Working Life

   Look, it isn’t surprising. The entire financial community wants nothing to do with stronger oversight–even though stronger oversight would help prevent another meltdown, though, if you are a CEO of a bank or a big financial institution, the lesson you’ve learned from the last go-around is that you won’t suffer personally…    So, they’ll […]

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  If I was Lloyd Blankfein and you told me that I could pockets hundreds of millions of dollars in compensation, play a key role in a scam that cost millions of people their jobs, sent the economy into one of the worst economic tailspins in a half century, escape any personal jail time for […]

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   Health care gets teed up and…the people get half-a-loaf. An economic crisis requiring at least $1 trillion to create jobs–and the people get half-a-loaf. And, ladies and gentlemen, just to keep us consistent, financial reform…half-a-loaf.    Here’s the explanation:  

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   Well, let’s see where this goes: A top Senate Democrat said Monday he was optimistic lawmakers would move forward with legislation overhauling financial markets this week, as the Obama administration and congressional Democrats sought to build support for the measure ahead of a Senate vote. Sen. Christopher Dodd (D., Conn.), who chairs the Senate […]

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   Some random notes on the debate over reforming the financial system. The Brits continue to lead the charge on the bank tax–perhaps driven by the fast-approaching elections in which, if you believe the polls, the ruling Labor Party is going to lose its governing majority…perhaps a harbinger of things to come here. So, Gordon […]

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    Chris Dodd has put his regulatory reform bill on the table. Bottom line: it is, at best, average–and certainly does not do what needs to be done to remake the rules of the economy.     The biggest flaw, in my opinion, is giving the Federal Reserve Board more power, particularly placing consumer protection in […]

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   It is hard to overstate how out-of-touch the insiders in Washington are–and how much they are far more attuned to the demands of Wall Street and the financial powers-that-be. You can’t find a better example than the apparent bi-partisan deal to give the Federal Reserve Board more power–and, most astonishingly, the power to protect […]

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