As the successful prosecutions of Savings and Loan executives in the early 1990s proves, the federal government has the tools to prosecute those responsible for our economic mess. It simply lacks the inclination or courage to do so.
The EPA is under attack from the Republicans, and we must fight to protect the very agency that works to protect public and ecological health in America. Is this a private fight or can anyone get in it? Earth activism is a public fight.
Wherever you may live, think of your part of the hemisphere as a bowl, but instead of looking inside as one student did in his toilet bowl, look outside, up toward the sky and think, what have we dumped there?
The reason we have continued sky-high unemployment has nothing to do with excessive regulation. There was no sudden outpouring of federal regulation in 2007 before the economy tanked and millions lost their jobs.
Here's an idea: Let's give hundreds of billions of dollars in government-backed guarantees to private banks so they make a fortune writing mortgages without any risk to themselves. Hey, what could go wrong?
The Financial Crisis Inquiry Commission just released its report, and it's already under attack by the Four Horsemen of the Economic Apocalypse: the Ideologue, the Lobbyist, the Think-Tanker, and the Politician.
People interviewed in Inside Job claim that finance professionals deserve their money. But can someone rationally argue that someone earning $30 million/year works 1,000 times harder than someone earning $30,000/year?
Transparency is not a substitute for better regulation by national governments and international institutions, but more disclosure and increased civic participation would definitely add significant muscle to traditional regulatory systems.
Rather than providing a platform for presentation of a corporate wish list, Darrell Issa should be subjecting corporate claims to the withering scrutiny he promises for the Obama administration. These claims collapse under examination.
The Republicans on the Financial Crisis Inquiry Commission tried to undermine that group's work by attempting to ban phrases like "Wall Street" from its final report. Now they are trying to explain away their behavior.