Will the new scrutiny House Financial Services Committee chairwoman Maxine Waters proposes prevent another financial crisis? Last week Ms. Waters pledged that this committee will keep an eye on the larger banks and pay closer attention to whether regulators were trying to weaken the safeguards and regulations enacted after the last financial crisis. What some… [Read More]
Breaking News: The Congress Blog posts my op-ed
Every once in a while I ask myself if I’m making any headway in getting the attention of Congress’ Senate Banking Committee and House Financial Affairs Committee. You may recall, this last year when I appeared on Bloomberg, I asked for a Congressional investigation into the “Too Big to Fail” malfeasance. Even though I keep… [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]