Robert Reich: The fact is, global corporations have no allegiance to any country; their only objective is to make as much money as possible — and play off one country against another to keep their taxes down and subsidies up.
Fiscal Cliff: Wall Street’s Latest Scam
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RJ Eskow: The CEOs of America’s largest corporations have banded together to lecture us on the importance of debt reduction. And despite their lack of qualifications and their very obvious self-interest, the media can’t get enough of them.
Wall Street Agitates for Social Security Cuts
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Richard “RJ” Eskow: On the same day that Goldman Sach’s CEO issued his “balanced” demand for Social Security and Medicare cuts, a Wall Street-funded group published a poll precisely reflecting the wishes of Goldman Sach’s CEO. Coincidence? I report, you decide.
Individuals and Collectives
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Steve Hochstadt: The individualist quest for personal benefit is not in itself admirable. Individualism must be judged by its relation to the collective or it is just selfishness.
How the Goldman Vampire Squid Just Captured Europe
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Ellen Brown: The Goldman Sachs coup that failed in America has nearly succeeded in Europe—a permanent, irrevocable, unchallengeable bailout for the banks underwritten by the taxpayers.
Friday Feedback: More Wall Street Trickery
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Friday Feedback: This week, go99ers comments on Ellen Brown’s analysis of another shady Wall Street practice: interest rate swaps: “This past week, ex- employee of the month Greg Smith said that Goldman-Sachs referred to our local bureaucrats and the gullible suckers at the raw end of a swindle as “muppets.” So according to them, WE are all muppets, suckers to be swindled. WOW!!!!”
Wall Street Confidence Trick: Interest Rate Swaps Bankrupting Local Governments
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Ellen Brown: The creation of credit has too long been delegated to a cadre of private middlemen who have flagrantly abused the privilege. We can avoid the derivatives trap by cutting out the middlemen and creating our own credit.
Goldman Sachs: An Old-School Mafia Family?
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Joseph Palermo: The amazing thing about Mr. Smith’s decision to break the code of omertà at Goldman was the fact that an employee existed there at all who was still capable of making a moral or ethical judgment and could even express something resembling remorse.
Why Goldman’s Greg Smith’s Critique Is Way Too Narrow
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Robert Reich: If you took the greed out of Wall Street all you’d have left is pavement. The problem is endemic abuse of power and trust.
Can Capitalist Cultures Become More Humane?
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Walter Moss: The capitalist cultures of corporations and other capitalist institutions can become more humane. Whether they will or not is another question.
Education for the 99%: How the Top 1% Is Destroying Public Education
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Jose Lara – With the top 1% in control of education policy and responsible for creating a financial crisis that is defunding our public schools and eliminating essential programs such as Adult Education and Early Childhood Education, we must join together as the 99%.
How Greece Could Take Down Wall Street
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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
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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.
‘Tis the Season for GOP Exit Strategies
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Michael Sigman: Congressman Ron Paul will pull out of politics entirely. Since his son Rand is also a member of Congress, Ron will become the first politician ever to leave public life so he can spend less time with his family.
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?
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.
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.
WTF Democrats?
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Patty Bellasalma: Rachel Maddow has repeatedly pointed out that Democrats need to stand with public employees and working families but too many of them don’t seem to be listening.
Anthony Weiner Hands Republicans a Twofer
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Joseph Palermo: The credibility of Anthony Weiner’s loud liberal voice in the House of Representatives, who recently showed the temerity to take on Justice Clarence Thomas for his conflict of interest in Citizens United, is now toast
Sarah Palin, The Movie?!
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Sharon Kyle: Just when it appeared that Sarah Palin was fading away, she’s back, this time on the big screen in a full length motion picture whose aim is to paint her in a favorable maverick-y light.
Tax Reform: Close the Bank of America-Size Loop Hole
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Tina Dupuy: The middle class and small businesses have been wrecked by “too big to fail” Goliaths who engaged in ethically reprehensible – yet shockingly legal practices.
Martin Luther King, Jr. and Municipal Workers
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Joseph Palermo: I cannot believe that in the 21st Century we are having this kind of a debate on the role of labor unions in this country. But I suppose it isn’t surprising since we have a new Gilded Age going on.
Subprime School Industry Lobbying
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Lee Fang: Dozens of these for-profit schools systematically defraud their students by showing them fake job placement rates, providing false claims about the types of jobs they can attain, misrepresenting that their credits will transfer to state universities, and giving false promises that students do not have to pay back their loans.
Los Angeles Homeowners Take to the Streets to Protest Foreclosure Abuses
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Peter Dreier: In Los Angeles this Thursday, members of the Alliance of Californians for Community Empowerment (ACCE) — a statewide community organizing group — will sponsor a demonstration at a major bank that will include civil disobedience and probably arrests.
Boosting the Economy—One Big Screen TV at a Time
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Walter Brasch: Overall, America is slowly on the path to recovery. But, to those who lost their jobs and then their homes, it just doesn’t seem that way.
In Conversation: Matt Taibbi and Nomi Prins
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In Conversation: Matt Taibbi and Nomi Prins. Plus music by Michael Penn. Friday, November 12 • 8 PM
Civic-Minded Plutocrats
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Joseph Palermo: Wouldn’t it be something if the Bin Ladens of the world funneled untraceable cash into Republican candidates’ coffers because they know they can count on the GOP to continue the wars in Iraq and Afghanistan, two of their greatest recruiting vehicles?
Halliburton and the Upcoming Election
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Robert Reich: Next Tuesday Americans will be deciding whether to hand over even more of our government to corporations that have been plundering America – such as Goldman Sachs, JP Morgan Chase, Citibank, Wellpoint insurance, Massey Energy, and Halliburton, the giant oil services company.
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