Wednesday, March 10, 2010
There are no constraints left to halt America’s slide into a totalitarian capitalism. Electoral politics are a sham. The media have been debased and defanged by corporate owners. The working class has been impoverished and is now being plunged into profound despair. The legal system has been corrupted to serve corporate interests. Popular institutions, from [...]
Filed in Notable
|
Also tagged Afghanistan War, Class Warfare, Congress, Conservatives, Corporate Welfare, Corporatism, Democracy, Democrats, Despotism, Healthcare, Hedge Funds, Iraq War, Liberals, Media, Militarization, Military, Poverty, Reform, Republicans, Tea Party, Wealth
|
Thursday, February 4, 2010
For worried Democrats, the sudden return of Social Security privatization as a fashionable nostrum among Republicans should lift their gloom. Or it would if only the Democratic leaders understood what to do when their opponents deliberately step into a messy dogpile again.
Rep. Jeb Hensarling, R-Texas, and Rep. Paul Ryan, R-Wis., a pair of the most outspoken conservatives in [...]
Wednesday, February 3, 2010
Brooks has audacity, I’ll give him that. Too bad his premise is as phony as a three-dollar bill. But Brooks is far from alone in advancing what I call the Myth of the Greedy Geezer, in which old people’s selfish attachment to their entitlements is the primary cause of the nation’s economic woes, and entitlement cuts are [...]
Extended interview with top TARP cop, Harvard Professor, Elizabeth Warren. Shes sassy and real and tells it like it is…
Saturday, January 23, 2010
Alan Grayson discusses executive compensation in the House Financial Services Committee with Nobel Prize winner Joe Stiglitz, Lucian Bebchuk and Nell Minow. Why is Grayson among the very few public representatives really standing up for America? (I’d count Kucinich, Sanders, and a few others in that group.) Is every other representative completely spineless or beholden to corporations and their lobbyists? [...]
Tuesday, January 19, 2010
Commission member Douglas Holtz-Eakin put his finger on another problem with these impressive sounding numbers: “While mortgage fraud was important, it is the magnitude of the financial crisis that is central,” he said. Mortgage brokers did not have the capacity to collapse the global economy. It took major banks and securities firms with the ability [...]
Filed in News Blurbs
|
Also tagged Accountability, AIG, Bailouts, Bankers, Banking, Crime, DOJ, Economy, Financial Sector, Joseph Cassano, Prosecution
|
As the President continues to work on immediate job creation, he discusses his proposal for a new fee on the largest financial institutions to ensure that every cent of taxpayer assistance gets paid back. Saying that, “we’re not going to let Wall Street take the money and run,” he goes on to discuss the ongoing [...]
Filed in News Blurbs
|
Also tagged Banking, Barack Obama, Corporatism, Corporatists, Disaster Capitalism, Financial Sector, Haiti, IMF, Poverty, Regulation, Shock Doctrine, World Bank
|
Thursday, January 14, 2010
This is predictable: Wall Street is messing with you.
At a Paris conference on new approaches to capitalism last week, Nobel winning economist Joseph Stiglitz told reporters that “Wall Street is talking up the recovery because it would like to sell stocks.” This is consistent with the financial industry’s shady tactics that David Corn and Kevin Drum [...]
What we don’t know will hurt us, and quite possibly on a more devastating scale than any Qaeda attack. Americans must be told the full story of how Wall Street gamed and inflated the housing bubble, made out like bandits, and then left millions of households in ruin. Without that reckoning, there will be no [...]
Now if the aerospace lobby had told us after the 1986 Challenger disaster that the key to better performance was to turbocharge the engines and quit performing preflight inspections, everyone would have agreed that they were crazy. Yet that’s essentially what the finance lobby has done over the past decade, and in some weird way [...]
4. “The investment community feels very put-upon. They feel there is no reason why they shouldn’t earn $1 million to $200 million a year, and they don’t want to be held responsible for the global financial meltdown.” — Daniel Fass, chairman of Obama’s financial-industry fundraising party on Oct. 19, 2009, insisting that despite wrecking the [...]
Monday, December 21, 2009
The price tag for the Wall Street bailout is often put at $700 billion —the size of the Troubled Assets Relief Program. But tarp is just the tip of the iceberg of money paid out or set aside by the Treasury Department and Federal Reserve. In her book It Takes a Pillage: Behind the Bailouts, Bonuses, and [...]
Friday, December 18, 2009
Obama stands by as Wall Street lives it up and the rest of America struggles
A recent report that Citigroup and Goldman Sachs may have received preferential treatment getting doses of the swine flu vaccine was enough to give Ebenezer Scrooge the yips. Then came news that in order for us to get back the taxpayer [...]
Wednesday, December 2, 2009
Sen. Bernie Sanders (I-Vt.) today placed a hold on the nomination of Ben Bernanke for a second term as chairman of the Federal Reserve.
“The American people overwhelmingly voted last year for a change in our national priorities to put the interests of ordinary people ahead of the greed of Wall Street and the wealthy few,” [...]
Sunday, November 29, 2009
Sen. Maria Cantwell wants to use state gambling laws to regulate parts of Wall Street, saying someone needs to police financial markets, where “casino capitalism” involving highly speculative trades she likens to sophisticated betting, continue unabated and threaten to create yet another financial crisis.
“She’s going for their jugular,” Michael Greenberger, a University of Maryland law [...]
Listening To
