CEO refuses to resign for the two million fake accounts the company opened in its customers' names.
It's time we set an example and put these crooks and thieves in prison or at least fire them from their well-paid jobs.
Gretchen Morgenson isn't a household name, and probably never will be. But on Wall Street, everybody knows her.
If it were my decision, first I would try to talk Ben Bernanke out of leaving, since he is the closest thing to a "Depression scientist" that has ever been in the job.
In 2010, economists Carmen Reinhart and Kenneth Rogoff (know in the econ trade as "R & R") released a paper, "Growth in a Time of Debt."
"The man of great wealth owes a particular obligation to the state," Teddy Roosevelt noted a century ago, "because he derives special advantages from the mere existence of government."
If you want any more evidence that U.S. corporate executives and financial finaglers are nothing more than crooks in costly suits, all you needed to was right on the front page of The New York Times.
The European Union's response to the economic chaos gripping the continent seems a combination of profound delusion, and what British a reporter called "sado-monetarism" -- endless cutbacks, savage austerity, and widespread layoffs.
Housing, labor, and civil rights advocates and elected officials are giving a thumbs up to the accord reached between 49 state attorneys general and banks involved in the mortgage crisis.