The Looming Banking Battle
Jeff Madrick is a contributor to the New York Review of Books and a former economics columnist for the New York Times. He is editor of Challenge Magazine, visiting professor of humanities at Cooper Union, and senior fellow at the New School's Schwartz Center for Economic Policy Analysis. He is the author of Taking America, The End of Affluence (Random House) and The Case for Big Government.
Chris Dodd's proposal to reregulate Wall Street puts Obama's efforts to shame-but it doesn't go far enough, says Jeff Madrick. Still, the fight brewing over the senator's plan will at least force Washington to face the reality of the banking mess.
How Big Banks Fleece You
Nomi Prins is author of It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street (Wiley, September, 2009). Before becoming a journalist, she worked on Wall Street as a managing director at Goldman Sachs, and running the international analytics group at Bear Stearns in London.
While the government bails out big banks, the big banks squeeze the little guy. The Daily Beast's Nomi Prins calculates how individual banking fees funds their risky activity.
October 18: 7 Best Moments From Sunday Talk
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Two top White House officials take shots at Fox News, Arlen Specter slams his old GOP pals, and John Kerry warns Obama about Afghanistan. That and more in our Sunday roundup.
Lloyd Grove is editor at large for The Daily Beast. He is also a frequent contributor to New York magazine and was a contributing editor for Condé Nast Portfolio. He wrote a gossip column for the New York Daily News from 2003 to 2006. Prior to that, he wrote the Reliable Source column for the Washington Post, where he spent 23 years covering politics, the media, and other subjects.
The Daily Beast Video curates the most essential and entertaining video, and brings you original and exclusive productions from our talented contributors.
Peter Beinart, senior political writer for The Daily Beast, is a professor of journalism and political science at City University of New York and a senior fellow at the New America Foundation.
Gerald Posner is The Daily Beast's Chief Investigative Reporter. He's the award-winning author of 10 investigative nonfiction bestsellers, ranging from political assassinations, to Nazi war criminals, to 9/11, to terrorism. His latest book, Miami Babylon: Crime, Wealth and Power—A Dispatch from the Beach, was published in October. He lives in Miami Beach with his wife, the author Trisha Posner.
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