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Tag: Deregulation

Left, Right & Center

‘Left, Right & Center’: Wall Street on the Rocks

What to make of the bailouts and sellouts that dominated the past week’s financial headlines? Well, “Left, Right & Center” commentators Matt Miller, Robert Scheer and Tony Blankley (Arianna Huffington was away) have some ideas about what caused the nightmare on Wall Street and what the future holds.

Posted on Sep 19, 2008 READ MORE


Wall Street crisis
AP photo / Richard Drew

Economic Meltdown: Don’t Say We Weren’t Forewarned

Has the war on terrorism become the modern equivalent of the Roman Circus, drawing the people’s attention away from the failures of those who rule them? Corporate America is a shambles because deregulation, the mantra of our president and his party, has proved to be a license to steal.

Posted on Sep 19, 2008 READ MORE


The ‘Reform’ McCain Wants to Forget

With the markets in frightening turmoil and the public outraged by financial irresponsibility and excessive greed, John McCain has suddenly rediscovered the importance of strong, watchful government.

Posted on Sep 17, 2008 READ MORE



commons.wikimedia.org

Chin Up, John McCain—There’s Always Tomorrow

John McCain’s Tuesday was so filled with gaffes and bad news that no one seemed to notice when one of his top advisers held a BlackBerry aloft and declared “you’re looking at the miracle that John McCain helped create.” That spectacle simply couldn’t compete with former HP CEO Carly Fiorina and, more significantly, the very public failure of deregulation.

Posted on Sep 16, 2008 READ MORE


AIG logo
listphile.com

Socialism for the Super-Rich

Here we go again: The Federal Reserve is bailing out another tanking financial institution—the insurance behemoth American International Group—by sinking $85 billion into AIG in return for a stake in the company. Meanwhile, House Speaker Nancy Pelosi has called for a Wall Street investigation following this latest startling agreement between big government and big business.

Posted on Sep 16, 2008 READ MORE


McCain and Gramm
AP photo / Douglas Healey

Earth to McCain: It’s a Crisis

Gag me with a spoon, as Valley girls used to say. Did you see that McCain-Palin ad promising “tougher rules on Wall Street to protect your life savings, no special interest giveaways”? Just how dumb do they think we are?

Posted on Sep 16, 2008 READ MORE


Roberts on Russia Today

Former Reagan Official: White House Sanctioned Georgia-Russia Conflict

Paul Craig Roberts, who was assistant secretary of the treasury during Ronald Reagan’s presidency, sees the Georgia-Russia conflict differently than the Bush administration does: “Americans themselves have nothing to gain,” Roberts said Friday; “What is operating is the dangerous ideology of the American neoconservatives whose goal is to assert American hegemony over the entire world.”

Posted on Aug 15, 2008 READ MORE


Bush and the Reagans
AP photo / Kevork Djansezian

The Real Legacy of the ‘Reagan Revolution’

McCain campaign co-chair Phil Gramm is right: We have “become a nation of whiners.” But who is whining more than the bankers that former Sen. Gramm’s financial deregulation legislation benefited? The very bankers who now expect a government bailout, such as those at UBS Investment Bank, where Gramm found lucrative employment.

Posted on Jul 15, 2008 READ MORE


Gramm and McCain
momocrats.typepad.com

McCain Adviser: Recession All in Our Minds

According to Phil Gramm, the former senator from Texas who’s now a key economic adviser to Sen. John McCain, America’s economic woes, insofar as they actually exist, are the product of some stinking thinking by “a nation of whiners” and doom-and-gloom headlines from the U.S. media.

Posted on Jul 10, 2008 READ MORE


Obama and Clinton
Flickr / Jurvetson / World Economic Forum

Obama and the Other Clinton

Ryan Lizza in The New Yorker quotes a Bill Clinton aide explaining why there has been so much tension between the former president and Barack Obama: “I think this campaign has enraged him. ... He doesn’t like Obama.” Why? Here’s one theory: While Hillary Clinton has adopted her husband’s legacy, Barack Obama has been assailing it.

Posted on Apr 28, 2008 READ MORE


foreclosure
AP photo / Reed Saxon

The Decriminalization of Corporate Crime

With our economic and financial crises deepening, government insiders reportedly are debating whether we need to restore some regulation—or not. Given the state of things, we can expect further woes and no regulation.

Posted on Mar 29, 2008 READ MORE


Enron Elephant
Illustration by Karen Spector

Put the Politicians in the Enron Docket

There simply would be no Enron story were it not for the deregulation of the energy market ushered in by Republican politicians.

Posted on Jan 31, 2006 READ MORE


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