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Missing, Not Missed: CEOs in Obama Cabinet
To the multitude of differences between the Obama administration and its predecessors, add the absence of corporate CEOs from Cabinet meetings. The reason is simple, reports Politico: There aren't any....
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Brown's Woes Offers Obama Reality Check
The Bush administration has taken much of the blame for the American recession, but a "huge housing bubble and a financial crisis" were always on the cards, as Paul Krugman writes for the New York...
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Obama Sold Us Out to Wall Street
President Obama's change from man of the people to friend of Wall Street is one of the biggest political turnarounds in history, writes Matt Taibbi. As soon as he was elected, Obama ditched his...
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Citi Execs 'Sorry' for Financial Crisis, But...
Citigroup's former CEO Chuck Prince and former chairman Robert Rubin sure are sorry that their bank’s toxic assets struck a near-fatal blow to the economy and necessitated a $45 billion federal...
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Villains of Financial Crisis Hide by Boring Us
If you’re like Peggy Noonan, you devoured CSPAN’s coverage of this week's Financial Industry Inquiry Commission hearings, and you got to see, live, the dramatic testimony of ex-Citigroup CEO Charles...
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Motto for Our Era: Don't Blame Me
Watching Alan Greenspan's don't-blame-me testimony on Capitol Hill leads Frank Rich to pronounce that "we live in a culture where accountability and responsibility are forgotten values." It's always...
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SEC: Citigroup Execs Lied
Citigroup 's top brass lied about their knowledge of the firm's subprime losses, the SEC alleges. Court fillings from the SEC suggest former chief executive Charles 'Chuck' Prince and former senior...
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Treasury Preparing to Hit Debt Limit
The Obama administration is loudly warning that failure to raise the debt ceiling would be an economic catastrophe —but it’s also quietly bracing itself for that possibility, scrounging under the...
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OK, Obama, Now Can We Get Tough on Wall Street?
Back when President Obama took office in 2009, many assumed he'd reform the Wall Street system that had just blown a hole in the economy. "It turned out we were either naïve or stupid," author William...
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