Richard Eskow: The simple fact remains: Even if our too-big-to-fail institutions each gave us a credible-sounding “living will,” we could never be sure it would actually be implemented successfully during a real crisis. Break Up Big Banks
RJ Eskow: Wall Street has now paid more than $200 billion in fines and settlements for fraudulent activity. This almost unimaginable sum can be broken down into slightly more digestible (though still enormous) portions by looking at the amounts paid by individual banks.
R.J. Eskow: new study confirms what many activists have suspected for a long time: The private courts set up by international “trade” deals heavily favor billionaires and giant corporations, and they do so at the expense of governments and people. Trade Courts
Richard Eskow: Runaway inequality is the central issue of our time. It stifles democracy and leads to a more dangerous world.
RJ Eskow: In today’s environment, reinstating Glass-Steagall is not just the right policy – although it is certainly that. It’s also an excellent litmus test for politicians who say they’re willing to take on Wall Street.
RJ Eskow: Third Way’s argument against inequality as a leading source of our current economic woes puts them directly at odds with leading economists, including Nobel Prize winner Joseph Stiglitz.
RJ Eskow: A new study from the International Monetary Fund concludes that unions reduce inequality and foster a healthier economy for everyone, mainly by preventing the wealthiest among us from keeping the fruits of a collaboratively created prosperity for themselves.
RJ Eskow: The differences between the college financing plans offered by Bernie Sanders and Hillary Clinton are important – both for their impact on the middle class, and for what they tell us about the candidates and their governing philosophies.
Richard Eskow: If you’re going to cut a program that affects the lives of most Americans, the least you can do is get the facts right. Jeb didn’t.
RJ Eskow: After a week spent tracking the independent left’s political progress, I’ve become even more convinced that politicians should seek the soul of the country instead. Tap into that, and the rest will follow.
RJ Eskow: Some centrist Democrats like to say they’d govern more liberally, but the United States is a “center-right” country. There is very little truth in this.
RJ Eskow: There is more than a hint of cynicism in Obama’s attempts to characterize Warren, not just as a self-promoting “politician,” but as a law professor baffling the public with legalese.
View image | gettyimages.com n 2005 President George W. Bush and his fellow Republicans were hard at work trying to privatize Social Security. Their proposal would have replaced much of this guaranteed-benefit program with a plan that would have invested its funds in privately managed accounts instead. That would have been a massive payday for […]