Ellen Brown: Just as Occupy Sandy has pre-empted the official rescue agencies through community organizing, so a Public Bank of New York or New Jersey could pre-empt the vulture Wall Street banks and finance the state’s own rebuilding.
Steve Hochstadt: We grredy American homeowners appear as co-conspirators in many judgments about what caused the great recession. In these interpretations, many of us were greedy for wanting bigger homes than we deserved, foolish to have then bought larger houses than we could afford, and stupid for agreeing to the low-interest/low-payment scams of mortgage sellers.
This week, by a majority vote, the California Legislature voted to raise some very modest revenues that no one but the most rabid hater of his fellow man could object to. A $1.50 on a bottle of alcohol. $15 added to a vehicle license fee. Revenues that would make it possible for the most vulnerable [...]