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Stockman takes on the banks as instruments of the impoverishment of the U.S. economy and of the American middle class. He derides the loose monetary policy of the Fed, that has encouraged insane and socially unproductive behaviours of the American banks.
Grouped Articles
Wall Street Journal 04/18/2013
New York Times 07/21/2011
Taxing Wall Street Down to Size
New York Times 01/20/2010
Four Deformations of the Apocalypse
New York Times 07/31/2010
Tom Keene Talks with David Stockman
BusinessWeek 08/12/2010
Opinions Are Split on Fed Policy Move
Wall Street Journal 11/01/2010
Lawsuits by states against U.S. banks on behalf of homeowners with mortgages and others who suffered losses.
Grouped Articles
Vote Ushers In New Era in Oversight of Lending Practices
New York Times 07/16/2013
J.P. Morgan Reaches $4.5 Billion Settlement With Investors
Wall Street Journal 11/17/2013
Ohio Attorney General Takes Strong Stand on Crisis
New York Times 10/11/2010
State Attorneys General Take Helm in Mortgage Mess
New York Times 10/29/2010
How the Banks Put the Economy Underwater
New York Times 10/30/2010
Bank Challenger Picked to Run Consumer Agency
Wall Street Journal 07/18/2011
Bernanke's role in the financial crisis of Sept 2008.
Grouped Articles
Fed Chairmanâs Departure Casts a New Light on the Bush Legacy
New York Times 07/26/2013
Reflections by America’s Buddha of Banking
New York Times 01/16/2014
Robert Samuelson: Bernanke’s triumph -; and defeat - The Washington Post
Washington Post 01/27/2014
Ben S. Bernanke - What the Fed did and why: supporting the recovery and sustaining price stability
Washington Post 11/04/2010
New View Into Fed's Response to Crisis
Wall Street Journal 02/22/2014
Dream Mortgage Bailout Has a Darker Side
Wall Street Journal 04/03/2009
Grouped Articles
Wall Street Journal 12/21/2010
Financial Crisis Was Avoidable, Inquiry Concludes
New York Times 01/25/2011
In Financial Crisis, No Prosecutions of Top Figures
New York Times 04/14/2011
Federal Agencies' Responses on Enforcement Actions
New York Times 04/14/2011
Red Flags on NovaStarâs Mortgages Were Unheeded
New York Times 05/21/2011
Wall Street Journal 06/23/2011
Grouped Articles
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Wall Street Journal 10/02/2010
Economy Falling Years Behind Full Speed
New York Times 04/07/2009
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/2016
Economist 10/01/2009
Economist 10/01/2009
A record of few prosecutions of senior executives of the companies that engaged in practices that led to the financial crisis of 2008. Various reasons are cited - the fragility of the financial system in 2009, the lack of cooperation from regulatory agencies, lack of funding for the FBI and the Justice Department to assign special staff for the effort.
Grouped Articles
Stern Words for Wall Streetâs Watchdogs, From a Judge
New York Times 12/16/2013
SEC-Citi Pact Rejected by Judge Rakoff
Wall Street Journal 11/28/2011
New York Times 09/29/2014
In Financial Crisis, No Prosecutions of Top Figures
New York Times 04/14/2011
Federal Agencies' Responses on Enforcement Actions
New York Times 04/14/2011
As Wall Street Firms Grow, Their Reputations Are Dying
New York Times 04/27/2011
Failure of the Obama administration to reduce foreclosures and help homeowners. A worsening foreclosure situation leads to a continuing decline in housing prices and hampers an economic recovery in the U.S. This is something Martin Feldstein grasped very early during the 2008 financial crisis and made proposals for helping homeowners under water.
Grouped Articles
Washington Post 09/06/2011
Book portrays dysfunction in Obama White House - The Washington Post
Washington Post 09/17/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Plunge in Home Sales Stokes Economy Fears
Wall Street Journal 08/25/2010
Wall Street Journal 12/31/2013
Charlie Rose Talks to Robert Reich
BusinessWeek 10/21/2010
The Fed documents the impact of the financial crisis of 2008-2009 on American families. Half the middle class is dislocated financially by the crisis and minorites fare badly. Median incomes drop 8% and housing asset values drop an average of 42%. Median net worth down 39% taking it back to where it was in 1992. American families work down their debt, reducing credit card balances.
Grouped Articles
Wall Street Journal 09/14/2011
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Americaâs Sinking Middle Class
New York Times 09/18/2013
Wall Street Journal 09/17/2010
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Wall Street Journal 04/04/2009
Soul searching at the IMF, Britain's Financial Services Authority and among experts about the lack of serious changes or reforms in the financial system after the global financial crisis of 2008. Bondholders did not take a haircut in Ireland, and large banks are still "too big to fail." A sense that this could happen again.
