Economist Dean Baker says that after such a sharp run-up in stock prices, “it really shouldn’t be a surprise to anyone that you’re going to see some downturn in the market”
The good news is that President Trump has been slow to nominate heads for regulatory agencies, says white-collar criminologist Bill Black. The bad news is that Trump will pick someone eventually to replace Richard Cordray
The Senate voted 51-50 to repeal a rule that would have made it easier for consumers to sue the financial institutions that defraud them. The move is “outrageous,” says white-collar criminologist Bill Black. “It should be a national scandal, and require resignations in disgrace”
New report finds bank executives receive big bonuses, while 39% of frontline bank employees must rely on welfare because of insufficient wages
Kevin Zeese: Obama administration’s Fast Track authority plan derailed by bipartisan outrage.