Dan Bluemel: Because of its electoral structure, the U.S. political system has never been welcoming to third parties. Some critics have argued this leaves the political landscape entrenched in a system comprised of moderates and hardliners who, in essence, espouse the same ideology.
Oscar Grant panel discussion with family members of Oscar Grant, Journalist Thandisizwe Chimurenga and Minister Keith Muhammad. Friday, June 25th 7:30a.m.-9:30a.m., The Regency West, 3339 W. 43rd St. Los Angeles, CA
Robert Reich: If any three people are most responsible for the failure of financial regulation, they are Greenspan, Larry Summers, and my former colleague, Bob Rubin. In 1999 they advised Congress to repeal the Glass-Steagall Act, which since 1933 had separated commercial from investment banking. By 1999, Wall Street was salivating over such a repeal because it wanted to create financial supermarkets that could use commercial deposits to place bets in the financial casino. That would yield the Street trillions.