QE Infinity: What Is It Really About?

The Federal Reserve

Ekkeb Brown: Insolvent banks should be put through receivership and bankruptcy before the government takes them over. That would mean making the creditors bear the losses, standing in line and taking whatever money was available, according to seniority.

Mitt’s Low-Tax Killing

romney fever

Robert Reich: Now that Mitt Romney is the presumed Republican candidate, it’s fair to ask how he made so much money ($21 million in 2010 alone) and paid such a low tax rate (only 14.9 percent).

Rally for the 99%

99% Rally

We are at a crossroads as a country. We have a choice to make. Greater wealth for a few or opportunity for many. Tax breaks for the richest or a fair shot for the rest of us. A government that can be bought by the highest bidder, or a democracy that is truly of the people, by the people, and for the people.

A “Conservative” Response Puts Eran in His Place

delta-smelt-wide

Adam Eran: My best wishes to Ms. Cronan, and anyone else commited to willful blindness about facts, with an added plea: Please, be careful not to bump into the furniture. Meanwhile, I will refrain from calling Ms. Cronan “the barbarian.”

Save Libraries? Tax Oil Producers? Stop Pay to Play?

vote-wide

Wendy Block: Here is one conglomerated guide, the result of studying the few remaining newspapers, endorsements from the LA County Democratic Party, DPSFV, the League of Women Voters, the Courage Campaign and LA Progressive; plus analysis from several progressive Dem clubs and recommendations from electeds.

The (Almost) Crash of Wall Street

wall street crash

Robert Reich: Ninety minutes before the end of the trading day today, the U.S. stock market almost melted down The Dow Jones Industrial Average dropped nearly 1,000 points. The market regained ground before the end, like a giant 747 narrowly averting a crash landing, but the questions of the day are: What happened? And what does it mean?

The Rebirth of Regulation

Regulation

Robert Reich: What do oil giant BP, the mining company Massey Energy, and Goldman Sachs have in common? They’re all big firms involved in massive plunder. BP’s oil spill is already one of the biggest and most damaging in American history. Massey’s mine disaster, claiming the lives of 29 miners, is one of the worst in recent history. Goldman’s alleged fraud is but a part of the largest financial meltdown in 75 years.