News & Comment
Blogs and Opinion
Congress' Choice: Real Derivatives Reform Or Another Wall Street Earthquake by Robert Johnson, OurFuture.org | November 18, 2009This post is an excerpt of testimony presented to the Senate Agriculture Committee on November 18, 2009 in a hearing on legislation reforming regulation of financial markets. The testimony was presented on behalf of Americans for Financial Reform. read more »
$140 Billion for Bonuses, Zero for America’s Future by Dave Johnson, OurFuture.org | November 11, 2009Here is another story about Wall Street’s war on the real economy. US Steel was planning to invest $1 billion in building an environmentally-friendly new “coke battery” plant in Clairton, PA. The new battery would dramatically reduce the emissions used in the process, and use the gases to produce electricity. According to the Pittsburgh Post-Gazette, read more »
The Angelides Commission: Tell America What Happened by Robert Borosage , OurFuture.org | September 17, 2009Today the new Financial Crisis Inquiry Commission, modeled after the New Deal-era Pecora Commission, begins its investigation into possible misconduct by the financial sector causing last year's market meltdown. read more »
- 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. read more »
- The reappointment of Ben Bernanke as Chairman of the Federal Reserve -- cleverly timed to defuse the news of burgeoning federal deficits -- was preordained. The "markets" demanded it, and as James Carville noted, when the markets speak, presidents listen. read more »
- Now that congressional leaders have named the members of the Financial Services Inquiry Commission—what is often referred to as the "Pecora Commission"—we are going to see once again who is prepared to lay the groundwork for real financial reform and who is going to stand in the way. read more »
- There's a reason why lawbreakers don't get to negotiate the terms of their punishment or their parole. There is no bartering to be done between the protectors of law and order and the violators of law and order. There are only two basic questions for the person who dared to stand outside the law: What is required of you to atone and what must be done to prevent that lawbreaking from recurring. read more »
A New Player in the Banking Reform Fight: Citizens by Mike Elk, OurFuture.org | June 11, 2009The fact that regular citizens have been largely excluded from the debate over financial regulation on Capitol Hill was underscored most vividly when Sen. Richard Durbin, D-Ill, said last month that "frankly the banks own the place." read more »
The U.S. Chamber of Commerce: Threat To Capitalism by Eric Lotke, OurFuture.org | June 11, 2009The U.S. Chamber of Commerce announced yesterday that it would “develop a sweeping national advocacy campaign … to defend and advance America’s free enterprise values in the face of rapid government growth and attacks by anti-business activists.” The Chamber doesn’t get it. They aren’t defending capitalism and free enterprise. They are all but destroying it. read more »
- I stopped reading The Wall Street Journal editorial page when it soared off into wingnuttery, writing tomes on the imaginary conspiracy to off Vince Foster and other fantasies. The news pages remain useful; the editorial page hasn't improved much. read more »
Occupy Protest: Vacant Homes Take Over To Protect Dispossessed Americans, alternet.org | December 8, 2011
In a supposedly capitalist society with the notion of efficient distribution of goods and services through hard work and free market forces there is something exquisitely poetic in wasted US human capital occupying wasted US material capital to achieve those more »
Massive Fraud: Watchdog critical of SEC hedge fund probe, Marketwatch | December 1, 2011
OK America, your legal system has been trashed. Your constitution has been trashed. Whats next?
"WASHINGTON (MarketWatch) — The Securities and Exchange Commission’s watchdog released a report Wednesday examining an anonymous tip explaining that agency staffers discovered a “massive fraud” by a hedge fund manager and never pursued it. "
Occupy Wall Street: you can't evict an idea whose time has come, The Guardian | November 15, 2011
Now is the time.... Right Now....
At 2.43am, the New York Observer reported that photographers with credentials were barred from Liberty Square. Seconds later the director of editorial operations at Gawker reported that a CBS news chopper were ordered out of the sky by the NYPD. New York Times journalist Jarid Malsin went to jail in zipties.
Occupy Oakland throng closes down port, sfgate.com | November 3, 2011
Thousands of people jammed into downtown Oakland on Wednesday for a general strike called by Occupy Oakland to protest economic inequity and corporate greed - then marched en masse to the Port of Oakland and shut it down. more »
Church Of England Opens Doors and Dialogue With Occupy Protestors , The Guardian | November 1, 2011
The Church Of England is an institution with global reach and it has concluded that far from closing its doors and evicting London's occupy protestors it should open its doors and listen to them. more »
Regulators Investigating MF Global for Missing Money, dealbook.nytimes.com | November 1, 2011
By BEN PROTESS, MICHAEL J. DE LA MERCED and SUSANNE CRAIG more »
1% Get The Dream 99% Get The Nightmare, Huffington Post | November 1, 2011
Torture: Private Prosecution against George W. Bush On Canadian Arrival, globalresearch.ca | October 25, 2011
Should crimes committed in the Bush II era in our name be quietly forgotten?
No, and here is why: more »
Occupy Wall Street protesters march against police brutality, The Guardian | October 1, 2011
Watching someone get pepper sprayed for lawfully expressing their opinion brings the nature of the beast into full view.
I hope the victim's eyes recovered OK, paradoxically the sheer arrogant brutality was the eye opener. more »
'Occupy Wall Street' Fighting Bankster Greed and the Surveillance State, alternet.org | September 29, 2011
The crackdown on the Wall Street protesters this weekend seems to have backfired. The campsite-cum-experiment in radical democracy is still there, holding general assemblies just shouting distance from Goldman Sachs and the Wall Street bull. more »