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...
by Bill Scher | Apr 23, 2010 | Blog
Today at the Virtual Summit on Fiscal and Economic Responsibility for People Who Did Not Wreck the Economy hosted by Campaign for America's Future... There Are No Greedy Geezers: Former members of the 1982 National Commission on Social Security Reform Eric Kingson,...
by Terrance Heath | Apr 23, 2010 | Blog
How, many people have asked since news broke about Bernie Madoff's $50 billion ponzi scheme, could regulators have let such a blatant criminal slip through their fingers? We know, now. The Securities and Exchange Commission is the sheriff of the financial industry,...
by Isaiah J. Poole | Apr 23, 2010 | Blog
Most discussions about addressing the country's budget deficit essentially leave out a $1.1 trillion slice of the federal government. That's the size of the federal government's "tax expenditures" in fiscal year 2009, based on calculations in a new Citizens for Tax...
