Financial Crisis


Robert Borosage's picture

Where Will the Jobs Come From?

They are popping the bubbly on Wall Street. Million-dollar bonuses, the Dow at 10,000, the casino is open again. Forget President Obama, who says we can't go back to an economy where finance pockets 40 percent of the profits. We're already headed there.

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Isaiah J. Poole's picture

The Failure To End "Too Big To Fail"

The facts, as Wall Street insider-turned-investigative journalist Nomi Prins laid them out Thursday in her talk at the Economic Policy Institute, are a damning indictment of the performance of our politicians. more »

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Bruce Judson's picture

Restoring Trust in Our Economic System & The Institutions of Our Democracy

This is the first article in a three-part series on the FCIC. The article originally appeared at the New Deal 2.0 project, where I am a Braintruster.


The Financial Crisis Inquiry Commission (FCIC), which started work last week, will have a significant impact on the health of our democracy. more »

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Bruce Judson's picture

Economic Inequality: The Wall Street Journal is Just Wrong

For anyone with even a passing familiarity with issues associated with economic inequality, The Wall Street Journal front page story last week was shocking. Its use of bad data was a misuse of this important forum. more »

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Isaiah J. Poole's picture

Financial Crisis Probe Gets Under Way

The Financial Crisis Inquiry Commission, the panel created by Congress to investigate the causes of last year's financial market meltdown, held its inaugural meeting September 17 as the nation observed the one-year anniversary of the nadir of the Wall Street economic collapse. more »


Isaiah J. Poole's picture

Pecora II Meets, Grassroots Mobilizes

In their first meeting Wednesday, members of the Financial Crisis Inquiry Commission—often characterized as the second coming of the Pecora Commission that investigated the causes of the Great Depression—clarified how they see their mission and what we can expect. more »

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Robert Borosage's picture

The Mugging of the Common Good

Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
....The best lack all conviction, while the worst
Are full of passionate intensity.
Surely some revelation is at hand

-- William Butler Yeats

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End Sarah Palin-Style Capitalism

alternet.org — What if the bailout actually works? What if the financial sector is saved and the economy returns to the course it was on before the crisis struck? What would that world look like? The answer is that it would look like Sarah Palin. Is that what we want?

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Federal Pension Guarantor's Cozy Ties With Wall Street

tpmmuckraker.talkingpointsmemo.com — Remember the former Lehman investment banker who, after taking over the federal agency that guarantees our pension systems under President Bush, had the genius idea to ignore a host of warnings and switch the agency's investment portfolio from conservative bonds to risky stocks—just as last year's financial storm was gathering? Turns out Charles Millard and two Wall Street firms had a mutual courtship on the taxpayer's dime.

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