Bart Chilton, the colorful, mullet-sporting member of the Commodity Futures Trading Commission (CFTC), resigned this week, after casting a final vote to set position limits, which would regulate the number of commodity trades individual speculators c
JP Morgan gets to write off its $13 bill fine. Thanks to Congress, homeowners don't get to write off the help it provides.
The Media Can't Stop Sucking Up to Alan Greenspan
October 22, 2013
Alan Greenspan should be apologizing to the country. Instead, he's back without regrets—and the star-struck media lets him get away with it.
You Thought the Government Shutdown Was Over. You Were Wrong.
October 18, 2013
It was an awful time. Federal employees had to take unpaid furlough days. Beneficiaries were thrown off of federal programs. Courthouses had to be sold.
No Measly Shutdown Can Keep Congress from Sucking Up to Wall Street
October 01, 2013
Just because the government has shut down doesn’t mean Congress will cease its central function of making Americans’ lives miserable.
The Big Budget Battle the GOP Has Already Won
September 20, 2013
If you enjoy silence, a good place to camp out for the next couple weeks is the room in the Capitol Building designated for Congressional negotiations on the budget.
Maybe Eric Schmidt, Sheryl Sandberg, and Elon Musk Just Really Like Butte, Montana
September 17, 2013
The CEOs of the nation’s largest companies typically don’t have a reason to fly to Butte, Montana.
These Three Democrats Could Torpedo Larry Summers's Nomination
September 09, 2013
It has become glaringly obvious over the past couple months that President Obama wants to nominate Larry Summers to become the next chair of the Federal Reserve.
The 'London Whale' Case Lands Another Minnow
August 15, 2013
It’s unusual to see anyone from the financial industry held accountable for misconduct in the post-crisis era. Criminal charges are even rarer.
Obama's Plan for Fannie and Freddie Just Repeats Old Mistakes
August 07, 2013
President Obama's plan for Fannie and Freddie just repeats old mistakes.