Greenspan, Summers, and Why the Economy Is So Out of Whack

Alan Greenspan

Robert Reich: If any three people are most responsible for the failure of financial regulation, they are Greenspan, Larry Summers, and my former colleague, Bob Rubin. In 1999 they advised Congress to repeal the Glass-Steagall Act, which since 1933 had separated commercial from investment banking. By 1999, Wall Street was salivating over such a repeal because it wanted to create financial supermarkets that could use commercial deposits to place bets in the financial casino. That would yield the Street trillions.

More Orly Taitz!

orly

No wonder even Ann Coulter — Ann Coulter! — has distanced herself from Taitz saying, in effect: “I don’t want to encourage that woman, she’s a nutjob!”

Cheney, Rove, and Fleischer and the Importance of Net Neutrality

cheney

Dick Cheney, Karl Rove, Ari Fleischer, and other right-wing mouthpieces are trying to frame future debates while they reinvent the George W. Bush years. Their eerie falsehoods, half-truths, revisions, and lies are given added weight because they sit atop a bed of chatter and static, often called the “echo chamber,” of Fox News and right-wing […]

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