Financial Crisis Prosecutions Too Hard?

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Marian Wang: According to a now-departed Justice Department official who used to be in charge of investigating such matters, the Justice Department has decided that holding top Wall Street executives criminally accountable is too difficult a task.

European Debt Crisis: A Problem of Political Will

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Iwan Morgan: the current crisis shows that unity in the face of economic and financial crisis is far more difficult for a 17-member club of nations than for a union of 50 states under one government.

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.

Jobs: A Grand Bargain

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Brent Budowsky: Great presidents know the difference between empty public gimmicks and game-changing public policy. They demand creative ideas, not mediocrity or defeatism, from those who advise them.

Nevada Wallops Bank of America With Sweeping Suit

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Paul Kiel: Nevada’s action signals that the banks’ problems with home mortgages—the main cause of the financial crisis—continue to burden them and rattle investors.

How Not To Talk About Financial Panics: New Rules For Pundits

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James Livingston: Never act like you know what will happen next. You don’t, and nobody else does either. In fact, nobody knows what just happened.

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Stock Market Crash: What are the Politics Behind It?

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Robert Brent Toplin: Conservatives often tout the benefits of “free” markets, but in practice, market fundamentalism has produced a troubled history.

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Lost Decade?

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John Peeler: One of the most striking features of our current global economic morass is that many Third World economies are weathering the crisis rather well, while the supposed leaders of the world economy (the United States, the European Union, the Japanese) are in deep trouble that looks to get deeper.

From Casey Anthony to Wall Street: Crime Pays

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Brent Budowsky: One of the great sources of outrage in our age is that again and again, crime pays. The victims, from young girls who die while vermin eat their corpse to embezzled investors who lose their money, from tortured prisoners to jobless workers to homeless victims of mortgage fraud, pay the price.

Can Krugmanomics Be Saved?

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Steven Hill: So according to Krugmanomics, taking on too much debt is not the problem – it’s not being able to pay the debt that is the problem. And Krugman’s solution, apparently, is to be able to depreciate your currency and/or default on your debts, leaving the creditors holding the bag.

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An American Nightmare

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Steve Hochstadt: What does matter in 2011 is that mainstream libertarians and conservatives think a film that portrays Jews as evil monsters bent on world domination is worth showing, praising, and promoting. After decades of retreat, the antisemitism of Ford and Coughlin, and of the Nazis, is back, on a screen near you.

Seven Reasons Why Capitalism Can’t Recover Anytime Soon

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Shamus Cooke: To deal with working people more ruthlessly, the radical right is being unleashed. In normal times these bigots yell furiously but no one listens. But in times of economic crisis they’re given endless airtime on all major media outlets.

Reconsidering Japan…Reconsidering Paul Krugman

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Steven Hill: No one has been more influential in defining this narrative than New York Times columnist and Nobel Prize-winning economist Paul Krugman.

The Duh Factor, or Biz School Brilliance

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Jim Fuller: I confess to major reservations about those who work in and for the business schools that now take up far too much otherwise valuable space on most major college and university campuses.

Elizabeth Warren, You Rock

The New Sheriffs Of Wall Street

Wendy Block: I don’t know if the world would improve if women ran it. Our decision-making and problem-solving brain centers are proportionally larger than men’s. Same with emotions, perhaps a mixed blessing. And anxiety tends to lead women to reach out to others, often at their own expense, whereas men generally get all “fight or flight.”

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