In a presentation Elizabeth Warren gave at the Levy Institute’s 24th annual Hyman P. Minsky Conference, she asked: what are we to make of Dodd-Frank five years later? She asked us to go back to the Wall Street crash of 1929 and how the government responded to it. In response to the crash, our policy… [Read More]
Who Owns Congress?
The recent efforts from Citi and the banking establishment to repeal key provisions of the Dodd- Frank reform bill and the furor it is causing may have some positive effect. The public is getting more insight into how the Too Big To Fail banks are writing the rules. According to Scott Burns, Dallas Morning news… [Read More]
How Wall Street Foils Truth, Trust, Transparency and Democracy
Headlines recently focused on Citigroup and its blatant power over government with the inclusion of a Citi-written provision in year-end funding legislation that guts part of Dodd-Frank’s restrictions on banking. It seems that while we were paying attention to, as Senator Elizabeth Warren (D-Mass.) labeled it, Wall Street institutions’ extraordinary influence in Washington’s corridors of… [Read More]
