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Main Street

Is Main Street Ready for the Second Wave of the Recession?

Don McNay | Posted 05.25.2011 | Business
Don McNay

The phrase "double-dip recession" means little to most of us. To people on Main Street, it hasn't been been a "dip". We took a drop to the bottom two years ago and stayed there.

Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011 | Business
Don McNay

If there was ever a shining example of why you should Move Your Money from Wall Street, legalized loan sharking is a good one.

Politics Trumps Progress: Main Street Likely to Be Left Out in the Cold Yet Again

Kristie Arslan | Posted 05.25.2011 | Business
Kristie Arslan

To date, Wall Street has received close to $5 trillion dollars in aid. Yet, nothing has been done to provide assistance or relief to the largest sector of our economy -- small business.

Money and the Magic Pill

Don McNay | Posted 05.25.2011 | Business
Don McNay

Right now, the top six "too big to fail" banks control about 70% of the wealth in America. Here's how we can all change that.

Bold New World: Reflections on Netroots Nation 2010

Christine Pelosi | Posted 05.25.2011 | Politics
Christine Pelosi

Beware the myth of the monolith -- we netroots activists come from all walks of American life to do the hard work of creating harmony from cacophony in a tradition as patriotic as our country's motto, E Pluribus Unum.

Was "Financial Reform" Really Robin Hood In Reverse?

Don McNay | Posted 05.25.2011 | Business
Don McNay

"Financial Reform" will be a boom for people in the payday loan business. There will be many new customers who need bank-like services. It's almost like Congress implemented a plan of "Reverse Robin Hood."

Friday Talking Points [131] -- Democratic Campaign Advice

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

This week, Congress -- moving with its usual less-than-blinding speed -- passed a Wall Street reform bill, a mere two years after the crisis hit. Wal...

After Goldman Give Up, Why Would Wall Street Be Scared of SEC?

Don McNay | Posted 05.25.2011 | Business
Don McNay

My father was a professional gambler and used to carry a roll of money that he called "walking around" money. Walking around money is what the SEC settled for in the Goldman Sachs case today.

Radical Shopkeeping: Innovation and Entrepreneurship for the People

Scott Ballum | Posted 05.25.2011 | Business
Scott Ballum

I often get asked to comment on entrepreneurship initiatives. Most commonly, the focus tends to be on "innovation", interpreted as hi-tech, and highly...

Dark Days Ahead

Lynn Tilton | Posted 05.25.2011 | Politics
Lynn Tilton

We need an antidote to end the plague of joblessness and that solution rests with helping America's struggling small and mid-sized businesses. America's future depends on it.

Goldman Sachs and the Ghost of Sam Erwin

Don McNay | Posted 05.25.2011 | Business
Don McNay

Any stand-up comic knows that a great way to draw attention is to use profanity. Thus, it is truly sad to see a Senator I used to respect like Carl Levin fall for that tactic.

Obama Struggles To Bring Back Jobs, With Those Of Fellow Democrats On The Line

AP | JULIE PACE | Posted 05.25.2011 | Politics

OTTUMWA, Iowa — President Barack Obama on Tuesday warned of harassment against Hispanics under Arizona's tough new immigration law, saying such ...

Coloradans Challenging Wall Street on Main Street This Week

T.A. Taylor-Hunt | Posted 05.25.2011 | Denver
T.A. Taylor-Hunt

The sidewalk outside the Wells Fargo Bank office at 17th & Broadway in Denver will host two Main Street actions in support of strong financial reform legislation in the U.S. Senate.

Friday Talking Points [129] -- Incrementalism Wins Big

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

We're going to begin today with the news that a popular New Jersey beach is considering allowing women to sunbathe topless. And then move right on to...

In The Public Interest: My Top Ten List of Things to Watch For at Today's Wall Street Reform Conference

Ed Mierzwinski | Posted 05.25.2011 | Politics
Ed Mierzwinski

The good news is that both the House and Senate passed Wall Street reform bills including a strong, new, independent consumer agency.

Debt Relief Scam Report: GAO Calls Practices 'Fraudulent, Deceptive And Abusive'

Los Angeles Times | Posted 05.25.2011 | Business

A new report by undercover government investigators bolsters longstanding concerns that companies promising to help consumers overwhelmed by credit ca...

What's Bad for Wall Street Is (Sometimes) Good For The Rest Of Business

BNET | Carter Dougherty | Posted 05.25.2011 | Business

As Congress approaches the moment of truth in reforming the American financial system, some folks are getting lost in the shuffle: everyone in this co...

Is Being Anti-Goldman Sachs Being Anti-American?

Don McNay | Posted 05.25.2011 | Business
Don McNay

The real scandal of the entire bailout mess was how money was funneled through AIG to pay "counterparties" like Goldman Sachs 100 cents on the dollar.

Financial Reform: The Feingold Factor

TPMDC | Brian Beutler | Posted 05.25.2011 | Business

Progressive backers of financial reform are pushing Sen. Russ Feingold (D-WI) to reconsider his protest vote against imposing tougher rules on Wall St...

Goldman Sachs: Too Big For Jail?

Don McNay | Posted 05.25.2011 | Business
Don McNay

Just because the SEC filed a lawsuit, it doesn't mean they will win. Goldman Sachs could easily prevail. Before we start breaking out the champagne, let's look at what is actually going on.

Shahien Nasiripour

Senator Says Loophole In Derivatives Regulation Undermines Reform

HuffingtonPost.com | Shahien Nasiripour | Posted 11.20.2009 | Business

The effort to impose new restrictions on the financial system falls short of true reform if there's a gigantic loophole for foreign exchange derivativ...

Shahien Nasiripour

Another Fed Official Supports Plan Forcing Banks To Spin Off Derivatives Units; Obama's Treasury STILL Opposed

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The president of the Federal Reserve Bank of St. Louis supports a Senate plan that would force Wall Street megabanks to spin off their derivatives uni...

Why Term Limits Don't Work

Don McNay | Posted 05.25.2011 | Politics
Don McNay

Like much of America, I'm down on professional politicians. I'm tired of people getting in office to line their pockets, suck up to lobbyists and constantly run for re-election.

New York Times Does Not Understand Main Street

Don McNay | Posted 05.25.2011 | Media
Don McNay

Reporting that Main Street was complicit in the financial meltdown is like blaming a murder victim for being in the wrong place at the wrong time.

The F Word: The Pain of FauxFeminist Populism

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

I feel your pain -- how many times are we going to hear that between now and the midterm elections? Republicans and Democrats all know that the econom...