by Richard Eskow | Feb 4, 2014 | Financial Reform
It seems like an idea whose time has come. With one in four American households partially or entirely excluded from the current banking system, and with the U.S. Post Office in search of additional revenue, why not use the postal system to offer banking services to...
by Richard Eskow | Jan 30, 2014 | Financial Reform, State of the Union
How did Tuesday night’s State of the Union speech resonate on Wall Street? Sometimes the old saying is literally true: Silence is golden. Here are some of the words and phrases that did not appear in President Obama’s speech: “Wall Street,” “bank,” “regulation,”...
by Sam Pizzigati | Jan 21, 2014 | Financial Reform
A new Toronto-based campaign is aiming to change the global conversation on CEOs, workers, and the real value of their labor. The 32,400 employees at Goldman Sachs averaged $383,374 each last year, the Wall Street banking giant disclosed last week. Typical employees...
by Richard Eskow | Jan 21, 2014 | Financial Reform
Have you heard? Goldman Sachs is "a shell of its former self.” Fortunately for its executives, this “shell” earned $8.91 billion in 2013, just a few short years after its leaders mismanaged it into the ground as its bankers committed serial fraud. There’s no...
by Terrance Heath | Jan 17, 2014 | Conservatism, Economy, Financial Reform
In 2010, the Heritage Foundation ranked Ireland in the top 10 counties in its "Economic Independence Index." Four years later, conservative austerity has wrecked Ireland's economy and other European economies. The "luck of the Irish" ran out in 2008, when the "Celtic...
by Thom Hartmann | Jan 2, 2014 | Democracy, Economy, Financial Reform, Progressive Vision
In our nation, finance has a hold on almost every single part of our lives – from the day we're born, until we take our last breath. Capitalism and the quest for larger profits have taken hold of our healthcare, our education, our homes, our communication, and even...
