The Federal Reserve is finally admitting that not all the big banks are healthy: Bank of America won’t get to pay increased dividends. But none of those financial giants should be allowed to, and a logical look at the reasons t…
Given the level of public outrage over the government’s rescue of banks during the financial crisis, the final cost to the taxpayer of keeping those failed institutions afloat turns out to have been relatively modest: The FDIC …
Why is that so — when the average worker hasn’t enjoyed even a small raise? That’s because Wall Street enjoys at least four major advantages that other industries can only dream about, including an implied backstop against los…
After an exhaustive examination, DailyFinance’s legal reporter comes to a clear verdict. Banks have done three things to create the massive glut of foreclosures choking America’s legal systems and laying waste to its real estat…
It took about 10 years of decisions for the federal budget to get more than a trillion dollars out of whack, and it’s going to take at least five years to balance it again. The only way to do it is piece-by-piece, with equal sa…