by Zach Carter | Apr 26, 2010 | Blog, Financial Reform
Last week, Larry Summers, the top economic adviser to President Barack Obama, gave a startlingly dishonest interview with PBS Newshour's Jeffrey Brown. When asked directly why the White House was not pushing to break up the nation's largest banking behemoths, Summers...
by Dave Johnson | Apr 26, 2010 | Blog
A return to Eisenhower-era 90% top tax rates helps fix our economy in several ways: 1) It makes it take longer to end up with a fortune. In fact it makes people build andearn a fortune, instead of shooting for quick windfalls. This forces long-term thinking and...
by Dave Johnson | Apr 25, 2010 | Blog
A return to Eisenhower-era 90% top tax rates helps fix our economy in several ways: 1) It makes it take longer to end up with a fortune. In fact it makes people build and earn a fortune, instead of shooting for quick windfalls. This forces long-term thinking and...
by Sam Pizzigati | Apr 25, 2010 | Blog
Some Americans get all bent out of shape when they hear someone label the United States a 'plutocracy.' But if we have an honest-to-goodness democracy, where the people really rule, then how can we explain Goldman Sachs? The outsized political role of Goldman Sachs,...
by Roger Hickey | Apr 24, 2010 | Blog
On Wednesday Wall Street multibillionaire Peter G. Peterson, who has pledged to spend a billion dollars to panic Americans about deficits in order to get them to slash Social Security and Medicare, is conducting a “Fiscal Summit” in Washington featuring many of the...
by Richard Eskow | Apr 23, 2010 | Blog
The Senate Budget Committee nearly voted to break up Wall Street's biggest banks. But four Democrats helped pro-Wall Street Republicans kill an amendment from Bernie Sanders that would "require the divestment of any financial institution the failure of which would...
