The More Things Change The More They Stay The Same

Private industry lobbyists wrote Obamacare and Dodd-Frank for their benefit. To this day, they continue to try to modify to legislation to their benefit. They even write the actual laws!

Here’s the latest egregious example. Citigroup wrote—and got the Congresspeople in its pocket to pass—a law that lets banks trade derivatives with regular depositors’ money. Check out NPR’s article.

Opposites Attract? Not in Today’s America

Joe Costello comes on the show today to discuss his new book Of By For: The New Politics of Money, Debt, and Democracy to discuss how the extreme partisanship of American politics, interwoven with the influence of money, has derailed the Grand Experiment that America was launched under.

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Blodget: Big banks are ‘kids playing with dynamite’

JP Morgan CEO Jaime Dimon would have us all believe that his banks’ $2 billion trading loss was “just a stupid mistake.” But Henry Blodget (@hblodget), CEO and Editor-in Chief of Business Insider, agrees that this is just the latest indication that the shadow banking system has not gone through enough reform.

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‘Laughter’ and jokes fill Fed transcripts

More details from the transcripts detailing what happened inside the Fed during the financial crisis, and talks with Senator Bernie Sanders, I-Vt., about the revolving door between the Fed and the financial sector.

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Will the JOBS Act Open the Door to Better Networks for Investment?

During today’s Megapanel we had a debate on the just-freshly-passed JOBS (Jumpstart Our Business Startup) Act. The act was hailed as a bi-partisan effort meant to help small businesses grow, hire and go public more quickly — here’s what we like about it.

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The Scale of the Problem

On the blog Calculated Risk, Bill McBride had a reasonable post criticizing my article that I co-authored with Eliot Spitzer. Here’s our response.

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