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.

Obama’s Progressive Blacklist

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Randy Shaw: In bypassing Elizabeth Warren, it is now clear that Van Jones’ appointment was a complete aberration, and that Obama imposed a progressive blacklist from the start

Obama’s Regulatory Brain

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Robert Reich: The most important thing to know about the 1,500 page financial reform bill passed by the Senate last week — now on the way to being reconciled with the House bill — is that it’s regulatory. It does nothing to change the structure of Wall Street.

Holding Obama Accountable

Obama-Magician

Randy Shaw: pecifically, activists must employ what I describe in The Activist’s Handbook as the “fear and loathing” approach that has long proved necessary to get most politicians to do the right thing. Activists must make Obama fear the political repercussions of not backing progressive positions, even to the extent that the President comes to “loathe” those creating such pressures.

Wall Street and Goldman Sachs Party On

Goldman

It’s ironic that all we hear on FOX News and right-wing talk radio is how “socialistic” the Obama Administration is when in reality the way the administration has handled the Wall Street crisis is anything but “socialistic.”

Why You Should Work for a Hedge Fund

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Just because I lost a big chunk of my total retirement savings over the last year doesn’t mean I should be upset that 25 hedge-fund managers reaped a total of $11.6 billion during the same interval, according to Institutional Investor’s Alpha Magazine — including $2.5 billion for James Simons of Renaissance Technologies and $2 billion [...]

In the Wake of AIG: Obama’s First Priority

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AIG is rapidly becoming a nightmarish metaphor for the Obama Administration’s problems administering the bailout of Wall Street. One central problem is the lack of transparency. According to some news reports, Treasury Secretary Tim Geithner knew weeks ago that AIG was planning to issue the bonuses to executives in its notorious credit default swap unit, [...]

The Real Scandal of AIG

rich-cigar

The real scandal of AIG isn’t just that American taxpayers have so far committed $170 billion to the giant insurer because it is thought to be too big to fail — the most money ever funneled to a single company by a government since the dawn of capitalism — nor even that AIG’s notoriously failing [...]

On Cabinet Picks, Obama Savvier than Progressive Critics

obamacabinet

by Randy Shaw – As Barack Obama’s Cabinet fills with Clinton Administration veterans, some are raising concerns why no “movement progressive” has been selected. Hillary Clinton’s appointment as Secretary of State galvanized fears that Obama’s cabinet is unduly “centrist,” a concern amplified by the daily parade of predominately white male Clinton veterans in the “possible [...]

How Obama Is Already Taking Charge

by Robert Reich – Obama’s immediate challenge is to fill the leadership vacuum created by a lame-duck president with historically-low approval ratings who seems to have lost interest in his job (at this writing, he’s out of the country) and who’s disappeared from the media, and a Treasury chief who has all but punted on [...]

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