by William K. Black | Sep 11, 2015 | Financial Reform
By issuing its new memorandum Thursday, the Justice Department is tacitly admitting that its experiment in refusing to prosecute the senior bankers that led the fraud epidemics that caused our economic crisis failed. The result was the death of accountability, of...
by Jim Hightower | Sep 3, 2015 | Blog, Economy, Financial Reform
Some days, I get an irresistible compulsion to tear out my hair. My latest outbreak was triggered by a New York Times opinion piece by Peter Georgescu, the former chairman of the giant PR outfit Young & Rubicam. He issued a clarion call for his corporate peers to...
by Jim Hightower | Aug 19, 2015 | Conservatism, Financial Reform, This Is The GOP
Phil Gramm, the former right-wing senator from Texas, has surprised me. I assumed he had zero charitable instincts. In office, he kept trying to kill safety net programs, such as food assistance: “We’re the only nation in the world where all our poor people are fat,”...
by Cormac Close | Aug 17, 2015 | Financial Reform
Symphony, a planned chat system being developed on behalf of Wall Street's biggest institutions, has a ton of fancy new features. You can personalize filters, share trading algorithms, prevent “government spying,” and much, much more! Wait, about that last one.... Are...
by Lynne Stuart Parramore | Aug 4, 2015 | Blog, Economy, Financial Reform, Progressive Vision
America’s parasitical oligarchs are masters of public relations. One of their favorite tactics is to masquerade as defenders of the common folk while neatly arranging things behind the scenes so that they can continue to plunder unimpeded. Perhaps nowhere is this...
by Cormac Close | Aug 3, 2015 | Financial Reform
On June 28, the Governor of Puerto Rico told the world that the island’s debts are not payable. “It’s not politics” he told the New York Times, “It’s math.” Like many impoverished debtors, Puerto Rico chose to live beyond its means not because of greed but because it...
