Since the nation's capital is enamored of bipartisanship in all its forms, it's surprising that today's letter from five former Treasury Secretaries - both Democratic and Republican - isn't front page news. The secretaries strongly endorsed the so-called "Volcker rule" in a letter to the Wall Street Journal. more »
Whirlpool, recipient of federal stimulus "smart grid" dollars, is closing an Evansville, Indiana freezer-topped refrigerator and icemaker production plant and moving the 1,100 jobs to Mexico. more »
Let's have a frank talk about an uncomfortable subject: Progressives need to raise campaign money in order to get elected and stay in office. Sometimes that money has to come from places that progressives aren't comfortable talking about. This gritty reality has too often led to the conclusion that the Left needs to bow down to Wall Street in order to succeed. more »
The news is out: The Wall Street bankers we bailed out are giving themselves 2009 cash bonuses of a half million dollars on average -- not including stocks. more »
What a week. Call it the Shock Doctrine in reverse: The Massachusetts election and yesterday's Supreme Court ruling may force the Democrats to move to the left to ensure their political survival. They're now faced with a choice they clearly didn't want: forcefully reject the corporate agenda, or risk losing to opponents who can attract an unlimited flow of corporate dollars. more »
Hundreds of taxpayers converged in front of the Washington headquarters of Goldman Sachs with a basic demand for its CEO: Before you issue multibillion-dollar bonuses to your executives, help clean up the mess you and other Wall Street titans made on Main Street. more »
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thenation.com — The Obama administration promised to reform the financial system and make it safe for the rest of us, but recent Congressional action is more likely to reset the fuse for another explosive calamity. Washington insiders may not be shocked to learn that private-interest groups provided the draft bill. But the legislation was delivered to the House Financial Services Committee by Blue Dog Democrats, not lobbyists.
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