All Articles on Glass-Steagall

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It's The Deregulation, Stupid
Speaking at Cooper Union in New York City on Thursday, Barack Obama went where few Democrats have dared to go in the past quarter-century: He made a case for more regulation. As part of a speech on his economic platform, Obama depicted the current economic crisis as a consequences of deregulation...
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Who Gets Us out of the Mess?
Are the folks who led us into the mess the best ones to lead us out? Yesterday in a speech on credit crisis, Hillary Clinton called for the president to appoint an "Emergency Working Group on Foreclosures," led by "a distinguished non-partisan group of economic leaders like Alan Greenspan, Robert...
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Financial Forces Run Amok
Without regulation, the invisible hand of the market is robbing us blind.
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Home Sweet Gone
Behind every great bubble and its subsequent bust lies the power of Wall Street's trading operations. In the case of our national housing market saga and toxic subprime fallout, it's true that banks and specialist lending institutions rapaciously extended credit to ill-equipped borrowers. But that'...
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Citigroup: Too Big to Fail?
The fall of Citigroup is a resonant political event--akin to the Republican Party's failure to win reform of Social Security--only this time the bell tolls for the Democratic Party. The creation of Citigroup as an all-purpose financial supermarket and too-big-to-fail banking marvel was very much...
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The Bubble Economy
The financial meltdown is the logical consequence of deregulation. Will we reverse field in time to prevent another 1929?
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Enron Democrats
If left-labor-liberal progressives had the cohesion and muscle of their right-wing opposites, they would be articulating a simple-to-understand litmus test for the Democratic Party--no "Enron Democrats" on the presidential ticket in 2004. That precondition would eliminate a number of presidential...
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Crime in the Suites
There Are More Enrons Out There; The Rot is Systemic
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