Joe Mathews: Most American newspapers today are owned by little-known rich people or faceless corporations, and it’s rare that papers do things that people love or hate. The LA Times suffers from this same malady: It’s unthreatening and predictable.
Ellen Brown: Interest rate swaps are now over 80 percent of the massive derivatives market, and JPMorgan holds about $57.5 trillion of them.
This week, Shamus Cooke’s article, “Why U.S. Politicians Are Quiet About Europe’s Meltdown,” led the way, suggesting that working people in the U.S. need to learn to speak Greek, and adopt an increasingly popular slogan that rejects austerity measures: Tax the Rich!
Robert Reich: Obama can can take on Romney and the system that allows private-equity managers to continue to make huge profits at the expense of average Americans.
Joseph Palermo: With new evidence mounting each day that the system is as broken as it was before the meltdown of September 2008 and will likely require another colossal taxpayer bailout at some point, the public might be able to compel even the isolated 1 percenters among Washington’s policy elite to take heed.
Robert Reich: Let’s also stop hoping Wall Street will mend itself. What just happened at J.P. Morgan reveals how fragile and opaque the banking system continues to be.