by Isaiah J. Poole | May 6, 2010 | Blog
The current drumbeat of commentary on the right that the Obama administration was too slow in responding to the BP oil spill disaster in the Gulf raises two obvious questions. One: Is it true? The answer is “no,” according to, among other things, a...
by Zach Carter | May 6, 2010 | Blog, Financial Reform
Word is circulating through Capitol Hill right now that Sen. Chris Dodd (D-CT) has agreed to back a comprehensive audit of the Federal Reserve, paving the way for the almost certain passage of the measure. This is a major victory for serious Wall Street reform, and...
by Dave Johnson | May 6, 2010 | Blog
There have so been many examples lately of the wealthy and the executive class having a sense that they are superior and entitled to fleece and feed off of the rest of us. Here is one more. BP CEO Tony Hayward on who will be responsible for paying oil spill damages,...
by Richard Eskow | May 6, 2010 | Blog
Harry Reid got it right when he said that the GOP is "making love to Wall Street" - and when politicians and bankers "make love" it's the public that gets screwed. Sen. Shelby's so-called "consumer protection amendment" failed, as expected.(!) But what happens next?...
by Zach Carter | May 6, 2010 | Blog
2:20 I agree in theory with just about everything that Tim Geithner said over the past two hours. The trouble is, his solutions-- a systemic risk regulator, giving regulators more powers -- won't be enough to fix the system. You need hard rules in place that force...
by Sara Robinson | May 5, 2010 | Blog
Suppose they gave a tea party and nobody came? That's pretty much what happened on Tuesday, as the first wave of Tea Party primary candidates all went down to abject humiliation at the hands of the voters. Skippy the bush kangaroo surveys the catastrophe (note:...
