Protesters from the “99 percent” movement marched on the Upper East Side More… of New York City Tuesday, planting themselves on a block between FAO Schwarz and Bloomingdale’s where high-profile members of New York’s moneyed elite live.
If the 5,000 plus demonstrators that marched to the Mortgage Bankers Assocation (MBA) annual meeting in Chicago on Monday are any indication, the city has had enough of the MBA. More…
The fervor drawn from the Occupy Wall Street protests More…, which began about two weeks ago in New York City, has elicited plans for spin-off protests in Texas and other states.
From today’s Wall Street Journal:
Women are fading from the U.S. finance industry.
In the past 10 years, 141,000 women, or 2.6 percent of female workers in finance, left the industry. The ranks of men grew by 389,000 in that period, or 9.6 percent, according to a review of More…
This morning, a little, wonky blog post is creating a lot of controversy. Economics of Contempt writes:
Here’s a scary thought: Let’s say the European sovereign debt crisis flares up again, and one or two Euro banks fail. (Not a bank like UBS or Deutsche Bank, but a medium-sized bank More…
Today, the Financial Crisis Inquiry Commission — the bipartisan panel examining the causes of the financial crisis that plunged the country into recession — is up with another round of hearings More…. The FCIC is due to complete a comprehensive report, à la the Pecora Commission that studied the 1929
Despite the media and political More… attention paid to strategic default, we actually don’t know that much about it. The phenomenon is as old as the Great Depression, but has not been common in decades. We do not know how prevalent it has become. We do not know the extent to
Former health-care executive Rick Scott has released an ad attacking his Florida Republican gubernatorial primary opponent, Attorney General Bill McCollum, on his role in the financial crisis. Specifically, the ad attacks his vote as a congressman for the Gramm-Leach-Biley Act More…, which passed by wide bipartisan margins in 1999 —
