Elizabeth Warren’s New Bankruptcy Plan Is a Big Dig at Joe Biden
Chris Carlson/Associated Press On Tuesday, Elizabeth Warren released a plan for, in her campaign’s words, “fixing our bankruptcy system to give people a second chance.” Warren, who taught bankruptcy law at Harvard and spent years as a consumer advocate on the matter, is returning to the issue that drew her into politics. But less than one…
How the 2010s Brought Back Strikes, School Walkouts, and Social Movements
Occupy Wall Street protesters wave signs and banners outside the Park Avenue home of JP Morgan Chase CEO Jamie Dimon in October 2011.Andrew Burton/AP With economic inequality at the highest levels in decades, the climate in crisis, and a political system often unable to address popular demands or even elect the people’s choice, the last…
Progressive Challengers Hammer Incumbent Dems Over AIG Birthday Party
A man enters an AIG office building in 2009 in New York. American International Group Inc. used federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar US government bailouts.Mark Lennihan/AP Insurance giant AIG held a 100th birthday party in the House Ways and Means Committee’s hearing room…
Photos: Inside the Raucous, Colorful Protest that Shut Down “Wall Street West”
Leidesdorff Street, a shadowy corridor stretching just three blocks, is hardly the hub of San Francisco’s downtown Financial District. Yet for a few hours on Wednesday morning, a lively climate change protest swept through the alley, turning it into the front line in the fight for divestment—a movement to force big banks and financial institutions…
How Trump’s Political Appointees Helped Big Banks Avoid Tougher Punishments
Since Donald Trump’s election, federal white-collar enforcement has taken a big hit. Fines and settlements against corporations have plummeted. Prosecutions of individuals are falling to record lows. But just how these fines and settlements came to be slashed is less well understood. Two settlements with giant banks over financial crisis-era misdeeds provide a window into…
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