Dan Bluemel: Now, at nearly 60 years of age, she is broke, beset with medical issues, unemployed and homeless. She currently stays at various homes of friends, but has had to spend a few nights in her car.
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.
LA Progressive Editor Dick Price’s report on the meeting local Occupy representatives had with Wells Fargo Bank officials in downtown Los Angeles — Wells Fargo Meets Occupy: Where There’s Smoke There’s Smoke? — led this week’s list of 10 most read articles.
Craig Williams: Businesses are constantly in competition, but at some point, as they evolve, either one or a small group of companies often control most of market share. Combine that with a money-driven political system and you have industries too big to fail and a powerless population to weak to succeed.
Former Treasury Secretary Hank Paulson said last October that the taxpayers shouldn’t fret about putting $250 billion in the nation’s banks: “This is an investment, not an expenditure, and there is no reason to expect this program will cost taxpayers anything.” But a draft report from the Congressional Oversight Panel for the TARP says Paulson [...]