Steve Hochstadt: Imaginary patriotism of right-wing extremists has been translated into a surge in demand for assault weapons, not for hunting or for protection against criminals, but to make war against our government.
Ben Bernanke, Bill’s Daughters and the Fed’s “Hard Won Credibility”
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Charley James: Chairman Bernanke may well be boxed in by the Fed’s much-to-cautious ruling board of bank presidents but there’s no reason why he cannot use his very public platform to jawbone the governors into action.
How Democrats Exploit Occupy
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Ann Robertson and Bill Leumer: The 99% Spring is the latest effort by those close to the Democrats to take advantage of Occupy, but the results were less than spectacular.
Cooperative Banking in the Aquarian Age
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Ellen Brown: Globally, the burgeoning movement for local, cooperatively-owned and community-oriented banks is blazing the trail toward a new, sustainable form of banking.
Foreclosure Crisis: Bankers and Forgiveness
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Ann Robertson and Bill Leumer: Why is the government so intent on pursuing a double standard when it comes to enforcing the law on the 1 percent and on the rest of us?
Government “Debt” Isn’t What You Think
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Worrying about government debt is like worrying about the monster under the bed. The issue isn’t debt, it’s power.
Greece Economy 2012: Why U.S. Politicians Are Quiet About Europe’s Meltdown
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Shamus Cooke: Working people in the U.S. need to learn to speak Greek, and adopt an increasingly popular slogan that rejects austerity measures: Tax the Rich!
Move Our Money: New State Bank Bills Address Credit and Housing Crises
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Ellen Brown: We may not be able to beat the banks, but we don’t have to play their game. We can take our marbles and go home.
Will Obama Administration Now Go After Massive Mortgage Banking Frauds?
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Ellen Brown: In his State of the Union, President Obama announced that he would be creating a mortgage crisis unit to investigate wrongdoing related to real estate lending.
The Way to Occupy a Bank Is to Own One
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Ellen Brown: The campaign to “move your money” has gotten a groundswell of support. Having greater impact would be to “move our money” — move our local government revenues out of Wall Street banks into our own publicly-owned banks.
The Remarkable Political Stupidity of the Street
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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.
Do State-Owned Banks Violate State Constitutional Provisions? No
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Ellen Brown: The recent interest in state-owned banks has provoked challenges on grounds that they violate state constitutional prohibitions against lending the credit of the state. The argument is not valid.
Super Committee Deadlock: Heads They Win, Tails We Lose
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Ellen Brown: Either way the super committee goes, the economy will wind up with $1.2 trillion less in the way purchasing power. The result will be to reduce demand, kill jobs, and put more people on the streets.
The Federal Reserve Bank – National Day of Protest
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Of the Federal Reserve Bank, Wikipedia says, The twelve Federal Reserve Banks form a major part of the Federal Reserve System, the central banking system of the United States. The twelve federal reserve banks together divide the nation into twelve Federal Reserve Districts, the twelve banking districts created by the Federal Reserve Act of 1913.[1] [...]
Time for an Economic Bill of Rights
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Ellen Brown: What was sufficient for a simple agrarian economy does not provide an adequate framework for freedom and democracy today. We need an Economic Bill of Rights, and we need to end the privatization of the national currency.
Why Obama Should Break Up Big Banks
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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?
A Jubilee for Student Debt?
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Ellen Brown: Eliminating, reducing, or deferring student loan debt will free up the budgets of millions of students, allowing them to spend more on goods and services, increasing demand and creating jobs, and adding to tax revenues.
Occupy Wall Street’s “Gullible” and “Unsophisticated” Protesters
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Joseph Palermo: Prosperity never “trickles down.” And people are finally catching on. The housing bubble went too far. It destroyed too many lives and livelihoods to go unquestioned and unpunished, as Wall Street (and Washington) would like it.
Will Occupy Wall Street Be Co-opted?
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Peter Dreier: Too many lefties view “co-optation” as failure. I disagree. The success of every radical movement in American history has occurred when it is co-opted by the forces of reform.
Behind Europe’s Debt Crisis Lurks Another Giant Bailout of Wall Street
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Robert Reich: Republicans and Wall Street executives who continue to yell about Dodd-Frank overkill are dead wrong. The fact no one seems to know Morgan’s exposure to European banks or derivatives – or that of most other giant Wall Street banks – shows Dodd-Frank didn’t go nearly far enough.
S&P: So What!
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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.
Fed Policy Needs a U-Turn
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Brent Budowsky: America needs new thinking for monetary and fiscal policy. Fed policy has failed. Government policy is inadequate. Ron Paul has advanced an important debate.
Don’t Fall for GOP “Budget Crisis” Lie
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Robert Reich: Republicans are using what would otherwise be a routine, legally technical vote to raise the debt limit as a means of holding the nation hostage to their own political goal of shrinking the size of the federal government.
7 Myths That Drive the Debt Ceiling Debate
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Adam Eran: The metaphors that frame the current Federal budget and debt ceiling debates are completely inaccurate, and if the media coverage is any indication, the public has swallowed them hook, line and sinker, too.
The Biggest Driver in the Deficit Battle: Standard & Poor’s
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Robert Reich: Standard & Poor’s insists any deal must also contain a credible, bipartisan plan to reduce the nation’s long-term budget deficit by $4 trillion — something neither Harry Reid’s nor John Boehner’s plans do.
The Shameful Murder of Dodd Frank
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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.
The Wageless Recovery
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Robert Reich: The question on everyone’s mind: Will the Fed signal it’s now more worried about inflation than recession?
The Republican Recipe for An Anemic Economy Through Election Day 2012
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Robert Reich: The real message from voters was “Fix this stinking economy.” But Republicans have no intention of doing so. With Republicans in control of the House, forget spending increases or tax cuts to stimulate the economy.
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