From Financial Crisis to Opportunity
Dean Baker, Center for Economic and Policy Research
What some have hopefully called a once-in-a-century financial crisis can truly become a precious opportunity to lay the foundation for a new and strikingly different financial system—smaller, humble, and designed to serve the real economy, instead of the other way around.
Financial Ideas
- Establish the right to rent for homeowners facing foreclosure
- Use the many tools of the Federal Reserve Board to prevent asset bubbles
- Require shareholder approval of executive pay packages
- Remove structural conflicts of interest in the financial sector
- Impose financial transaction taxes to reduce speculation and shrink the size of the financial sector
Excerpted from Thinking Big: Progressive Ideas for a New Era, our shared agenda for Congress and the Administration.
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