Phil Angelides, who chaired the committee evaluating the causes of the financial meltdown and recommending changes to prevent another one, has written a very strong letter objecting to proposals to roll back the protections of Dodd-Frank. March 5, 2018 The Honorable Mike Crapo Chairman, U.S. Senate Committee on Banking, Housing, and Urban Affairs 239 Dirksen…
Tag: financial meltdown
The Women of Abacus Bank Talk About the Failed Prosecution and the New Documentary
On Huffington Post, VEA Vice Chair Nell Minow writes about a new documentary about the failed prosecution of the only bank indicted following the subprime financial meltdown, Abacus. “Abacus: Small Enough to Jail” is a new documentary from “Hoop Dreams” director Steve James about a tiny, family-run Chinatown bank that was the only financial institution…
Documentary About Economics from a Monty Python Alum:
Coming soon: “Boom Bust Boom” from Monty Python alum Terry Jones, featuring economists and activists. Boom Bust Boom Trailer from BoomBustClick on Vimeo.
‘The Big Short,’ Housing Bubbles and Retold Lies – The New York Times
Paul Krugman writes about the efforts by Wall Street to cover up the real reasons behind the financial meltdown, including attacks on the brilliant new film, “The Big Short,” based on the book by Michael Lewis. While the movie gets the essentials of the financial crisis right, the true story of what happened is deeply…
