Tag Archives | financial crisis

Galbraith to Senate: There Must be a Radical Cleaning

James Galbraith gave written testimony to the Senate Subcommittee on Crime, Senate Judiciary Committee, on May 4, 2010. His testimony was blunt and worth reading in whole. Here are a couple of short bites: Ask yourselves: is it possible for mortgage originators, ratings agencies, underwriters, insurers and supervising agencies NOT to have known that the […]

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A Fistful of Dollars: Lobbying and the Financial Crisis

On December 31, 2007, the Wall Street Journal reported that Ameriquest Mortgage and Countrywide Financial spent respectively $20.5 million and $8.7 million in political donations, campaign contributions, and lobbying activities from 2002 through 2006 to defeat of anti-predatory lending legislation. Such anecdotal evidence suggests that the political influence of the financial industry contributed to the […]

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How Politics Shaped the Political Economy of Global Finance

The Political Economy of Global Finance Capital by Richard Deeg and Mary O’Sullivan review 6 influential books on the topic in light of the recent financial crisis. The most important developments highlighted: the move from a predominant focus on state-centered patterns of regulation to a more comprehensive understanding of the role of states and private […]

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