The room filled with almost 300 bankers plus was very quiet. The 60 Minute interview with Steve Kroft, which told about what I had experienced at Citi, had just finished playing. There was a collective sigh when the clip stopped and I asked, “What would you do?,” if you had experienced widespread fraud, corruption and… [Read More]
Search Results for: DoDD-frank
Bernie Sanders Knocks Wall Street’s Casino-Style Gambling Tactics
Senator Elizabeth Warren applauds Bernie Sanders’ presidential bid, and says, “I think that Bernie Sanders is going to play out a vision for America and that it is important for people to hear what he has to say.” Progressive Democrats have been urging Senator Warren to make a bid for the presidency as well. However,… [Read More]
Unfinished Business and Financial Reforms with Elizabeth Warren
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]
Why Are Wall Street Bankers Taking Government Jobs?
In letters delivered to the Securities and Exchange Commission (SEC) this last month, Citigroup, Goldman Sachs, and Morgan Stanley are seeking exemption from a shareholder proposal, filed by the AFL-CIO labor coalition, which would force them to identify all their executives who are eligible for awards for entering government service, as well as the specific amounts in question…. [Read More]
Is Citi the next AIG… ?
An interesting and disturbing piece of news just came across my radar. The Office of the Currency Comptroller’s most recent report of the total amount of derivatives held at the Big 4 banks shows that Citibank has surpassed JP Morgan, Goldman Sachs and Bank of America with $70 trillion in holdings, making it the single… [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]
Senator Warren: Enough is Enough with “Too Big To Fail” Citigroup
Kudos to Massachusetts Senator Elizabeth Warren for ripping Citigroup apart last week in her challenge to Congress and exposing Wall Street’s continued unethical activities. Senator Warren vehemently objected to a little-known provision written by Citigroup and inserted in the year end funding bill that would undo a new financial regulation and allow Wall Street to… [Read More]
- « Previous Page
- 1
- …
- 4
- 5
- 6