There are vast differences between the lives of a rich person and a poor person. As someone who finds himself in the former category, I know that the majority of these differences privilege my experiences and opportunities over the other. In a truly democratic and safe society, these benefits should stop once the criminal justice system enters into the equation, but this is not the … Continue reading Do Millionaires Worry About Going to Jail?
The separation of church and state in our country’s federal and state governments is one of the most appealing aspects of our democracy. Without it, millions of Americans would be forced to follow legislation created with their neighbor’s God in mind, and church donations could be funnelled to candidates, unfettered. The resulting legislation would ultimately infringe on the rights and liberties of many non-believers or … Continue reading The Importance of the Johnson Amendment
On February 1, 2018, Janet Yellen’s term as The Chair of the Board of Governors of the Federal Reserve System (Fed Chair) ends, and a Trump appointee will succeed her.
Language is powerful. We have come to believe certain things about our government because we have been fed a steady diet of metaphors that embed scary images in our minds.
Our lawmakers’ arguments over raising the debt ceiling aren’t just reckless – they’re pointless. Congress should end its outdated budget control rules.
Back in 2008 Henry Paulson, the Treasury Secretary in the Bush administration, needed to put billions of dollars of the taxpayers money at risk to bail out the big banks. We as a nation have decided that we never want to do that again.
Congress finally got the message from the American people. And the message they received is clear: major political donors should have more money and more influence on politics.
Senator Ron Johnson’s June 26 op-ed in the New York Times is fundamentally wrong about health insurance.
During every election cycle it seems that all anyone can talk about is the necessity for a dramatic change in the political system. Yet, each time a new Congress is sworn in, it seems to be more of the same.
The Congressional Budget Office released its forecast earlier this week on the Senate Republican Plan to dismantle Obamacare. It’s not pretty …
I have a question for my old friends in the coal-mining towns of northeastern Pennsylvania.
Last Friday President Trump signed an executive order that laid the groundwork for repealing Dodd-Frank, the financial regulation legislation put in place in the aftermath of the 2008 financial crisis intended to keep an economic disaster of such magnitude from happening ever again.
President Trump has nominated Hardee’s and Carl’s Jr. owner Andrew Puzder to lead the Department of Labor for the next four years. Should Congress approve or reject this nomination? A brief look at the functions of the Department of Labor and Puzder’s background supplies the obvious answer: Puzder cannot become the Secretary of Labor. Congress established the federal Department of Labor in 1912. The legislation … Continue reading Abandoning America’s Workers, Starting at the Top
Elected officials are unavoidably more inclined to answer to organized efforts by a small number of financial services executives who have a vested interest in continuing to make money than to the many Americans trapped in debt who do not have the means to get in front of their elected officials.
“We don’t think it is right for lenders to loan money disregarding a borrower’s inability to repay, intending to make profit on the resulting fees and eventual default. The payday lending industry should not have a business model of trapping average Americans in the cycle of debt,” said Chair of the Patriotic Millionaires Morris Pearl, former Managing Director at BlackRock Inc., one of the largest investment funds in the world.
Stephen made a compelling and provocative argument that many corporate executives were raping their companies with the consent of the voting shareholders. He made a strong case that facilitating this was creating a risk to BlackRock’s reputation, just as allowing sexual harassment creates a risk to company’s reputations.
BlackRock almost always votes its shares in favor approving higher CEO pay for the companies in which they are invested… Our member, Steve Silberstein, disagrees.
By allowing financial advisors to put their own interests ahead of their clients, the few bad actors will be unfairly competing with the many ethical financial advisors who actually do a good job.
“Protect America’s Consumers” is actually a trade group trying to protect the payday lending industry from regulation.