It’s been five years since the 2008 financial crisis upended the global economy, and while corporate profits and national output have recovered, there are still 4.7 million fewer private sector jobs than at the beginning of the …
Too-Big-To-Fail
Former Citigroup Head Sandy Weill Calls for Breaking up the Banks
Since the financial crisis of 2008, there have been a host of critics of the banking industry who have called for hard caps on the size of banking institutions, as well as the separation of commercial banking activity like …
Former TARP Official: Both Parties are Captive to the Big Banks
While the current presidential race has predictably devolved into a series food fights over tax returns and awkward speech wordings, the nation’s economy limps weakly along. In addition, the causes of the 2008 financial crisis …
LIBOR Scandal: The Crime of the Century?
The latest interest-rate-fixing LIBOR scandal is being heralded as the most egregious in a generation
“Not Unless the Earth Gets Struck by the Moon” and Other Highlights from Jamie Dimon’s House Hearing
Jamie Dimon returned to Capitol Hill yesterday for round two of his congressional testimony concerning JPMorgan’s springtime trading fiasco.
Wednesday at 10:00 a.m.: The Public Whipping of Jamie Dimon
It’s one of the few things Congress is demonstrably good at these days: the open flagellation of American businessmen. The unprecedented sums of money doled out by Congress to private industry since 2008 has given Congress the …