big banks

The Ghosts of 'New Democrats' Are Haunting Us

The Ghosts of ‘New Democrats’ Are Haunting Us

May 1, 2018

Norman Solomon / TruthDig. Twenty-five years ago, the so-called New Democrats were triumphant. Today, their political heirs are eager to prevent the Democratic Party from living up to its name. At stake is whether democracy will have a chance to function. A fundamental battle for democracy is in progress—a conflict over whether to reduce the…

Deutsche Bank is Too Big to Fail, Too Big For Big Fines?

October 2, 2016

The German bank that was at the center of the LIBOR scandal is likely to face upwards of $5 billion in a settlement with the Justice Department, says economist Bill Black

Does a Golden Parachute Await Wells Fargo CEO John Stumpf?

September 21, 2016

Former financial regulator Bill Black explains why criminal prosecutions of executives time after time are not happening

Former Bush Treasury Official Agrees with Sanders on Breaking Up the Big Banks

March 1, 2016

Economist Gerald Epstein says President of Minneapolis Federal Reserve Neel KashKari’s Support of Bernie’s Banking Policy is Both Surprising and Welcome

Ralph Nader Report

December 14, 2014
Consumer advocate and activist Ralph Nader says the Democratic party is incapable of defending the American people from the worst Republican party in history

Congress to Pass Temporary Tax Breaks for Big Business for 15 Years Straight

December 12, 2014

Bush-era corporate tax breaks remain despite a continued slow economic recovery and account for more than $44 billion of lost revenue

The Epstein Report

December 1, 2014
The big banks snuck in a provision to gut the Dodd-Frank legislation that was passed to prevent another financial crisis, says Professor Gerald Epstein from Political Economy Research Institute at University of Massachusetts, Amherst

Dodd-Frank Still Not Fully Implemented Four Years Later

July 21, 2014

Gerald Epstein says that a fully-implemented Dodd-Frank Act does not require a breaking up of the big banks, which is needed to prevent another financial crisis

Hedges and Lessig on Money and Politics

July 17, 2014
Lawrence Lessig and Chris Hedges discuss the obstacles faced in an electoral challenge to the corporate party system