by Zach Carter | Jun 23, 2010 | Blog, Financial Reform
Astonishingly, as Wall Street reform enters its final hours a tired, generic corporate refrain against regulation is gaining traction. As bigwig bankers and their lobbyist brethren fight to defeat tough new rules on derivatives—the crazy casino that brought down...
by Robert Borosage | Jun 23, 2010 | Blog
Americans have grown fearful. Most believe, not surprisingly, that the country is headed in the wrong direction. For the first time ever, most Americans believe their children may not fare as well as they have. We spend nearly as much as the rest of the world combined...
by Bill Scher | Jun 23, 2010 | Blog
Stateline just published a horrifying report on how the recession has depleted government coffers and forced states to execute mass layoffs and deep cuts in services. And the Wall Street Journal today reports that the recession continues to put the hurt on states: a...
by Richard Eskow | Jun 23, 2010 | Blog
This Saturday an organization called AmericaSpeaks is sponsoring a "National Town Meeting" on the budget deficit in twenty cities. Although organizers claim to be non-partisan, a review of their materials shows a strong ideological bias and a thinly disguised goal: to...
by Zach Carter | Jun 23, 2010 | Blog, Financial Reform
A coalition of conservative New Democrats, whose leader is being investigated by a Congressional ethics committee over Wall Street fundraising, has officially come out in favor of gutting financial reform. The issue they've targeted: derivatives, the most closely...
by Dave Johnson | Jun 23, 2010 | Blog
American deregulated corporatism: Short-term profits for a very few at the expense of the rest of us. The Gulf oil spill is driving home the "expense of the rest of us" part of this equation. And the corporatist/conservative reaction to government's efforts to reign...
