Ellen Brown: The evidence to date suggests that “robo-signing” was not a mere technical default or sloppy business practice but was part and parcel of a much larger fraud, the fraud that brought down the whole economy in 2008.
Marian Wang: According to a now-departed Justice Department official who used to be in charge of investigating such matters, the Justice Department has decided that holding top Wall Street executives criminally accountable is too difficult a task.
Shamus Cooke: Unless labor and community groups massively mobilize working people in fighting for a pro-worker solution to the deficit crisis, austerity measures — like reducing Social Security and Medicare — will be forced upon us.
In Conversation: Matt Taibbi and Nomi Prins. Plus music by Michael Penn. Friday, November 12 • 8 PM
The right idea is to break up the giant banks. I don’t often agree with Alan Greenspan but he was right when he said last week that “[i]f they’re too big to fail, they’re too big.”
Barack Obama has been President for eight weeks, and much of the traditional media remains incapable of making sense of his agenda. In one corner we have hosts like Hardball’s Chris Matthews, who appears to be compensating for pro-Obama campaign comments by giving excessive voice to the president’s critics. Or we have CNN’s John King, […]
by Robert Reich — According to Treasury Secretary Hank Paulson, the biggest Wall Street banks now getting money from the government are just “too big to fail.” Fed Chairman Ben Bernanke uses a different euphemism – he calls them “systemically critical.” The point is that if any of them goes down, it could take the […]
by Richard M. Mathews — I wrote recently about how Democratic presidents create many more jobs than do Republican presidents. What about the rest of the economy? I don’t want to talk down the economy as George W. Bush’s team did when he was running for president in 2000. They insisted that the economy was […]
When I was a kid in Milwaukee, there was a guy who walked up and down Wisconsin Ave., the main drag, wearing a sandwich board proclaiming, “Repent! The End Is Near.” Of course, he meant his warning in a “come to Jesus now” sort of way. But if the fellow is still alive, I hope […]