Robert Reich: The ascendance of Ryan and Clinton will mark a win for big business and Wall Street over the strongest anti-establishment surge America has witnessed since Great Depression.
RJ Eskow: Hillary should make a pledge now: to take immediate action in her first 100 days that will address Wells Fargo’s scandals and the systemic problems behind them.
RJ Eskow: The Wells Fargo scandal may be remembered as the moment when top bankers finally began to pay a price for their actions.
Paul Haeder: The reality of homelessness is it largely is caused by an uncaring society, from the head CEO on down, and facilitated by systems that eat at the family, that put people in work that is low pay, meaningless, dangerous, and spiritually and physically destructive.
Randy Shaw: In the 1970’s people began restoring rundown Victorians and Brownstones not because they suddenly read Jane Jacobs, but rather because the times brought a recognition of the virtues of preserving historic structures.
Robert Reich: Shaming before congressional committees tends to reassure the public Congress is taking action. But – especially with Republicans in charge – Congress is doing nothing to prevent the wrongdoing from recurring.
RJ Eskow: Will committee members go through the motions of pretending to grill Stumpf, playing their scripted parts with the thinly disguised boredom of Wild West vaudevillians who have played one cow town too many?
Peter Dreier: Stumpf will be asked how Wells Fargo employees were able to fraudulently open more than two million fake credit card and checking accounts without the knowledge of top management.
RJ Eskow: Many parts of the country are still wrestling with extreme poverty and lagging incomes. Americans pay more today for needs like health care and higher education than they did in the 1990s.
Ellen Brown: Rather than outlawing bank-created money, as money reformers have long urged, fractional reserve banking could be made obsolete simply by attrition, preempted by a better mousetrap.
RJ Eskow: If the Wells Fargo incident has taught us anything, it’s that today’s thieves are more likely to be inside the stagecoach than outside it.
Robert Reich: My colleagues weren’t exactly enthusiastic about the new president’s campaign promise. “Maybe there’s some way we can do this without actually limiting executive pay,” one said.
Jack Rothman: African Americans historically have been channeled into providing cheap labor — during slavery, involuntarily, and in the years closely following, through compulsion and noxious legal means.