Goldman Sachs is doing to aluminum exactly what Enron did to energy in the late 1990s and early 2000s: create phony bottlenecks to restrict supply to rip off consumers and skew markets in their favor for things society vitally needs.
Let's face it. The biggest bank regulator in the U.S. is an abject failure. Worse, it's costing us oodles of money, and not just from bounced checks.
In it first 365 days, the Consumer Financial Protection Bureau has already done more to protect the American public than this do-nothing Congress has accomplished since it was sworn in back in the dawn of 2011.
Batman just wants to do his job of protecting Gotham from crime. And the CFPB wants to do its job of protecting consumers from financial predators. Perhaps as the Dark Knight Rises to defeat the princes of evil, American voters should finally stand up to this army of darkness.
If the recall vote in Wisconsin is any hint of what is to come in the next few months, caveat emptor will be the catch phrase of the marketplace and government will go from being our protector to being a supplicant of the one tenth of one percent.
It may be that what we are actually watching is a not very subtle food fight between our two political parties for campaign cash. Simply stated, this is not about Dimon's management skills, rather it is about his wallet.
So far, payday lenders have contributed at least $1.32 million to federal candidates this election cycle, according to the
He also says that Rep. Suzanne Bonamici (D-Ore.), elected earlier this year with the industry's help, went to work for them
Few fight harder in Washington than your cuddly local lenders. But both sides use such relative metrics to criticize the
The Office of Congressional Ethics is investigating the chairman of the House Financial Services Committee over possible
Grassley slammed the decision. "It's astonishing and extremely disappointing that the House would fulfill Wall Street's wishes
The letter is signed by Sens. Chuck Grassley (Iowa), Orrin Hatch (Utah), Jon Kyl (Ariz.), Jeff Sessions (Ala.), Lindsey Graham
The other day I was asked what one single thing could do the most to save our economy. What one idea or tool might help us create a more just society? My answer was "shame."