All Articles on Glass-Steagall
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Views Blacklisting Progressives: The Untold Story Beneath the Daschle Headlines Amid the swirling headlines about Tom Daschle withdrawing his nomination for Health and Human Service Secretary is a very dark, very foreboding story that tells us a lot more about what to expect from the Obama administration than a single nomination fight. It is a story that every single voter who... Read more |
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Views Wither Wall Street Soon after the passage in 1999 of the Clinton-Rubin-Summers-P. Graham deregulation of the financial industry, I boarded a US Air flight to Boston and discovered none other than then-Secretary of the Treasury Lawrence Summers a few seats away. He was speaking loudly and constantly on his cell phone... Read more |
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Views The Great Recession The economists were the second to last ones to figure out we’re in a recession. The last one was George Bush himself, but he doesn’t care. He’s been phoning in his job for months now anyway. But people who were losing their jobs, people who were losing their homes, and all those who’ve seen their... Read more |
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Views Capitalist Fools Behind the debate over remaking U.S. financial policy will be a debate over who’s to blame. It’s crucial to get the history right, writes a Nobel-laureate economist, identifying five key mistakes—under Reagan, Clinton, and Bush II—and one national delusion. Read more |
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Views Beyond the Bailout: Agenda for a New Economy The financial crisis has put to rest the myths that our economic institutions are sound and markets work best when deregulated. Our economic institutions have failed, not only financially, but also socially and environmentally. This, combined with the election of a new president with a mandate for... Read more |
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Views Bush Sells Free Market as Cure-All, Despite Crash On Thursday, Bush gave a speech in New York about the financial crisis, and it was a laughable ode to the free market. It sure was an odd time for such an ode, since the free market is crashing down upon us. Ever incoherent, Bush himself admitted as much. "I'm a market-oriented guy, but not when I'... Read more |
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Views For the Left, This is Not the Time to Relax Lest anyone misunderstand what we are about to say, let us make it perfectly clear that the election of Barack Obama and the strengthening of the Democratic majorities in Congress please us greatly. It will take all of the energy, strength, focus and determination demonstrated by President-elect... Read more |
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Views Paulson's Plan B How do you stop a ship from sinking, and simultaneously rebuild it to prevent its future destruction? That was the question in the minds of the world's central bankers as they sat down over the weekend to figure out how to right the global financial Titanic. European leaders came up with a plan to... Read more |
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Views Dennis Kucinich on the Democrats’ Bailout Betrayal The passing of the $850-billion bailout pulled the plug on the New Deal . The Great Society is now gasping for air, mortally wounded, coughing up blood. It will not recover. It was murdered by the Democratic Party. We are on our own. And don't expect any help from Barack Obama and Joe Biden, who... Read more |
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Views The Specter of Wall Street Wall Street's Comeback as the Place Americans Love to Hate Read more |