Robert Reich: As long as the big banks are allowed to remain big, their political leverage over Washington will remain big. And as long as their political leverage remains big, the taxpayer and economic tab for the next mess they create will be big. By all means, give regulators resolution authority and also impose the tightest regulations possible. But Congress and the White House shouldn’t stop there. Limits should be placed on how big big banks can become.
Every Friday the LA Progressive features a comment that was particularly noteworthy. This week we are featuring a comment submitted by Ramona, writing in response to Joseph Palermo’s “Blue Dogs and Citigroup Fight the Employee Free Choice Act.” Ramona writes Great piece. We were at our most stable when unions and the middle class flourished. […]
The expectations of the New Year has us all expecting change on some level. Change in the nation’s political direction; change in the global situation; change in the economy; change in the job markets; change in the schools; change in our local communities; change in our personal lives. Funny thing about change? It’s much like […]