Wall Street Pulls an Enron With Commodities

wall street and elizabeth warren

Joseph Palermo: Even before we’ve had a chance to recover from the Great Recession caused by their earlier malfeasance, the usual suspects among Wall Street’s “too big to fail” banks continue to plunder our society by artificially driving up commodity prices.

Time to Bell the Obama Cat?

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Norman Solomon: Whether or not Obama’s vicious assault on Social Security is successful, it has already jolted an unprecedented number of longtime supporters. It should be the last straw, suffused with illumination.

Why Jobs Trump Deficit Reduction

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Robert Reich: Friday’s jobs report shows an economy that’s still moving in the right direction but way too slowly, which is why Washington’s continuing obsession with the federal budget deficit is insane. Jobs and growth must come first.

Fiscal Cliff: Wall Street’s Latest Scam

jeffrey immelt

RJ Eskow: The CEOs of America’s largest corporations have banded together to lecture us on the importance of debt reduction. And despite their lack of qualifications and their very obvious self-interest, the media can’t get enough of them.

Welcome to the New Normal America

obama golden valley

Joseph Palermo: Wall Street banks should be pouring money into Obama’s reelection since he’s been so good to them, and the neocons should be rejoicing in his establishing precedent for more unchecked executive power.

Goldman Sachs: An Old-School Mafia Family?

goldman sachs cares

Joseph Palermo: The amazing thing about Mr. Smith’s decision to break the code of omertà at Goldman was the fact that an employee existed there at all who was still capable of making a moral or ethical judgment and could even express something resembling remorse.

Ex-Marine Fights Freddie Mac to Save His Home

de los santos family

Peter Dreier: recent report sponsored by bank reform groups reveals that if banks lowered the principal balance on all underwater mortgages to their current market value, it would pump over $70 billion per year back into the economy.

The Way to Occupy a Bank Is to Own One

occupy la

Ellen Brown: The campaign to “move your money” has gotten a groundswell of support. Having greater impact would be to “move our money” — move our local government revenues out of Wall Street banks into our own publicly-owned banks.

Capitalism Is the Enemy of Democracy

occupy la arrest

David Kristjanson-Gural: Excluding people from having a say over what happens to the wealth we create is the first and the most fundamental way that any capitalist system undermines democracy. We are fundamentally disenfranchised in the places we work.

Occupy: You Can’t Evict an Idea

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Ruth Rosen: Any successful movement must change the national conversation and create and dominate the terms of debate. This the Occupy movement has successfully done, for now.

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