Sep 26 The Ray Rice video last week; today, the ear-opening audio from inside the Fed By Simone Pathe The financial world woke up to an unsettling surprise Friday. Former New York Fed employee Carmen Segarra recorded 46 hours of private meetings inside the Fed, revealing the institution's often too-cozy relationship with the too-big-to-fail banks it's charged with regulating. Continue reading
Sep 25 What contemporary capitalism needs to learn from fairy tales By David Bosworth Six years ago, during the fall of 2008, the financial world was unraveling. But the origins of the Great Recession weren't simply monetary; they were moral, argues University of Washington professor David Bosworth. And yet, virtual America continues to miss… Continue reading
Aug 22 In Bank of America settlement, who’s feeling the pain? By Simone Pathe The day after Bank of America's record $16.65 billion settlement with the Department of Justice, Making Sen$e looks back at how the bank increased their holdings of risky mortgages and looks forward at whom -- from consumers to shareholders --… Continue reading
May 29 Why the Fed has made our eventual fall more painful By Chris Martenson Former big pharma executive Chris Martenson, who sold off everything and moved his family to the country, speaks with Paul Solman about exponential growth and the danger of our debts exceeding -- by nearly double -- our economic growth, while… Continue reading
May 04 Watch Small businesses left in lurch when local banks collapse By PBS News Hour Did the federal government do enough to protect small businesses after the banks they relied on collapsed during the 2008 financial crisis? Correspondent Rick Karr investigates what the FDIC did with the assets it took over. Continue watching
Feb 06 The housing crisis: What’s the Fed’s excuse? By Charles Calomiris, Stephen Haber The massive increases in risky mortgages and thin bank capital requirements underlying the financial crisis wouldn't have been possible without the Fed’s willing participation. But the Fed doesn't act alone. In this adaptation of their forthcoming book, Charles Calomiris and… Continue reading
Jan 31 Ben Bernanke’s legacy: A critique from the left By Dean Baker As Fed Chairman Ben Bernanke closes out his term, how will he be remembered? In the first of several economists' perspectives, Dean Baker sees a checkered legacy. Continue reading
Aug 10 Watch News Wrap: DOJ Will Not Prosecute Goldman Sachs in Financial Fraud Probe In other news Friday, the Department of Justice issued a statement that they will not go forward with prosecutions of Wall Street firm Goldman Sachs, due to a lack of evidence to support financial fraud allegations. Also, Sikh mourners held… Continue watching