Topic: Glass-Steagall Act
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Robert Reich With sequester underway, what should Obama do next?
With the sequester enacted, President Barack Obama must reframe the public debate around the future of the country and the investments we must make together in that future, rather than austerity economics, Reich writes.
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Robert Reich Will Timothy Geithner lead us over or around the fiscal cliff?
Timothy Geithner sees the world through the eyes of Wall Street rather than Main Street, Reich writes, which complicates fiscal cliff negotiations.
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Robert Reich How Obama can defeat Romney: Break up the big banks.
President Barack Obama should counter Mitt Romney’s extraordinary solicitude toward Wall Street with a proposal to cap the size of the nation’s biggest banks, Reich writes.
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Robert Reich Mitt Romney and Obama's big ideas for saving the economy? Not this election.
Mitt Romney and Barack Obama are both banking on negative campaigning to get elected. But neither Mitt Romney nor the President are offering any new or bold ideas for rescuing the worst economy since the Great Depression.
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Robert Reich Big bank engineer rejects big banks. Will Obama and Romney follow?
Sandy Weill, who was instrumental in Wall Street banks becoming "too big to fail," has come out in favor of breaking up the big banks. Will one of the presidential candidates take up Weill's proposal?
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Robert Reich Scandal of scandals: Barclays corruption probe digs up new dirt
When it comes to Wall Street, many of us suffer outrage fatigue and cynicism that nothing will ever be done to stop these abuses. The question is whether the unfolding Barclays scandal will provide enough energy to finally force a change.
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Robert Reich Mitt Romney, Bain Capital and the New Gilded Age
The system that made Mitt Romney's fortunes at Bain Capital is the same one largely responsible for the greatest concentration of the nation’s income and wealth at the very top since the Gilded Age of the nineteenth century.
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Robert Reich Economy's real problem? The spenders can't spend.
The recovery has been slow, but not because of Europe's debt crisis, Wall Street, or high taxes. American consumers, whose spending is 70 percent of economic activity, don’t have the money to buy enough to boost the economy.
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Robert Reich Obama should attack what Bain and JPMorgan have in common
Rather than lobbing generalized attacks at Mitt Romney and American business, Obama should attack a particular kind of capitalism that Romney and JPMorgan both practice: using other peoples’ money to make big bets which, if they go wrong, can wreak havoc on the economy.
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Robert Reich Obama's disappointing response to JPMorgan Chase
Even if he didn't want to criticize Jamie Dimon, the president could have used the occasion of JPMorgan Chase's $2 billion trading loss to come out squarely in favor of tougher financial regulation. He didn't.
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Robert Reich JPMorgan collapse: Can we regulate Wall Street now?
JPMorgan Chase & Co., the nation’s largest bank, announced Thursday that it had lost $2 billion in risky trades over the past six weeks. It adds fuel to the argument that Wall Street needs to be more heavily regulated.
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Robert Reich What Obama's plan for fixing the economy should be
'We’re on the right track' isn’t a sufficient plan. The President has to offer the nation a clear, bold strategy for boosting the economy.
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Robert Reich Income inequality highlighted on Tax Day
Income inequality is at its worst in nearly a century, with the highest earners paying low tax rates in the face of a massive federal deficit and crumbling public services. To lessen income inequality, we must curb the political power of the very rich.
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Robert Reich How does the uber-wealthy Romney pay so little in taxes?
Romeny's low tax rate, and how he achieved it, provides an important lesson in how tax laws need to change.
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Robert Reich The GOP is confused about public morality
The real threat to American morality is what's happening in corporate board rooms, not people's private lives.
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Robert Reich Mitt Romney and the Bain of capitalism
If Romney's opponents are going to accuse him of doing things that are bad for society during his time at Bain Capital, then they need to propose laws that would prevent such things from happening in the future. They won't.
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What Obama must do if he gets a second term
Many are prepared to help Obama get reelected if he commits to fix the country's broken financial system
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Greeks' choice–and ours: Democracy or finance?
Greek Prime Minister George Papandereou called for a national vote on the budget cuts Europe has proposed for his country. Shouldn't US voters have had the same choice?
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Why Obama should call for a breakup of big banks
What better way for the president to distinguish himself from Romney than to condemn Wall Street’s antics since the bailout and call for real reform?
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Republican debates have lots of viewers, but no answers
Tonight’s Republican debate may attract lots of viewers. It need not capture their minds.
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The rise of the regressive Right and the reawakening of America
A fundamental war has been waged in this nation since its founding, between progressive forces pushing us forward and regressive forces pulling us backward. But whenever privilege and power conspire to pull us backward, the nation eventually rallies and moves forward.
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'Occupy Wall Street' the Left's Tea Party? Maybe, but...
If Occupy Wall Street coalesces into something like a real movement, the Democratic Party may have more difficulty digesting it than the GOP has had with the Tea Party.
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What you won't hear about during the 2012 election
Why progressive ideas like wage increases and medicare won't be mentioned during presidential debates
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'Job-killing' rhetoric is a distraction
Talk in Washington of ending 'job-killing regulations' isn't helping the US create any more jobs.
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Finance bill: A mountain of paper, a molehill of reform
The American people will continue to have to foot the bill for the mistakes of Wall Street’s biggest banks because the legislation does nothing to diminish their economic and political power.
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