The middle class is a hot political property for Republicans and Democrats alike, but the middle class can't be saved unless Wall Street is tamed.
Timothy Geithner sees the world through the eyes of Wall Street rather than Main Street, Reich writes, which complicates fiscal cliff negotiations.
Goldman Sachs posts higher-than-expected loss of $428 million. Quarterly loss is only the second since the firm went public.
Bank of America CEO says wealthy Bank of America clients would support 'millionaire tax' if money used to put US fiscal house in order. Google chairman says higher taxes wouldn't crimp his spending.
Robert Rubin and Paul O'Neil don't want a second stimulus but do want to keep the Bush tax cuts, which are a stimulus.
If Washington knew what was good for it and the nation, it would sever its financial connections with Wall Street. Better yet, it would enact legislation seeking to limit the impact of corporate money in politics. But that's not happening any time soon.
Obama has showered new tax perks on the poor and middle class while pledging to maintain many of the Bush tax cuts. But his tax code largess stops at wealthy households.