UMKC

Financial Regulator Shutdown, Halts Investigations of Wall Street Crimes

October 9, 2013

The CFTC is shutdown in the middle of implementing Dodd Frank financial regulations. The main U.S. regulatory agency responsible for monitoring commodity markets has ceased most of its operations during the government shutdown. The Commodity Futures Trading Commission (CFTC) oversees commodity markets, like oil and corn. It adopts regulatory rules, and monitors markets and trading…

Would Janet Yellin as Fed Chair Mark a Shift in Economic Policy?

October 9, 2013

Bill Black: Yellin’s confirmation marks a victory for progressive democrats?

Why Larry Summers Track Record of Failure Actually Helps His Fed Nomination

September 5, 2013

Bill Black: Larry Summers theory of finance: banks are too brilliant to fail and regulators are idiots.

Wall Street Journal Considers Zero Prosecutions of Banks Excessive

August 29, 2013

The department of Justice claims they are cracking down on bank fraud but they are mostly imposing fines and targeting small fish

Bank of America Escapes Criminal Charges for Securities Fraud

August 8, 2013

Bill Black: Bank of America facing civil charges but BOA and other major financial fraudsters off the hook from criminal charges

Why the Right Should Support the Return of Glass-Steagall

July 17, 2013

Bill Black: Glass-Steagall prevented a classic conflict of interest that any side of the aisle can blatantly see

Caught On Tape: Irish Bankers Laugh About Never Repaying Bailout

July 3, 2013

Bill Black: Tapes reveal Anglo Irish Bank executives laughed as they manipulated Irish Government into 16 billion dollar bailout the knew they would never repay

Former Top Regulators Tell Congress to Rein in Big Banks

June 27, 2013

Three former financial regulators testify to the House Financial Services Committee in support of reinstating Glass-Steagall legislation and addressing Too Big to Fail Banks.

Ex-Employees Say Bank of America Rewarded Fraudulent Foreclosures

June 20, 2013

Bill Black: Bank of America and other financial giants undeterred by Obama Admins weak oversight and enforcement of industry

Bank Profits Soar, Wages Suffer Sharpest Decline in 60 Years

June 6, 2013

Bill Black: The economy is recovering – unless you work for a paycheck.