The False Debate on the Debt

Apr 13, 2011
In the ever-so-smug company of the rich and powerful, it is a given that there is never to be any expression of remorse or other acknowledgement of the pain they have inflicted on the lesser mortals they so cavalierly plunder. There is currently no shortage of corporate profits or excessive executive compensation to explain away the failure of the private sector to create jobs.
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Big Banks Get Billions, Waters Gets Busted

Aug 10, 2010
Broadway and Central Avenue in the Watts area of South Los Angeles are lined with dozens of small, marginal businesses, but hardly any banks. In a capitalist economy, these are streets without capital, losers in the race to the top. Waters has spent years trying to help minority-owned banks. Her relationship with one of them, OneUnited, got her in trouble.

Rebuke but No Consequences for Post-Bailout Bonuses

Jul 24, 2010
Sticks and stones and all that: U.S. bankers are probably glad today that, as the childhood rhyme claims, "words can never hurt me," since the Obama administration’s so-called pay czar has decided to criticize them for paying out $1.6 billion in extra payments to top execs after they received federal bailout funds -- but not seek any punishment.

Goldman Plays, We Pay

Apr 21, 2010
The story of the financial debacle will end the way it began, with the super-hustlers from Goldman Sachs at the center of the action and profiting wildly Never in US history has one company wielded such destructive power over our political economy, irrespective of whether a Republican or a Democrat happened to be president.

The Sorry State of the Union

Jan 27, 2010
The state of the union is just miserable, no matter how President Obama sugarcoats it. He will claim that progress has been made in stabilizing the markets, increasing national security and advancing toward meaningful health care reform, but he will be wrong on all three counts. The state of the union is just miserable, no matter how President Obama sugarcoats it.

Obama Talks Tough on Banking Reform

Jan 22, 2010
In case you hadn't noticed, not a heck of a lot has changed on Wall Street in the last year, despite various banking behemoths' successful pleas for federal aid to float them out of the recession they were instrumental in creating. Well, that's about to change -- or so President Barack Obama says, at least.