Walmart Dodges African “Blood Minerals” Rule

blood diamonds

t must have seemed like a good idea at the time, when Senators Chris Dodd and Barney Frank drew up the landmark regulatory bill that bears their names. One of its lesser-known provisions required U.S. companies to list the inclusion of any “conflict minerals,” mined in or near the violence-plagued Democratic Republic of the Congo, […]

The Shameful Murder of Dodd Frank

dodd-frank-wide

Robert Reich: Wall Street has effectively neutered the Dodd-Frank law, which is the best argument I know for applying the nation’s antitrust laws to the biggest banks and limiting their size.

Wall Street’s Political Poison Still Catnip for Many Incumbents

Robert Reich: Today’s quiz: At a time when California’s Republican gubernatorial candidate Meg Whitman is losing ground to her Republican rival in the primary because of her ties to Wall Street…when Wall Street is political poison, why are politicians still so intent on doing its bidding?

Financial Reform Too Small to Succeed

wall street reform

Joseph Palermo: The financial reform legislation currently winding its way through the Congress is a step in the right direction but it retains too much of the status quo that brought down the economy in the first place. The key problem, as many economists have been telling us, is that the top financial institutions remain “too big to fail.” Congress can enact all the regulations it wishes but even the best written rules won’t be enough to prevent another financial meltdown.

Lincoln to the Rescue

Paul Volcker, Blanche Lincoln

Robert Reich: Blanche Lincoln wants to force the banks to put their derivatives into separate entities that aren’t subsidized by you and me. This is just common sense. Her move would also end the big banks’ monopoly over derivatives, thereby reducing their risk to the financial system. It would also cut dramatically into the big banks’ profits.

Republican Strategy on Financial Reform: Make Democrats Look Like Patsies for the Street

Many faces of Mitch McConnell

Robert Reich: Republicans have been looking for a way to oppose Senate Dems on financial reform without looking like patsies for the Street. And now they think they’ve found it — by trying to make Democrats look like patsies for the Street. The strategy is surely the handiwork of Republican pollster Frank Luntz who for months has been telling Republicans “the single best way to kill any legislation is to link it to the Big Bank Bailout.”

Why the President’s Next Big Thing Should Be Jobs

Unemployed

Robert Reich: Including all those who have entered the job market since the bottom fell out, the nation is about 11 million jobs short. The President ought to use his second honeymoon to get a jobs bill that will make a difference.

Who’s Killing Financial Reform?

Senator Chris Dodd

Robert Reich: Congress isn’t doing a thing about Wall Street because it’s in the pocket of Wall Street. Dodd’s outburst at the Street is like the alcoholic who screams at a bartender “how dare you give me another drink when all I’ve done is pleaded with you for one!”

Obama Finally Gets Tough on Wall Street

Wall Street Bailout

Robert Reich: But suddenly the winds are blowing in a different direction over the Potomac. The 2010 midterms are getting closer, and the Dems are scared. Their polls are plummeting. The upsurge in mad-as-hell populism requires that Democrats become indignant on behalf of Americans, and indignation is meaningless without a target. They can’t target big government because Republicans do that one better, especially when they’re out of power. So what’s the alternative? Wall Street.

Why Obama Must Take on Wall Street

Wall Street Bailout

Robert Reich: It has been more than a year since all hell broke loose on Wall Street and, remarkably, almost nothing has been done to prevent all hell from breaking loose again.

Elect the Barack Obama-Jim Webb Ticket

Jim Webb and Wife

Now that Barack Obama has emerged as the Democratic Party’s presidential nominee, our attention turns quickly to which running mate would most help secure victory in November and who would stand that proverbial heartbeat away from the presidency. Earlier this week, Linda Milazzo proposed on these pages the provocative and engaging choice of Caroline Kennedy. […]

Related Posts Plugin for WordPress, Blogger...