by Zach Carter | Jun 2, 2010 | Blog
Buffett is already defending Moody's with statements that appear to be reasonable, but are in fact completely incoherent. Here's what he says about the top brass at bailed out banks: "When society has to step in to save institutions . . . the CEO should go away...
by Zach Carter | Jun 2, 2010 | Blog, Financial Reform
Today's Financial Crisis Inquiry Commission hearing on credit rating agencies promises to shed quite a bit of light on one of the most profitable and corrupt businesses in Corporate America. Rating agencies score huge profits regardless of how accurate their ratings...
by Dave Johnson | Jun 2, 2010 | Blog
No serious person denies that Reagan's 1981 tax cuts and military increases threw the country into a pattern of borrowing and borrowing that we have not escaped. When Reagan took office the national debt was $995 billion. When Reagan left office it was $2.87 trillion...
by Richard Eskow | Jun 1, 2010 | Blog
President Obama's Department of Justice announced last week that there would be no indictments in the collapse of AIG, an event which led to a worldwide economic collapse and cost the American taxpayer trillions. As someone who once worked for AIG I was shocked, but...
by Terrance Heath | Jun 1, 2010 | Blog
The change agenda at America's Future NOW! REGISTER NOW for AFN 2010 Bob Herbert's latest New York Times column, "Our Epic Foolishness," could (and perhaps should) serve as the introduction to a book about how America got into the various messes we're in...
by Dave Johnson | Jun 1, 2010 | Blog
Washington politicians are convinced that the public is demanding cuts in spending, even over creating jobs and restoring the economy. This pressure comes because much of the public believes that "Obama tripled the deficit." This has been the right's drumbeat for over...
