Multinational Monitor

JAN/FEB 2009
VOL 30 No. 1

FEATURE:

Wall Street's Best Investment: 10 Deregulatory Steps to Financial Meltdown
by Robert Weissman
and James Donahue

INTERVIEWS:

Cleaning Up the Mess: New Rules for Financial Regulation
an interview with
Ellen Seidman

Closing the Regulatory Gap: Derivatives and the Hedge Fund Industry
an interview with
David Ruder

Foreclosed: The Failure to Regulate Abusive Lending Practices
an interview with
Debbie Goldstein

DEPARTMENTS:

Behind the Lines

Editorial
Simple Finance

The Front
Chevron Escapes Liability - Ecuador's Debt Default

The Lawrence Summers Memorial Award

Book Note

Greed At a Glance

Commercial Alert

Names In the News

Resources

Resources

Organizations Publications

New America Foundation
1630 Connecticut Avenue, NW
7th Floor
Washington, DC 20009
www.newamerica.net

Center for Responsible Lending
302 West Main Street
Durham, NC 27701
www.responsiblelending.org

Consumer Federation of America
1620 I Street, NW, Suite 200
Washington, DC 20006
E-mail: cfa@consumerfed.org
www.consumerfed.org

National Consumer Law Center
7 Winthrop Square
Boston, MA 02110
E-mail: consumerlaw@nclc.org
www.consumerlaw.org

Essential Action
P.O. Box 19405
Washington, DC 20036
E-mail: action@essential.org
www.essentialaction.org

Consumer Education Foundation
E-mail: harvey@honestanswers.org
www.honestanswers.org

AFL-CIO
815 16th Street, NW
Washington, DC 20006
www.aflcio.org

Center for Economic
and Policy Research
1611 Connecticut Avenue, NW Suite 400
Washington, DC 20009
E-mail: cepr@cepr.net
www.cepr.net

ACORN
739 8th Street, SE
Washington, DC 20003
E-mail: natacorndc@acorn.org
www.acorn.org

United for a Fair Economy
29 Winter Street
Boston, MA 02108
E-mail: info@faireconomy.org
www.faireconomy.org

Center for American Progress
1333 H Street NW, 10th Floor
Washington, DC 20005
E-mail: progress@americanprogress.org
www.americanprogress.org

Economic Policy Institute
1333 H Street, NW,
Suite 300, East Tower
Washington, DC 20005
E-mail: epi@epi.org
www.epi.org

National Community
Reinvestment Coalition
727 15th Street, Suite 900
Washington, DC 20005
www.ncrc.org

Demos:
A Network for Ideas & Action
220 5th Avenue
New York, NY 10001
E-mail: info@demos.org
www.demos.org

Center for Community Change
1536 U Street, NW
Washington DC, 20009
E-mail: info@communitychange.org
www.communitychange.org

Center for Responsive Politics
1101 14th Street, NW, Suite 1030
Washington, DC 20005
E-mail: info@crp.org
www.opensecrets.org

Public Citizen’s
Congress Watch
215 Pennsylvania Avenue, SE
Washington, DC 20003
E-mail: congress@citizen.org
www.citizen.org/congress

Consumers Union
101 Truman Avenue
Yonkers, NY 10703
www.consumersunion.org

U.S. Public Interest Research Group (PIRG)
44 Winter Street, 4th Floor
Boston, MA 02108
www.uspirg.org

U.S. Public Interest Research Group
Financial Markets Center
www.fmcenter.org

Taxpayers for Common Sense
651 Pennsylvania Ave, SE
Washington, DC 20003
E-mail: info@taxpayer.net
www.taxpayer.net

National Council of La Raza (NCLR)
Raul Yzaguirre Building
1126 16th Street, NW
Washington, DC 20036
E-mail: comments@nclr.org
www.nclr.org

EarthRights International
1612 K Street, NW, #401
Washington, DC 20006
www.earthrights.org

Political Economy Research
Institute
Gordon Hall, 418 N. Pleasant Street Suite A
University of Massachusetts - Amherst
Amherst, MA 01002
E-mail: peri@econs.umass.edu
www.peri.umass.edu

Justice in Nigeria Now
303 Sacramento Street, 4th Floor
San Francisco, CA 94111
E-mail: info@justiceinnigerianow.org
justiceinnigerianow.org

The Origins of Financial Crisis: Central Banks, Credit Bubbles, and the Efficient Market Fallacy
By George Cooper
New York: Vintage, 2008

The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too
By James K. Galbraith
New York: Free Press, 2008

Fixing Global Finance
By Martin Wolf
Baltimore: Johns Hopkins University Press, 2008

The Subprime Solution: How Today’s Global Financial Crisis Happened, and What to Do about It
By Robert J. Shiller
Princeton, NJ: Princeton University Press, 2008

Panic: The Story of Modern Financial Insanity
Edited by Michael Lewis
New York:
W.W. Norton & Co., 2008

The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means
By George Soros
New York: PublicAffairs, 2008

The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
By Charles R. Morris
New York: PublicAffairs, 2008

Mr. Market Miscalculates: The Bubble Years and Beyond
By James Grant
Mount Jackson, VA:
Axios Press, 2008

Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve
By William Fleckenstein with Fred Sheehan
New York: McGraw-Hill, 2008

Enough: True Measures of Money, Business, and Life
By John C. Bogle
Indianapolis, IN: Wiley, 2008

The Ascent of Money: A Financial History of the World
By Niall Ferguson
New York: Penguin Press, 2008

The Great Crash of 1929
By John Kenneth Galbraith
New York: Mariner Books, 1997

The General Theory of Employment, Interest and Money
By John Maynard Keynes
New York: BN Publishing, 2009

Manias, Panics, and Crashes:
A History of Financial Crises

By Charles P. Kindleberger
and Robert Aliber
Indianapolis, IN: Wiley, 2005

Financial Regulation After the Fall
By Robert Kuttner
New York: Demos, 2009
Available at: www.demos.org/pubs/reg_fall.pdf

Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis
By Paul Muolo and Mathew Padilla
Hoboken, NJ: Wiley & Sons, 2008

Infectious Greed: How Deceit and Risk Corrupted the Financial Markets
By Frank Partnoy
New York: Times Books, 2003

The Speculation Economy: How Finance Triumphed Over Industry
By Lawrence Mitchell
San Francisco: Berrett-Koehler, 2007

The Squandering of America: How the Failure of Our Politics Undermines Our Prosperity
By Robert Kuttner
New York: Knopf, 2007

Other People’s Money: The Corporate Mugging of America
By Nomi Prins
New York: New Press, 2004

The Panic of 1907: Lessons Learned from the Market’s Perfect Storm
By Robert Bruner and Sean Carr
Indianapolis, IN: Wiley, 2007

Left Business Observer
38 Greene Street, 4th Floor
New York, NY 10013
E-mail: dhenwood@panix.com
www.leftbusinessobserver.com

Wall Street: How It Works and For Whom
Doug Henwood
New York: Verso, 1997
Full text available at: www.leftbusinessobserver.com/

After the New Economy
Doug Henwood
New York: New Press, 2003

A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation
By Richard Bookstaber
Indianapolis, IN: Wiley, 2007

Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives
By Satyajit Das
Upper Saddle River, New Jersey:
FT Press, 2006

Subprime Mortgages: America’s Latest Boom and Bust
By Edward Gramlich
Washington, DC: Urban Institute Press, 2007

The New Masters Of Capital: American Bond Rating Agencies And The Politics Of Creditworthiness
By Timothy Sinclair
Cornell University Press, 2005

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