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390 Years Minus 100 Days, Pt. 4 of 5

Now, what did he do that for? That was my first thought when our newly-minted attorney general reached for his own rhetorical handful of elephant, as in the previous examples. Not because I thought he was wrong, but because he was saying what was virtually unsayable...

A Victory For Accountability

The decision by the House of Representatives on Wednesday to follow the Senate and vote for an independent commission to investigate the causes of the financial crisis is a significant win for the cause of accountability and reform on Wall Street. Assuming that it...

Did Derivatives Drive the Meltdown?

A World Bank economist is suggesting we need to concentrate less on the complexities of high finance and more on the noxious simplicity of our deeply unequal income distribution. Our high priests of high finance — the bankers and traders of Wall Street — take great...

House Says Yes To Financial Crisis Probe

Two weeks after House Speaker Nancy Pelosi called for the creation of an independent panel that would investigate the causes of the current financial crisis, the House of Representatives has joined the Senate in approving a financial fraud bill that authorizes such a...

The Subprime Rogues Who Bought Congress

A Center for Public Integrity report released today, "Who's Behind the Financial Meltdown," spells out how 25 of the country's largest financial institutions fueled the subprime mortgage market that precipitated the global financial crash. In addition, as a...

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