcements the Department of Justice signaled it was standing up to unrestricted corporate business practices on Wall Street. Yesterday, the DOJ said it would bring criminal…
There is an interesting article in today’s New York Times business blog about the reverberation of subprime mortgage securities that are still being peddled by banks and financial institutions. Below…
Update: Thursday, August 9. Today Fannie Mae announced a quarterly profit of $10 billion and projected profits for the foreseeable future. When this dividend is paid, Fannie will have repaid…
There is an interesting article in today’s New York Times by Adam Davidson of NPR’s “Planet Money” that explores both sides of the economic spectrum about whether more or less…
Under the Affordable Care Act (ACA) many states that see the wisdom of compliance are setting up health insurances exchanges, but under a little known provision called the “Cadillac Tax,”…
Here is an example of why American democracy and, by extension, the economy is irrational in real terms. Banks and financial institutions such as investment ratings agencies like Standard and…
There is a concerted bipartisan effort to pass tax reform legislation among centrist Democrats and Republicans alike. However, the deep animosity between the radicalized House Republicans and the Obama Administration…
Labor leaders from the AFL-CIO called on President Obama and Gov. Rick Snyder to provide financial help to the struggling city of Detroit. The city filed for bankruptcy last week…
President Obama’s speech yesterday promising a renewed effort to turn the economy around and make prosperity work for all Americans is long overdue. Democrats must develop a more responsible economic…
FED Chair Ben Bernanke is widely believed to be stepping down at the end of his second term in January. Today he appeared before Congress to give his last biannual…