The Big Banks Are Corrupt – And Getting Worse

The repercussions of the latest Justice Department deal with felonious big banks were limited to a few headlines and some scattered protestations. That’s not enough. Our financial system is corrupt by design.
Richard Eskow
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Celebrating the Flash Crash with a Wall Street Sales Tax

This week marks the fifth anniversary of the Flash Crash; when the stock market lost almost 9 percent of its value from its opening level, within 5 minutes. The market quick recovered, but the crash revealed its extraordinary instability.
Dean Baker
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The Unfinished Business of Financial Reform

We know what changes we need to make financial markets work better. The key steps aren’t hard. It just takes political courage and a strong demand from the public to complete the unfinished business of financial reform.

America’s Billionaires Owe You a Thank You Note

This tax season, America’s billionaires are toasting you, the ordinary taxpayer. That’s because you’re the one picking up the tab for our nation’s ailing infrastructure of roads, bridges, and rail transport, among other things.
Chuck Collins
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Big-Bank Bad Guys Bully Democracy – And Blow It

They've cheated customers and defrauded investors. Now they want to use our legalized system of campaign-cash corruption to protect themselves from the very government that rescued them.
Richard Eskow
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A Voice for Workers at the Federal Reserve

The Federal Reserve Board is deciding when to raise interest rates. Its decisions will decide if millions of Americans get jobs or pink slips, whether wages rise or stagnate. Workers need a voice in those deliberations.
Robert Borosage
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Progressive Wedge Issues for Cities and States

For years, conservatives used “wedge issues” to split moderates from progressives. It's time to promote some progressive wedge issues and our best opportunities for both publicity and passage are in states, cities and counties.

Democrats Take on Wall Street with Financial Transactions Tax

The House Democratic Party leadership made a remarkable step forward last week in putting out a proposal for a financial transactions tax. There should be no mistake; this is a really big deal for the financial industry.
Dean Baker
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Enougher is Enougher: ANOTHER Citi Nominee

Brilliant people with expertise and a willingness to serve the public is a good thing. It is something we want people to do. But the number of Citigroup and other Wall Street people in high positions of our government matters right now.

Call Congress To Oppose Backroom Wall Street Deal

We're calling for an all-out push today to stop a backroom deal that would reopen the Wall Street derivatives casino that caused so much damage in 2008, with taxpayers stuck with the bill for cleaning up the mess.
Isaiah J. Poole
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Wall Street Moves In For The Kill

Wall Street isn't just trying to get another friend into a powerful position and win back taxpayer guarantees. It wants to make its own agenda seem inevitable. It wants to crush an incipient populist resistance.
Richard Eskow
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Urgent: Tell Congress To Not Reopen The Wall Street Casino

The Wall Street caucus in Congress is trying to slip a major attack on hard-won financial reforms into a spending bill designed to keep the government running. We're asking people to sign an emergency petition.
Isaiah J. Poole
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Wall Street’s Democrats

America can’t tackle widening inequality without confronting the power and privilege lying behind it. If the Democratic party doesn’t lead the charge, who will?

We Don’t Need More Public Service From Wall Street Bankers

We have a very serious problem of financial regulators who serve Wall Street and not the general public. Our financial regulators have done a terrible job for everyone except the people they are supposed to be regulating.
Dean Baker
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Sorkin’s Attack on Elizabeth Warren Misses the Mark

Sen. Warren needs no help defending herself. Rather, it is Andrew Ross Sorkin's New York Times piece that warrants further examination for its failed arguments and the misplaced intensity of his own emotions.
Richard Eskow
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Revealing Corporate Largesse

Corporations are funneling money to anti-consumer, anti-worker, anti-environment, right-wing governors who work against the interests of their customers and employees.
Jim Hightower
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Geithner and AIG: Hard Lessons From the “Bailout Trial”

AIG's lawsuit, which featured testimony from two former Treasury secretaries, is giving the American people some hard lessons in the workings of the bailout process and the shortcomings of our current economic system.
Richard Eskow
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Seven Revelations From Those Secret Goldman Sachs Tapes

Carmen Segarra was appointed to oversee a sleazy and disreputable institution with a record of bad behavior for which it had recently paid a record fine. That's important to remember when you hear her tapes.
Richard Eskow
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