by Richard Eskow | May 17, 2012 | Blog
Most observers are missing the point. When CEO Jamie Dimon announced that JPMorgan Chase had incurred at least $2 billion in losses from risky, unsecured, derivatives-types trading, it uncovered the scandal of our time once and for all. The Chase disaster gives us a...
by Isaiah J. Poole | May 17, 2012 | Blog, Financial Reform
JPMorgan Chase’s $2 billion bad bet has made it crystal clear: The Wall Street banksters are still recklessly gambling with government-guaranteed money. And the too-big-to-fail banks are still too big. It is time for Congress to act. Tell Congress to break up the big...
by Bill Scher | May 17, 2012 | Uncategorized
MORNING MESSAGE: Make Banking SAFE OurFuture.org's Isaiah J. Poole: "SAFE (Safe, Accountable, Fair and Efficient) Banking Act sponsors Sen. Sherrod Brown and Rep. Keith Ellison are featured speakers at the June 18-20 Take Back the American Dream conference. (Click...
by Dave Johnson | May 16, 2012 | Blog
Suppose the "deficit hawk" plan unfolds just as it is being presented -- right after the election and before those we elect can take office, the Congress meets and hammers out a "grand bargain" to "reform" taxes and cut back on government and the things democracy does...
by Richard Eskow | May 16, 2012 | Blog
Today a bunch of rich white guys held a "Fiscal Summit" and agreed that: 1. Despite the fact that unemployment is causing untold suffering for millions of people, it's not very important. 2. Despite the fact that wage stagnation is destroying the middle class, that's...
