Progressive Media Advocates
Kwazi Nkrumah: For years the banks, real estate agents and investors in real estate securities on Wall Street were making money hand-over-fist. They did all this while pretending to break from their previous established history of gross discrimination and red-lining against the disproportionately non-white borrowers whose limited financial resources forced them into “sub-prime” status in the first place.
Lee Fang: Rep. McHenry received $63,800 from lobbyists and executives from banks, mortgage companies, payday lenders, and other predatory lenders in the last three months alone.
In a word: No. The plan doesn’t stop stop bankers from making huge, risky bets with other peoples’ money. It does increase capital requirements and oversight, but it doesn’t require bankers to take their pay in long-term stock options or warrants, and it doesn’t even hint that banks should go back to being partnerships instead [...]
It’s the kind of thing I expect to hear from deficit hawks and chicken littles — from the self-described “fiscally responsible” right, from the scolds Ross Perot and Pete Peterson, from my former cabinet colleague Bob Rubin. But yesterday I was shown slides developed by the putatively liberal Center for American Progress intended to make [...]
“Demonizing the bankers as if they and they alone created the financial meltdown is both inaccurate and short-sighted,” Citigroup chairman Richard Parsons told reporters recently. “Everybody participated in pumping up this balloon and now that the balloon has deflated, everybody has some part in the blame.” Oh no we don’t. Talk about dissembling. The truth [...]
Sikivu Hutchinson: Black Skeptics Los Angeles spearheaded its First in the Family Humanist Scholarship initiative, which focuses on providing resources to undocumented, foster care, homeless and LGBTQ youth who will be the first in their families to go to college.
Carl Matthes: Despite the much-heralded 2008 success of Prop 8 in California to stop same-sex marriage, that vote, and it’s subsequent ramifications, provided not only 18,000 lesbian and gay couples with legal marriages, but the accelerant for the Prop 8 case currently being decided by SCOTUS.
Randy Shaw: Obama could regain young people’s support by lowering student loan rates, enacting immigration reform and rejecting the Keystone XL Pipeline, but time—and his political capital—is running out.
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