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WHAT’S THE ISSUE? The Commodity Futures Trading Commission was mandated under the Dodd-Frank Act to impose position limits on agricultural, energy and other commodities for the purpose of "diminishing, eliminating... Read More
That's the lead in Politico's Morning Money today, which -- again -- prints verbatim a blind quote from an unnamed "top financial industry insider."  You have to wonder what these masters of the... Read More
Billionaire hedge fund manager John Paulson lives in a 28,500-square-foot limestone mansion in the posh upper East Side of New York City, a poster child of the excesses of Wall Street, as the inimitable James B. Stewart... Read More
"In shocking news, it was reported today that Wall Street bankers have a dim view of the people protesting Wall Street.  Who could believe that?  Even more shocking, those very same bankers will only express... Read More
Financial reform will come to the US when you never see another headline like this from the front page of today's New York Times:  "Romney Beating Obama in a Fight for Wall Street Cash."  (Read here... Read More
No one is better than Toles for nailing a subject, not only with a cartoon, but also with pithy commentary at the bottom corner.  Today's from the Washington Post proves that yet again.  See it here
When 70% of US GDP depends on spending, cutting anything in a time of low to no economic growth, high unemployment and high economic anxiety only means that there will be less growth, lower tax revenues, and higher deficits... Read More
"Bleak doesn't come close to describing how bad things are for America's workers: 'From 2000 to 2010, median income in the U.S. declined 7% after adjusting for inflation, according to Census data. That marks... Read More
The Wall Street bailouts cost taxpayers and our country dearly.  Anyone thinking that the Wall Street bailouts made money has to look at the full range of programs put into place by the Fed, the Treasury, the FDIC and... Read More
The Wall Street bailouts cost trillions and many of those costs continue today.  There is no accurate, honest and complete accounting of the bailout costs that results in a profit, but that myth, indeed, that lie,... Read More
What is happening in the world when President Reagan's former Chairman of the Council of Economic Advisors Martin Feldstein is talking more sense about the mortgage crisis in the country than the Democratic President or... Read More
“If you demonize the banks you demonize the American people,” the Republican Chairman of the House Financial Services Committee just said in an interview on Fox Business News.  Equating the American people... Read More
4.6 job seekers for every opening is how bad the job market is.  This is an historic and unprecedented employment crisis of mammoth proportion that is going to ripple throughout our economy, our communities and our... Read More
If the 2008 crisis proved anything it was that industry self-regulation is a total failure and an invitation for excess, recklessness and taxpayer bailouts.  The anti-regulatory zealots let the financial industry... Read More
The global crisis-transmission belt (AKA, the interconnected, nontransparent global financial system) is working overtime right now, although most policy makers are pretending it isn't.  That's why Jesse... Read More
A monopoly is when one market player controls the market.  Everyone knows what that means and that it's bad because the monopolist can charge basically whatever it wants for its products.  No competition, no... Read More
"Banks Increase Holdings in Derivatives," blared the headline.  Hard to believe that this is happening just 3 years after the financial meltdown, as the article also noted:  "The derivatives industry... Read More
People sometimes say that Washington DC is disconnected from America, but it would be hard to compete with the disconnect between Wall Street and the rest of the country.  A Bloomberg headline really says it all:... Read More
600 words isn't much, but no one does more with them than Paul Krugman.  In 2 columns, he has concisely and devastatingly ripped the curtain that the superrich and powerful and their allies and protectors hide... Read More
If you wonder how really bad the economy is, today's New York Times has a front page article about 2 recent studies that really lay it out.  Entitled "Recession Officially Over, US Incomes Keep Falling,"... Read More