Director Charles Ferguson pointed out in his acceptance speech last night that three years after the stock market crash the guilty parties are still walking free. Who’s running the government?
February 28, 2011
February 26, 2011
This article will tell you just about all you need to know about inequality in the American economy. For example: 2007-2009, Wall Street profits were up 720%, unemployment was up 102%, home equity was down 35%. Great graphs.
February 2, 2011
BND stands for the Bank of North Dakota, the state-owned bank that is the main reason the state of North Dakota is sailing along without a deficit and a bank credit crisis. When you bank with Bank of America, your money leaves the state and some banksters in Wall Street make a pretty penny. Several other states are considering such a move (Washington state has bills in the legislature). Why not BPA – the Bank of Pennsylvania?
December 10, 2010
The Justice Department has put out a list of malefactors from our recent economic unpleasantness. So far so good. But some of those named were picked up long before Holder took office, and glaringly absent from the list are the bigshots who ran – and run – the giant banks. Nobody’s touching them.
November 8, 2010
Galbraith says Obama’s failure was in turning over economic policy to bank-friendly people – Geithner, Summers, Bernanke – who had no interest in Main Street. So the big banks called all the shots and took home some very nice bonuses. Sounds about right to us.
November 5, 2010
There are plenty of things Obama can do in the next two years to advance the progressive agenda and get this country going again, and they don’t need congressional help or votes or blessings. The first thing to do is clean house. Get rid of people like Tim Geithner who are more concerned with Wall Street than Main Street. Then use the regulatory powers you already have. Enforce the new rules for banks. Make sure the new health law gets going to help sick people. Crack down on oil and coal companies that are wrecking our environment. Get all the old government agencies ticking again – FEC, FTC, FCC, ICC, EPA . Be the Commander-in-chief who gets our troops and our treasure out of Iraq and Afghanistan and a thousand bases around the world. In other words, act more like the head of the executive branch and less like a prime minister. Yes you can.