The Remarkable Political Stupidity of the Street

waive bank fees

Robert Reich: Wall Street is its own worst enemy. It should have welcomed new financial regulation as a means of restoring public trust. Instead, it’s busily shredding new regulations and making the public more distrustful than ever.

Sheared by the Shorts: How Speculators Fleece Investors

ellen brown

Ellen Brown: When done on a large enough scale, short selling can force prices down, allowing assets to be picked up very cheaply.

Financial Regulation Kills Jobs? Perhaps Not

Marian Wang: But separate from the jobs created to actually handle new regulation, others have pointed out that regulations can have a long-term, positive effect on overall economic growth by preventing the types of crises that put an industry on life-support.

Elizabeth Warren You Rock

The New Sheriffs Of Wall Street

Wendy Block: I don’t know if the world would improve if women ran it. Our decision-making and problem-solving brain centers are proportionally larger than men’s. Same with emotions, perhaps a mixed blessing. And anxiety tends to lead women to reach out to others, often at their own expense, whereas men generally get all “fight or flight.”

Exec Bonuses/Newsroom Outsourcing a Virtueless Circle

Michael Sigman: The decimation of the media industry, and particularly the newspaper business, has meant the elimination of health insurance benefits not only for the tens of thousands thrown out of work but also for the many writers, designers and others now forced to freelance. Media companies have to make cuts to stay in business, and some outsourcing is inevitable. But rewarding execs with big bonuses for, in effect, taking away workers’ health insurance is unconscionable.

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