The value of the Davis example, as with the parade of Wall Street hustlers so prominent among the Clintonistas, is that his greed has broken his cover.
We here at Truthdig know that our own Robert Scheer really wishes that he didn’t have to write his latest book “The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street,” but ... (continued)
Finally! The announced departure of Lawrence Summers as the president’s top economic adviser is welcome news. Harvard’s loss in taking back its $586,996-a-year professor and “president emeritus,” who is also paid millions by Wall Street on the side, is the nation’s gain.
In appearances on MSNBC and KCRW, Truthdig Editor Robert Scheer is coming out with rhetorical guns blazing to talk about the economic crisis, Wall Street pandering, and the culpability of both parties in all of it.
Since the collapse happened on the watch of President George W. Bush at the end of two full terms in office, many in the Democratic Party were only too eager to blame his administration.
The big cop-out in much of what has been written about the banking meltdown has been the argument by those most complicit that there was “enough blame to go around” and that no institution or individual should be singled out for accountability. “How could we have known?” is the refrain of those who continue to pose as all-knowing experts.
We’ve heard about the robber barons on Wall Street who brought on our current economic crisis, but they couldn’t have done it without the help of key political players like Bill Clinton, for one, as Robert Scheer tells Amy Goodman in this “Democracy Now!” interview about his new book.