"Buyer's remorse" is the way John Cornyn, the Senate Republicans' fundraiser, gleefully refers to Wall Street moguls' current disenchantment with the US president they thought they had bought.
Obama's endorsement of what he calls the 'Volcker Rule' for once puts him squarely on the side of ordinary Americans as opposed to the banking bandits who have so thoroughly fleeced the public.
A freeze on discretionary spending may poll well, but it endorses ignorance of how the federal government spends its money.
Treasury Secretary Timothy Geithner was summoned to testify before the House yesterday to answer two questions: why did he sign off on AIG paying full value on insurance for bad assets, and what was his role in the decision not to disclose that?
The first casualty of the president's political debacle will likely be Timothy Geithner, the severely over-confident treasury secretary well-known as a lapdog of Wall Street.
On the FCIC's second day of hearings, witnesses examined how Wall Street incentivized and why the Federal Reserve didn't stop subprime lending.
The federal inquiry hearings inevitably leads to the question: why aren't any these big players already in jail? And no, Bernie Madoff doesn't count.
Day 1 of the Financial Crisis Inquiry Commission didn't find any good answers to the causes of the financial crisis--but don't give up on the commission yet.
Katrina vanden Heuvel wonders if we can radically rethink our economic system.
The Financial Crisis Inquiry Commission sent a strong message by putting Wall Street titans under oath, but answers about the financial crisis proved evasive.