America is being strangled by unchecked corporate power, and it’s leaving a trail of dying cultures, communities and peoples. Seeing that, explaining that, fighting that, and yes, fixing that, is your job, Mr. President.
|By: Scarecrow Thursday May 27, 2010 7:37 pm|
|By: Dean Baker Thursday May 27, 2010 1:25 pm|
The same central bankers in the United States, Europe and elsewhere, whose mistakes led to the current economic crisis, are still in power. They are now telling governments to cut Social Security, health care spending and to force workers to take pay cuts.
|By: TheMediaConsortium Tuesday May 25, 2010 8:42 am|
On Thursday, the U.S. Senate passed a financial reform package that includes a handful of important reforms, but it won’t fundamentally change the relationship between banks and society. Wall Street still has a vice grip on our economy, and lawmakers still find it very difficult to stand up to bigwig financiers.
|By: Les Leopold Sunday May 23, 2010 7:24 am|
The financial reform doesn’t go nearly far enough because it leaves the biggest bubble of them all in place — Wall Street itself. The net result will be a further decline of the middle class and a distribution of wealth to the super-rich.
|By: ToddE Thursday May 20, 2010 8:29 am|
Discussion on the trade deficit, and how it empowers Wall Street
|By: Scarecrow Saturday May 1, 2010 1:13 pm|
Since Goldman stocks have taken a pounding in recent days, it’s no surprise Buffett would try to defend the firm in which he has so much invested. But what are we to make of his suggestion that those dealing with Goldman were making “dumb credit bets”?
|By: Les Leopold Saturday May 1, 2010 3:08 am|
The wealthiest financiers make billions for activities which we do not understand and which may not provide value to our economy and society. Meanwhile we lay off thousands of teachers. What’s wrong with this picture?
|By: Scarecrow Tuesday April 27, 2010 12:30 pm|
Goldman Sachs has told the media it didn’t structure the Abacus deals under SEC investigation to fail, because it invested its own money in the deal. But a Goldman witness today explained they had not choice: they wanted to lay it off but couldn’t.
|By: TheMediaConsortium Tuesday April 27, 2010 10:11 am|
Last night, Senate Republicans proved beyond any doubt that when it comes to the economy, they stand with Wall Street and against everybody else. Joined by lone Democrat Sen. Ben Nelson (D-NE), Republicans successfully filibustered the procedural technicality of opening debate on Wall Street reform. It’s an unmistakable ploy to kill the bill and collect campaign cash from bigwig bankers. The coming weeks won’t be pretty.