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
Robert Reich: Given the gargantuan size of the financial market and the huge volume of trading occurring within it every day, this tiny tax would generate lots of revenue.
Michael Hertz: The SSA can make more money on its assets, while at the same time lending out money at lower rates than do the credit card companies.
Ellen Brown: Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.
Natalie Davis: It’s not just the United States that boasts political and economic systems rigged to favor the corporatist, moneyed class over the people, it’s pretty much the whole damn world, covering the Americas, Europe, Africa, Asia, and the Middle East.
Robert Borosage: We experienced jobs growth in retail trade, construction and health care, but lost manufacturing jobs again last month (down 29,000). The economy keeps getting better, but most Americans don’t experience it.
Ernest Canning: Bernie is the only person out there who is talking about those fiscal stimulations and banking rules that will get the banks lending.
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.
Robert Reich: By making it easier for American corporations to make things abroad, the deals have reduced the bargaining power of American workers to get better wages here.
Ellen Brown: Critics have long questioned why violent intervention was necessary in Libya. Hillary Clinton’s recently published emails confirm that it was less about protecting the people from a dictator than about money, banking, and preventing African economic sovereignty. Hillary Email Server
JP Sottile: Despite the 2008 Wall Street crash and government promises of reform, the old back-scratching ways of special favors and influence are again in vogue – as if they were ever out of style.
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
Robert Reich: Most of the economic gains have gone to you and others like you who spend only a small fraction of what they rake in. That spells trouble for the economy – and for you.