K.J. Noh: Since the time of the Medicis, even before, and the financing of the first joint stock companies in the transatlantic slave trade, we know that finance and banking is what makes our capitalist economy not just grow but tick… Hillary Speeches
Dave Zirin: Alex Rodriguez is the weakest link and that’s exactly why he’d get Marvin Miller’s most fierce support. The union, in that tradition, should grit their teeth and stand with A-Rod.
Steven Mikulan: Has the New York Times turned into a latter-day Daily Worker, or are labor conditions in America becoming so bad that even the national paper of record is demanding social justice?
Joseph Palermo: Even before we’ve had a chance to recover from the Great Recession caused by their earlier malfeasance, the usual suspects among Wall Street’s “too big to fail” banks continue to plunder our society by artificially driving up commodity prices.
Robert Reich: The fact is, global corporations have no allegiance to any country; their only objective is to make as much money as possible — and play off one country against another to keep their taxes down and subsidies up.
RJ Eskow: The CEOs of America’s largest corporations have banded together to lecture us on the importance of debt reduction. And despite their lack of qualifications and their very obvious self-interest, the media can’t get enough of them.
Richard “RJ” Eskow: On the same day that Goldman Sach’s CEO issued his “balanced” demand for Social Security and Medicare cuts, a Wall Street-funded group published a poll precisely reflecting the wishes of Goldman Sach’s CEO. Coincidence? I report, you decide.
Steve Hochstadt: The individualist quest for personal benefit is not in itself admirable. Individualism must be judged by its relation to the collective or it is just selfishness.
Ellen Brown: The Goldman Sachs coup that failed in America has nearly succeeded in Europe—a permanent, irrevocable, unchallengeable bailout for the banks underwritten by the taxpayers.
Friday Feedback: This week, go99ers comments on Ellen Brown’s analysis of another shady Wall Street practice: interest rate swaps: “This past week, ex- employee of the month Greg Smith said that Goldman-Sachs referred to our local bureaucrats and the gullible suckers at the raw end of a swindle as “muppets.” So according to them, WE are all muppets, suckers to be swindled. WOW!!!!”
Ellen Brown: The creation of credit has too long been delegated to a cadre of private middlemen who have flagrantly abused the privilege. We can avoid the derivatives trap by cutting out the middlemen and creating our own credit.
Joseph Palermo: The amazing thing about Mr. Smith’s decision to break the code of omertà at Goldman was the fact that an employee existed there at all who was still capable of making a moral or ethical judgment and could even express something resembling remorse.
Robert Reich: If you took the greed out of Wall Street all you’d have left is pavement. The problem is endemic abuse of power and trust.