Grouped Articles
Wall Street's Giants Try 'Flow Monster' Formula
Wall Street Journal 05/20/2013
GE Capital, AIG to Get More Government Oversight
Wall Street Journal 07/09/2013
Obama Presses Regulators to Finish Financial Rules
Wall Street Journal 08/20/2013
Weâre All Still Hostages to the Big Banks
New York Times 08/25/2013
Volcker Rule to Curb Bank Trading Proves Hard to Write
Wall Street Journal 09/10/2013
After a Financial Flood, Pipes Are Still Broken
New York Times 09/14/2013
Effects of the crisis on Latin American economies.
Grouped Articles
Tide Reverses in Latin America
Wall Street Journal 09/08/2013
Emerging-Market Slide Tests How Much Nations Learned From Past
Wall Street Journal 01/30/2014
U.S. Recession Stymies Mexico's Growth for 2009
Wall Street Journal 01/09/2009
World Bank Says Global Economy Will Shrink in ’09
New York Times 03/09/2009
New York Times 04/01/2009
Brazil’s ‘Teflon’ Leader Nicked by Slump
New York Times 04/03/2009
Norway weathered the financial crisis of 2008-2009 with prudent banking policies, frugal spending, and used the opportunity to enhance investments in equities of companies around the world from its wealth fund.
Grouped Articles
Thriving Norway Provides an Economics Lesson
New York Times 05/14/2009
Taxing Wall Street Down to Size
New York Times 01/20/2010
Phil Angelides, California state Treasurer, heads the commission. The commission will attempt to get at the roots of the financial crisis, keep the public informed about why this happened, and bring those who violated laws to the attention of the nation's law enforcement agencies.
Grouped Articles
Panel Told of F.B.I. Efforts to Fight Financial Crime
New York Times 01/15/2010
Wall St. Ethos Under Scrutiny at Hearing
New York Times 01/14/2010
Few Burns for Four Bankers on the Hot Seat
New York Times 01/14/2010
Voices That Dominate Wall Street Take a Meeker Tone on Capitol Hill
New York Times 01/14/2010
Financial Inquiry Widens to Include Past Regulators
Wall Street Journal 01/14/2010
New York Times 01/15/2010
Grouped Articles
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
The Great Stagnation in American Education
New York Times 09/07/2013
Americaâs Sinking Middle Class
New York Times 09/18/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
Meyerson, Ignatius and others ask the tough questions about America and the prospects for a future with a disappearing middle class, pointing to the need to structure globalization and build cooperation between workers, management and the government in new constructive ways.
Grouped Articles
Americaâs Sinking Middle Class
New York Times 09/18/2013
State of the Union: Obama Seeks to Narrow Income Gap
Wall Street Journal 01/29/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
New York Times 02/08/2012
Falling Wages at Factories Squeeze the Middle Class
New York Times 11/20/2014
Washington Post 11/22/2014
Figures from the Center of Labor Market Studies of Northeastern University in Boston showing unemployment of 9% in the $40,000 to $50,000 annual household income group and going up to 31% at the lowest income group. Higher inequality as differences in education between lower income and higher income Americans grows. The problem of the long term unemployed is a serious one.
Grouped Articles
Wall Street Journal 09/14/2011
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
New York Times 06/22/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
The Great Stagnation in American Education
New York Times 09/07/2013
If only 1.9 million hourly workers earned more than $20 per hour in April 2008, when the deep downturn that hit in October 2008 had not ocurred and the shift to part time employment and lower auto related wages was just underway, what would the numbers look like by 2010? And what does that mean for consumption? Does it prolong the downturn with demand slow to pick up? What does it mean for exports from China?
Grouped Articles
Americaâs Sinking Middle Class
New York Times 09/18/2013
State of the Union: Obama Seeks to Narrow Income Gap
Wall Street Journal 01/29/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Falling Wages at Factories Squeeze the Middle Class
New York Times 11/20/2014
Washington Post 11/22/2014
U.A.W. Contract With Fiat Chrysler Would Give 2nd-Tier Workers Big Raise
New York Times 09/18/2015
Dimon's first encounter with the losses at the bank was through an account of Chief Investment Office trader Iksil's trades in the Wall Street Journal on April 6, 2012. The trader was referred to as the "London Whale" and large losses were mentioned. This has raised questions about whether banks of the size of JP Morgan can even be effectively managed by a CEO. The decision by the U.S. Federal Reserve, Treasury and regulators to encourage the merger of failed financial firms Bear Stearns and Washington Mutual with JP Morgan Chase- ostensibly because no mechanism to wind down such firms existed- not only created a mega bank but also created additional risks from banks too big to manage.
