Winner Takes All: The Super-Priority Status of Derivatives

golden egg

Ellen Brown: “Too big to fail” now trumps all. Rather than banks being put into bankruptcy to salvage the deposits of their customers, the customers will be put into bankruptcy to save the banks.

George Will: Always Right, Occasionally Correct

George Will

John Peeler: Obama, if he could free himself of the Wall Street crowd, is the likelier buyer of Will’s prescription of breaking up financial institutions that are “too big to fail”.

The Dog That Didn’t Bark: Obama on JP Morgan

obama black children

Robert Reich: Obama can can take on Romney and the system that allows private-equity managers to continue to make huge profits at the expense of average Americans.

“If You See a Republican Lie, Get in His Face and Shout ‘Bullsh**’”

john burton

Ted Vaill: Until November 6, when we find out if America is to become an oligarchy run by Romney and his plutocrats, or remains a democracy under Obama and the Democrats, if the Republicans want to play John Burton-style hardball, let it be so.

How Greece Could Take Down Wall Street

occupy los angeles

Ellen Brown: As Aristotle told this ancient Greek tale, Midas died of hunger as a result of his vain prayer for the golden touch. Today, the Greek people are going hungry to protect a rigged $32 trillion Wall Street casino.

The Remarkable Political Stupidity of the Street

waive bank fees

Robert Reich: Wall Street is its own worst enemy. It should have welcomed new financial regulation as a means of restoring public trust. Instead, it’s busily shredding new regulations and making the public more distrustful than ever.

Occupiers Occupied: Hijacking the First Amendment

wealthy role models

Robert Reich: If Occupiers are expelled from specific geographic locations the Occupier movement can shift to broad-based organizing around the simple idea at the core of the movement: It’s time to occupy our democracy.

Why Obama Should Break Up Big Banks

obama staff gardem

Robert Reich: What better way for Obama to distinguish himself from Romney than to condemn Wall Street’s antics since the bailout, and call for real reform?

Financial Regulation Kills Jobs? Perhaps Not

Marian Wang: But separate from the jobs created to actually handle new regulation, others have pointed out that regulations can have a long-term, positive effect on overall economic growth by preventing the types of crises that put an industry on life-support.

S&P: So What!

mark-pash

Mark Pash: Ongoing investigations by the SEC and Justice Department, Congress and federal regulators who are looking at ways to implement the Dodd-Frank Act, which contains provisions aimed at reducing the raters’ role in the financial system.

What “Shared Sacrifice” Means

obama financial advisors

Carl Bloice: All across the country social services, which largely benefit lower income women, men and children are being cut back and people who made them function are being added to the ranks of the unemployed.

The Shameful Murder of Dodd Frank

dodd-frank-wide

Robert Reich: Wall Street has effectively neutered the Dodd-Frank law, which is the best argument I know for applying the nation’s antitrust laws to the biggest banks and limiting their size.

Wall Street’s Global Race to the Bottom

Robert Reich: So the race to the bottom is now official. Wall Street will set up its casino wherever financial gambling is least regulated.

LA Progressive Articles: January 31 to February 6, 2010

Articles by Andrea Christina Nill, Emily Spence, Carl Matthes, Carl Bloice, Randy Shaw, Joseph Palermo, Rev. Irene Monroe, Norman Solomon, Robert Reich, Paul Hogarth, Ira Chernus, Sherwood Ross, Ron Wolff, Steve Ybarra, Georgianne Nienaber:, John Gallogly, Berry Craig, Gil Troy, Wendy Block, Joseph Palermo, and David A. Love.

Related Posts Plugin for WordPress, Blogger...