by Roger Hickey | May 17, 2012 | Blog
The following was drafted for delivery at the Protest The Fiscal Summit demonstration outside the Peter G. Peterson Fiscal Summit in Washington on May 15. Thank you, Sen. Sanders. And welcome to all of you to Andrew Mellon Auditorium, named after one of the wealthiest...
by Robert Borosage | May 17, 2012 | Blog, Economy
The dire threat facing America, according to Mitt Romney and Republicans this week, is debt, not mass unemployment. We face "a prairie fire of debt," Mitt Romney warned in Iowa. Debt is "a grave threat to freedom," intoned House Speaker John Boehner in Washington,...
by Alan Jenkins | May 17, 2012 | Blog
One by one, the excuses have fallen. Yet Edward DeMarco, acting head of FHFA, the agency that runs Fannie Mae and Freddie Mac, still fails to offer the most effective relief available to American homeowners struggling with mortgages held by those entities. Economists,...
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...
