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Entries by Robert Reich from 05/2010

The Rebirth of Regulation

| Posted 05.03.2010 | Business

We need new regulation that's tot heavy-handed and unnecessarily costly, but that's up to the task of protecting the public from companies and executives who will do almost anything to make a buck.

Absurd Double Standards: FTC Threatens Apple for Economic Abuse While Ignoring Wall Street

| Posted 05.04.2010 | Business

Our future well-being depends more on people like Steve Jobs who invent real products that can improve our lives, than it does on people like Jamie Dimon who invent financial products that do little other than threaten our economy.

The (Almost) Crash of Wall Street

| Posted 05.07.2010 | Business

Ninety minutes before the end of the trading day Thursday, the U.S. stock market almost melted down. The Dow Jones Industrial Average dropped nearly 1,000 points and still, no one knows why.

The White House Should Stop Pandering to the Street and Support Three Critical Banking Reforms

| Posted 05.10.2010 | Business

The White House is dismissing the three financial regulatory reform amendments that are necessary to restore trust in our financial system. Will there be a course correct before it's too late?

Lincoln to the Rescue

| Posted 05.11.2010 | Politics

Blanche Lincoln wants to force the banks to put their derivatives into separate entities that aren't subsidized by you and me. This is just common sense. But it's the biggest battle in financial reform right now.

BP Stands for Bad Petroleum

| Posted 05.16.2010 | Business

When you hear dueling public statements like what we've heard from the White House and BP, watch your wallets. You can safely assume BP's lawyers are already at work to ensure that the firm pays not a cent more than $75 million.

The 'Mad-As-Hell' Party Scores as the Anxious Class Stews

| Posted 05.18.2010 | Politics

Do the electoral trends right now signal increasing strength on both political extremes? No -- not really. To the extent these races represent anything at all, it's a swing against the establishment.

Closing Tax Loopholes for Billionaires

| Posted 05.23.2010 | Business

Call me old fashioned but I just think it's wrong that a single hedge fund manager earns a billion dollars, when a billion dollars would pay the salaries of about 20,000 teachers.

Why the Finance Bill Won't Save Us

| Posted 05.24.2010 | Business

The White House has jettisoned all measures in the finance bill that would change the industry's structure -- opting instead for more regulations. But regulations don't work if it's the underlying structure that got us into trouble in the first place.

How Conservatives Made the Case for Increased Regulations

| Posted 05.27.2010 | Politics

Since Ronald Reagan first opined that government was the problem rather than the solution, right-wing Republicans have blasted all forms of regulation. Now we see the consequences of years of regulatory neglect.

Why Obama Should Put BP Under Temporary Receivership

| Posted 05.31.2010 | Green

The president should temporarily take over BP's Gulf operations. We have a national emergency on our hands. No president would sit by and watch a privately owned nuclear reactor melt down and the gulf spill is the environmental equivalent.