Last week, the bank agreed to a record-setting $16.65 billion settlement for selling toxic mortgage securities during the housing boom. The deal includes $30 million for legal aid programs, but it’s not enough.
- June 18, 2014Thanks to the efforts of people like Anat Admati and Sheila Bair, there is some good news in the area of financial reform, focused on greater equity in the financial system.
- June 12, 2014 | Economy & Work
In a recent TedX talk, Stanford economist Anat Admati likens Wall Street executives and financial analysts to the emperor in the memorable children’s fairy tale. Continue reading
- October 22, 2013 | Blog
Better late than never grumpy citizens can say, but someone still needs to go to jail. Continue reading
- September 21, 2013 | Blog
A collection of interviews with politicians, policymakers, journalists and one ex-banker about the systemic flaws that led our economy to the brink of collapse. Continue reading
- May 2, 2013 | Blog
Last week, Wells Fargo bankers traveled from San Francisco to Salt Lake City for their shareholders meeting, but activists weren’t deterred. Continue reading