All Articles on Glass-Steagall

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Foreclosure Fiasco
It's not working. The Bush-Obama strategy of throwing trillions at the banks to solve the mortgage crisis is a huge bust. The financial moguls, while tickled pink to have $1.25 trillion in toxic assets covered by the feds, along with hundreds of billions in direct handouts, are not using that money...
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Assigning Blame for the Economic Crisis
A government investigation into the financial crisis could promote economic reform and give Democrats a big political boost
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The Good, the Bad, the Ugly: Financial Sector Regulation
There are major gaps and shortcomings in the Obama administration's financial regulatory proposals, formally released today, and the proposals alone leave the financial sector vulnerable to future crisis. Still, it's nice to be able to say that the proposal does contain meaningful reforms. Whether...
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Obama's Economic Misfits Finally Get It
Now they tell us. On Monday, two men with considerable responsibility for enabling the banking meltdown confronted the error of their ways. Not directly, of course, for accountability is hardly the mark of either Lawrence Summers, the top White House economic adviser, or Treasury Secretary Timothy...
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Will This Financial Crisis Lead to True Reform or Plunder without End?
Will All The Financial Reforms Lead to Change or Just Prop Up the Status Quo?
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Frauds R' Us: The Scams and Crimes of Wall Street
Along With The Lies That Misled Us, and Frauds That Robbed Us
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Causes of the Crisis
Texas Obervers Editor's note: These remarks were delivered to a meeting of the Texas Lyceum in Austin on April 3, at a debate between University of Texas professor James Galbraith, an Observer contributing writer, and former Majority Leader Richard Armey, chief instigator of the recent Astroturf "...
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Enough with this '100 Days' Nonsense
Since Barack Obama's inauguration, the media have cast their reporting under the catchy title of "The First 100 Days." CNN has even designated April 29 as "Report Card Day." Only a fool would expect to know anything about a president's legacy a mere 100 days in. Since Barack Obama's inauguration on...
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Put Wealth on Trial
Congress needs to investigate the reasons behind the economic collapse -- the way Ferdinand Pecora probed the '29 market crash, and made tycoons confess their financial sins.
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A Fraud That Makes Madoff Look Small Time
Since Bernard L. Madoff was handcuffed and taken from his office by FBI agents, we have been made well aware of the nature of Ponzi schemes, fraudulent investment opportunities that pay off early participants with money from newcomers, not from returns on legitimate stock or bond holdings. Mr...
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