Posts tagged as:

Wall Street

Michael Capuano (D-Mass) has some choice words for Wall Street CEOs

February 12, 2009

Capuano to CEOs: No One Trusts You Anymore | TPM TV

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Community Reinvestment Act

October 28, 2008
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Wall Street Hoped They’d Be “Wealthy And Retired” Before The House of Cards Fell

October 23, 2008

Wall Street Hoped They’d Be “Wealthy And Retired” Before The House of Cards Fell | Consumerist

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Wall Street panhandlers

October 10, 2008

Don’t Talk to Him, Honey, He’s a CEO! | Neatorama (via Consumerist)

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U.S. bank failures almost certain to rise in next year

October 5, 2008

U.S. bank failures almost certain to rise in next year | CNN

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This American Life explains the financial crisis & the bailout

October 4, 2008

This American Life has done two excellent shows to help ordinary folks like you and me understand the morass that is the U.S. economy.
A few months ago, in The Giant Pool of Money, Ira Glass and his crew explained the link between the housing crisis, the turmoil on Wall Street, subprime lending, and more. Follow [...]

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America needs smart, limited, enforceable regulations

October 2, 2008

With all the campaign rhetoric flying around as Congress scrambles to rescue its biggest campaign contributors, it is easy to lose focus on the underlying problem: how did we reach a point where Wall Street fat cats determine the stability of our country and the economic prosperity of regular Americans?
When the stability of Wall Street [...]

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Bailout bill fails; Dow plunges

September 29, 2008

Bailout bill fails; Dow plunges | CNN

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Wall Street’s losses

September 18, 2008

Screencap of the New York Times’s excellent infographic. The real thing includes a ton of information when you mouse over the squares.

A Year of Heavy Losses | New York Times (via BoingBoing)

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Commentary: How to prevent the next Wall Street crisis

September 17, 2008

My favorite: 5. We need better consumer protection laws, including laws that prevent predatory lending.” Commentary: How to prevent the next Wall Street crisis | CNN

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Wall Street’s meltdown: deregulation and lack of consumer protection

September 17, 2008

The StarTribune has a commentary on the current turmoil in the financial markets. While the latter half of the commentary turns into an endorsement of Obama,* the first part identifies the cause clearly and concisely: “The banking and investment industries have been inadequately regulated, and consumer protections were diminished.”
All the fancy highly sophisticated financial products [...]

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Securitization (or, why you can’t work out a lower mortgage payment)

April 10, 2008

“Securitization” is a hot word in money circles, but I don’t think many people outside of Wall Street know what securitization is or what it means. The Wikipedia entry on securitization is very good, but a bit technical. I think I can boil it down a bit more.
Any asset can be securitized. One asset we [...]

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Will Wall Street come clean?

December 5, 2007

Where has the Fed been? This is a good example of why federal preemption of banking regulation or any regulation is such a bad idea.
We have a national problem causing havoc across America and we have to wait for Attorney General Andrew M. Cuomo of New York subpoenaed major Wall Street firms including Merrill Lynch, [...]

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