Top Five Inequality Moments of 2014

Top Five Inequality Moments of 2014

We’re now going on 7 years since the 2008 financial crisis made inequality a hot topic for Americans. Looking back on 2014, it’s easy to see inequality remains a top issue that hasn’t gone anywhere. Below is my roundup of the top 5 inequality moments of 2014 (of...
Too Big to Ignore

Too Big to Ignore

Three years after the Occupy movement first directed long-overdue attention to the scourge of inequality in America, the gulf between rich and poor has gotten too big for even the Federal Reserve to ignore. As Federal Reserve Chair Janet Yellen recently pointed out,...
The London Whale-Sized Loopholes in Wall Street Pay Reform

The London Whale-Sized Loopholes in Wall Street Pay Reform

Just weeks after his first inauguration, President Obama delivered a landmark speech on the dangers of over-the-top Wall Street pay. Today, more than five years later, he’s still nagging regulators to do something real about it. Wall Street pay practices, as Obama put...
How to Safely Scale Down the Fiscal Cliff

How to Safely Scale Down the Fiscal Cliff

Pundits pounced earlier this year when Federal Reserve Chairman Ben Bernanke warned that the country will face a “massive fiscal cliff” at the beginning of 2013. It seemed we had to extend the Bush tax cuts — or else. Lost in these arguments is what...

The Tea Party Downgrade: Gambling America’s Future on Wall Street

The downgrading of the U.S. economy by Standard & Poor’s exposes a grim reality: that the economic recovery from the 2008 Wall Street debacle was fiction. That fiction is becoming more evident every day as mothers and fathers try to feed their children while...
How to Liberate America from Wall Street Rule

How to Liberate America from Wall Street Rule

Wall Street received a generous public bailout and quickly recovered. Main Street continues to languish. Politicians and pundits rarely inquire into the reasons for the disparity. Doing so would expose the reality that the United States is ruled as a plutocracy, not a...

A Banker who Gets It

Populist banker. Now those are two words you rarely see linked together. But Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, truly is a rarity. Firmly rooted in small-town Iowa and Kansas, he has never aspired to be part of the Wall...