Gag Me With a Banker
Having learned nothing from his midterm drubbing, President Obama is reportedly considering making JPMorgan Chase executive William Daley his chief of staff. Because what this administration needs is more sympathy for the hooligans on Wall Street.
Having learned nothing from his midterm drubbing, President Obama is reportedly considering making JPMorgan Chase executive William Daley his chief of staff. Because what this administration needs is more sympathy for the hooligans on Wall Street.
Daley, one of a seemingly endless supply of think-small corporate Democrats, is the founder of a think tank that goes by the unfortunate name of Third Way. — PZS
AS CHAOS UNFOLDS, FIND SOLID GROUND…Los Angeles Times:
Daley, 62, would bring a strong business resume to the White House. He is an executive with JPMorgan Chase & Co. and a prominent figure among centrist Democrats.
In 2009, Daley was one of the first high-profile Democrats to urge Obama to move toward the political center. In an op-ed piece in the Washington Post, Daley said the party must either “plot a more moderate, centrist course” or risk major losses in the midterm congressional election and future campaigns as well.
In July, Daley joined the board of trustees of Third Way, a Democratic think tank whose agenda he characterized as “moderate, pro-business and pro-growth.”
In this time of unprecedented challenges, independent journalism is more vital than ever. At Truthdig, we expose what power wants hidden and give you the clarity to make sense of it all.
Your donation helps ensure that truth telling continues.
Economic Justice
Elizabeth Warren (D-Massachusetts) and J.D. Vance (R-Ohio) have joined forces in a rare bipartisan effort to make top executives pay for their mistakes.
Lessons learned from the 2008 financial crisis show that taxpayer-funded blank checks to institutions do nothing to help those struggling
Because our banks aren't nationalized, its inability to work with Congress has resulted in another botched attempt at crisis management.
Its forced choice to bankroll hedge funds and other speculative ventures in repo market comes at a price to the middle class.
The Massachusetts senator and Democratic presidential contender wants to make it harder for big banks to prey on consumers.
The threat of a U.S. technology company taking up the model set by China's WeChat Pay and Alipay may now be materializing.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.