Grouped Articles
Wall Street Journal 05/04/2013
'London Whale' Penalties Put at $500 Million to $600 Million
Wall Street Journal 08/28/2013
Embattled J.P. Morgan Bulks Up Oversight
Wall Street Journal 09/13/2013
Dimon Vows to Fix JP Morgan's Compliance Problems
New York Times 09/17/2013
New York Times 10/15/2013
J.P. Morgan Reaches $13 Billion Tentative Deal with Justice Department
Wall Street Journal 10/20/2013
Financial crisis from the widespread distribution of securities created from pools of subprime mortgages in the portfolios of finacil institutions around the globe. How credit rating agencies helped create the crisis by giving A ratings to these securities which were then widely distributed as credit worthy.
Grouped Articles
BusinessWeek 04/01/2010
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Recipes for Ruin, in the Gulf or on Wall Street
New York Times 06/11/2010
S. & P. E-Mails on Mortgage Crisis Show Alarm and Gallows Humor
New York Times 02/05/2013
S&P to Pay $1.5 Billion to Resolve Crisis-Era Litigation
Wall Street Journal 02/04/2015
Wall Street Journal 02/27/2008
Grouped Articles
âAlchemistsâ Looks at Central Bankersâ Handling of Crisis
New York Times 05/04/2013
BusinessWeek 04/01/2010
How the 'Wolf of Wall Street' Really Did It
Wall Street Journal 01/04/2014
Wall Street Journal 03/06/2009
An Ambitious Look at Wall Street's Convulsions
BusinessWeek 10/29/2009
Financial Crisis Was Avoidable, Inquiry Concludes
New York Times 01/25/2011
Stories by Lowenstein, Gross and Lewis.
Grouped Articles
âAlchemistsâ Looks at Central Bankersâ Handling of Crisis
New York Times 05/04/2013
On Wall St., A Culture of Greed Won't Let Go
New York Times 07/15/2013
Commentary: First, Slap Limits on Bank Leverage
BusinessWeek 03/11/2010
BusinessWeek 04/01/2010
How the 'Wolf of Wall Street' Really Did It
Wall Street Journal 01/04/2014
Wall Street Journal 03/06/2009
Deutsche Bank's image takes a hit in an alleged carbon credit value added tax fraud. Its headquarters in Frankfurt are raided by German police and investigators. Co-CEO Jurgen Fitschen's call to the Governor of Hesse protesting the raid is criticized in Germany as intervening in an ongoing investigation of the bank. Earlier Deutsche Bank's role in the 2008 financial crisis with its participation in the mortgage securities market in the U.S. came under criticism. This also raised the question whether a change in management with the two new co-CEO's made in mid 2012 has changed the culture at the bank.
Grouped Articles
Deutsche Bank Plans to Extend Contract of Co-CEO
New York Times 09/11/2013
Deutsche Bank Hit By Legal Costs
Wall Street Journal 10/30/2013
Deutsche Bank Deserves Bite Bair Gave It
Wall Street Journal 06/07/2010
Deutsche Loss Underlines European Economy’s Dependence on Banks
New York Times 01/20/2014
Executive Who Committed Suicide Anxious Amid Deutsche Bank Probes
Wall Street Journal 03/26/2014
German Financial Watchdog Bites Back
Wall Street Journal 03/28/2014
The role that Greenspan's philosophy of letting markets do their own thing without any sort of restraint or checks played in the collapse in 2008 across the US, Europe and emerging markets.
Grouped Articles
His Legacy Tarnished, Greenspan Goes on Defensive
Wall Street Journal 04/08/2008
Taking Hard New Look at a Greenspan Legacy
New York Times 10/09/2008
Asian Officials Push Back Against Savings Glut Theory
Wall Street Journal 07/04/2009
A Year After a Cataclysm, Little Change on Wall St.
New York Times 09/12/2009
Summers Says More Regulators Could Join Fed to Police Risk
Wall Street Journal 09/12/2009
Fed Chooses Staff Economist as Head of Bank Supervision
Wall Street Journal 10/21/2009
Hispanics and blacks counted housing equity as a much bigger part of their assets than whites. The recession and financial crisis of 2008 wiped out fully two thirds of the median net worth of Hispanic families and one half for Black families, with both groups having close to $6000 in total median net worth in 2010, according to data from Pew surveys.The recession has proved to be severe in its impact on minorities, and the election of a black president has done little to improve things- especially considering the dismal record of the Obama administration in helping prevent foreclosures.
Grouped Articles
Racial Wealth Gap Widened During Recession
New York Times 04/28/2013
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Obama, Empathy and the Midterms
New York Times 09/25/2010
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Economic Recovery Yields Few Benefits for the Voters Democrats Rely On
New York Times 05/19/2014
Geithner Book Reveals Consensus, Not VIsion, During Financial Crisis
New York Times 05/21/2014
Bernanke responds to the criticism that low interest rates he supported helped cause the 2008 mortgage and financial crisis.
