McCain Gets It, Obama Doesn't
The Obama-backed bank regulation bill, with some deceptive reformist window dressing, is a pro-Wall Street business-as-usual cop-out. How odd that it is now McCain standing up to the oversize banks.
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The Blog
As the Economy Slides, Time to Rein in the Banksters
It's a new year, and some, erroneously believe a new decade. What's not new is the stranglehold the banks have on our economy, quietly stashing billions for bonuses while still restricting the flow of credit.
In The Public Interest: It's Time for Main Street to Score a Win - Will Congress Do the Right Thing?
In 2010, will the Senate be able to reject the self-serving demands of the bank lobby and protect Main Street?
The Buck Stops With Us
After the passage of historic health care reform there will still remain very tough questions on the direction of our economy and the steps to take. But good will - charity - does exist.
Dear Fellow Owners
I never wanted to own part of a bank, insurance company, or automaker. But now I do. If you are a U.S. citizen, you do too.
Fannie Mae and Freddie Mac: Just a Four-Letter Word?
The night before Christmas, the Treasury announced that these two bankrupt mortgage giants would get an unlimited draw on the taxpayers' dollars. This looks a lot like TARP.
2009: The Year Wall Street Bounced Back and Main Street Got Shafted
If 2009 has proved anything, it's that the bailout of Wall Street didn't trickle down to Main Street. Mortgage delinquencies continue to rise. And people everywhere, it seems, are worried about losing their jobs.
Have We Forgotten How To March?
Was the president signaling that it was time for progressives to form a visible protest movement against "fat cat bankers"?
The Parable of the Unmerciful Bankers
It's estimated that the bonus pool of just one of these big banks would have been enough money to prevent or significantly delay foreclosure for all 2.3 million people who lost their homes last year.
Republicans' Job Creation Tripe
The bank bailouts are now expected to cost $200 billion less than initially anticipated. When last week President Obama rightfully proposed using thes...
Wall Street Tells the President of the United States to Bugger Off
With the nation up in arms about the perversity of pouring billions into the coffers of the banks the symbolism of the three CEO's tone deaf failure to be present in Washington is beyond understanding.
Why Are the Banks Not Lending More?
Our leaders have chosen to shift the burdens onto the U.S. public and refuse to regulate Wall Street. It's almost as if Wall Street owns Washington.
Wall Street's Fat Cats Are Still In Charge
Obama's stern rhetoric apparently did not move the top banking honchos who failed to show up for this week's White House meeting with the president.
Are Bank Executives Really Stuck in the Fog?
Common sense should have told these gentlemen that when the President of the United States summons you to the White House, you check the weather ahead of time and plan accordingly.
Financing a Real Deal in Copenhagen
America mobilized $11 trillion in a little over a month to combat the global financial crisis. So when the U.S. delegation in Copenhagen says it can't come up with more money to combat climate change, the whole world hears that it just isn't that big a priority.
The Middle Class Collapse
Do the super-rich really earn their wealth? Financial wealth is a slippery concept especially as it slithers through a mountain of bailouts now running somewhere near $13 trillion.
Bail Out Money Can Save Music
Great news today. ...
Matt Taibbi on Obama's Big Sellout
This article originally appeared on my site Credit Writedowns Matt Taibbi is one of the few commentators in the mainstream media who is not worried a...
The Return of the TARP Hostage Takers
Since the TARP escapade worked so well, the Wall Street gang is now trying another round of hostage taking, possibly for even bigger stakes. This time the plan is go after Social Security and Medicare.
5 Facts the Finance Industry Would Rather Ignore
Incomplete reform won't work. The major proposals in Congress fail to comprehensively tackle the root cause of the crisis: bankers making huge profits by taking inappropriate risks with other people's money.
Making Job Creation a Priority
If you commissioned an ad firm to come up with a two word description of the economy that would provoke great feelings of anger and resentment, they'd have a tough time coming up with something better than "jobless recovery."
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