Norman Solomon: After the leading blue chip closed sharply lower at the end of last week, even declaring “my time is up,” many top investors felt overexposed and looked for shelter.
Justin Weinger: Because day trading requires an entirely different mindset than traditional buy and hold trading, it can be difficult to adjust.
Ellen Brown: Phil Murphy, a former banker with a double-digit lead in New Jersey’s race for governor, has made a state-owned bank a centerpiece of his platform. If he wins on November 7, the nation’s second state-owned bank in a century could follow.
RJ Eskow: It’s easy to condemn the Eric Holder of today. It’s harder to understand, and sadder to contemplate, whatever became of someone who was once so young and idealistic.
Richard Eskow: As members of the House Financial Services Committee, the “Hedge Fund 13″ all voted for a Wall Street-backed bill with an Orwellian name: the “Investment Advisers Modernization Act.”
Judith Lewis Mernit: The Congressional Budget Office estimates that taxing carried interest at ordinary rates would net $18 billion over 10 years.
Robert Borosage: When Sanders questions Clinton about her funding from Wall Street, she charges Sanders with making “false character attacks.” But the influence of campaign contributions isn’t about character, it is about association, gratitude and access.
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.
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
Robert Borosage: At a global level, it is time for the leading economic powers to meet and coordinate a plan to reflate the global economy, moving from competitive austerity and currency devaluation to coordinated expansion. Global Recession Again
Yuisa Gimeno: The economic disaster is an outgrowth of long-term siphoning away of Puerto Rico’s resources by its colonial overlord, the USA, and finance capital’s relentless pressure to implement neoliberal austerity measures. Puerto Rico Debt Crisis
Steve Hochstadt: The differences between the policies of Ronald Reagan and Barack Obama are enormous, but both the conservative Reagan and the liberal Obama allowed the giant banks to run the American economy in their own interests.