Grouped Articles
Central Bankers Hone Tools to Pop Bubbles
Wall Street Journal 07/08/2013
Reflections by America’s Buddha of Banking
New York Times 01/16/2014
New York Times 10/16/2014
Fed chief Bernanke urges better financial regulation to prevent crises
Washington Post 01/04/2010
Wall Street Journal 12/13/2012
The Fed and the Crisis: A Reply to Ben Bernanke
Wall Street Journal 01/10/2010
The Econmist's Simon Nixon and other experts present their conclusions about what is likely to follow the biggest financiall crisis since the great depression. 25 million jobs will be lost before all this is over in the 30 rich countries of the OECD.
Grouped Articles
Economist 10/01/2009
Economist 10/01/2009
Economist 10/01/2009
Wall Street Journal 05/22/2010
Financial Crisis Was Avoidable, Inquiry Concludes
New York Times 01/25/2011
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
The FBI investigates mortgage and other financial fraud after the finacial crisis of 2008-09.
Grouped Articles
Panel Told of F.B.I. Efforts to Fight Financial Crime
New York Times 01/15/2010
In Financial Crisis, No Prosecutions of Top Figures
New York Times 04/14/2011
Trial Win Adds to Momentum in Crackdown
Wall Street Journal 05/12/2011
Red Flags on NovaStarâs Mortgages Were Unheeded
New York Times 05/21/2011
New York Times 06/13/2011
Wall Street Journal 06/23/2011
Grouped Articles
In Bank Crisis Report, a Whodunit With Laughs and Tears
New York Times 01/29/2011
Washingtonâs Financial Disaster
New York Times 01/29/2011
From Financial Crisis a Best Seller
New York Times 01/31/2011
At Last, Bernie Madoff Gives Back
New York Times 02/12/2011
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
Taxing Wall Street Down to Size
New York Times 01/20/2010
A squandered opportunity says Stiglitz of Obama's handling of the economy. He presents his vision and solution and action plan.
Grouped Articles
Washington Post 09/06/2011
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
Charlie Rose Talks to Robert Reich
BusinessWeek 10/21/2010
Geithner's Plan: Loopholes Galore
BusinessWeek 04/01/2009
New York Times 04/01/2009
Voters’ Second Thoughts on Hope and Change
New York Times 11/04/2014
Grouped Articles
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
New York Times 09/12/2013
New York Times 12/15/2013
Geithner's Plan: Loopholes Galore
BusinessWeek 04/01/2009
New York Times 04/01/2009
Officials Cast Wide Net in Monitoring Occupy Protests
New York Times 05/22/2014
Stockman sees a failure to recognize budget reality in Obama's plan to avoid taxes on the middle class. He also sees a similiar failure in Paul Ryan's effort to shield defense and the rich, while at the same time focussing most of the cuts on the poorer sections of society. He says both plans put off cuts and taxes till way into the future- from 12 years to 20 years into the future.
Grouped Articles
Wall Street Journal 04/18/2013
Why we need a third party - The Washington Post
Washington Post 09/26/2011
New York Times 10/20/2013
Charlie Rose Talks to Paul Ryan
BusinessWeek 09/16/2010
The Bipartisan March to Fiscal Madness
New York Times 04/23/2011
New York Times 07/07/2011
HUD Sec. Shaun Donovan calls the subprime lending a scourge for minorities, as foreclosures are hitting the minority neighborhoods the hardest. It may even widen the disparity in incomes between minorities and whites as the middle class black homeowners in places like New York State are losing ground.
Grouped Articles
Racial Wealth Gap Widened During Recession
New York Times 04/28/2013
What would MLK say to President Obama? - The Washington Post
Washington Post 08/28/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Economic Recovery Yields Few Benefits for the Voters Democrats Rely On
New York Times 05/19/2014
New York Times 05/19/2014
Bernie Sanders and other leaders who see this as a problem with the plans for U.S. deficit reduction that are under discussion.
Grouped Articles
Low Interest Rates Are Squeezing Seniors
Wall Street Journal 03/30/2010
Americaâs Sinking Middle Class
New York Times 09/18/2013
State of the Union: Obama Seeks to Narrow Income Gap
Wall Street Journal 01/29/2014
Bernie Sanders’s Revolutionary Roots Were Nurtured in ’60s Vermont
New York Times 07/03/2015
Similarities Aside, Bernie Sanders Isn’t Rerunning Howard Dean’s 2004 Race
New York Times 08/09/2015
Livin’ Bernie Sanders’s Danish Dream
New York Times 02/12/2016
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