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Curbing Wall Street

Mr. President, Stop Protecting Bankers From These Law Enforcement Officials

Richard (RJ) Eskow | Posted 02.10.2012 | Politics
Richard (RJ) Eskow

Lately we've been hearing some strong words from the President about Wall Street crime. But when the cameras and lights aren't around, his Administration's been working feverishly to protect bankers from state law enforcement officials.

Stock Market Plunges. The Free-Market God Is Angry With His Followers!

Richard (RJ) Eskow | Posted 10.02.2011 | Business
Richard (RJ) Eskow

No sooner did the president and Boehner announce their agreement than the stock market fell dramatically. The all-knowing Stock Exchange, that Delphic Oracle of their cult, has looked upon their handiwork... and frowned.

The Kidnapper's Guide to Negotiating a Budget (or, Why We Need an Independent, Non-Party Movement)

Richard (RJ) Eskow | Posted 05.31.2011 | Politics
Richard (RJ) Eskow

In the bloodbath that is modern American politics, the courtly Dems still want to fight by Marquis of Queensbury rules, while their opponents pummel them with knives and brass knuckles.

Pictures of MERS, Part 1: Corporate Documents Illustrate the Mortgage Shell Game

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

At the center of the foreclosure fraud crisis lies something called "MERS," which is usually described in news reports as a computer system and database. But if you do some digging, you find it's much more than that.

A Banker Can't Get Arrested in This Town

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

As we look back on the last two years of Wall Street misbehavior it seems reasonable to ask the question: What's a banker gotta do to get arrested in this town?

Forget Teddy Roosevelt! If the Rich Pay, Everybody Pays

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

There's a new undercurrent in Washington debate, an unstated drive to undo the bipartisan consensus that's governed American policy for a century. The old belief that greater fortune brings greater responsibility is under attack.

Consumer Protection: Progressive Momentum and Forbidden Love

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Harry Reid got it right when he said that the GOP is "making love to Wall Street" -- and when politicians and bankers "make love," it's the public that gets screwed.

A Letter -- and a Challenge -- to an Anonymous Wall Street Whiner

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

An anonymous email's been making the rounds on Wall Street from some loser who thinks he's a shark. Let's get this out of the way first: The only thing worse than a spoiled, self-satisfied brat is a whiny, spoiled, self-satisfied brat.

The Most Important Speech the President Has Ever Given

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Obama can't keep using Tim Geithner or Larry Summers as spokespeople on the issue of financial reform. He has to sell it himself -- strongly, forcefully, and specifically.

The Trillion-Dollar Shadow

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

What secrets are hidden in the Federal Reserve's trillion-dollar shadow? Senators like Chris Dodd and Judd Gregg don't want us to know. They don't even want to know, themselves.

"No More Secrecy": Open The Wall Street Negotiations and Empower Voters

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

The White House should use its voice and its influence to push for full transparency in financial reform so that we can watch the lobbying and backroom deals that usually happen behind closed doors.

Meg Whitman's Shady Goldman Sachs Past -- Is It California's Future?

Richard (RJ) Eskow | Posted 05.25.2011 | Los Angeles
Richard (RJ) Eskow

With the betting is still hot and heavy on who will default first -- Greece or California -- does the state really need to be led by someone with a Goldman Sachs mentality?

Boehner's On Board: Momentum Builds to Televise the Conference

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Congress is on the brink of conducting an innovative exercise in open government -- one that will also ensure that we get the most effective financial reform possible.

Wall Street: Terminators in the Casino

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Wall Street's been a high-risk thrill ride for years, enriching for some but empty of deeper meaning and divorced from underlying value. The "flash crash" didn't break the market, but it did reveal fault lines.

Demand an "Up or Down Vote" On Real Financial Reform

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Instead of having politicians do their horsetrading in private and leaving the public vote until the end, let's have a public show of hands on the vital economic issues of our time.

No Accountability in NY or DC: $15 Billion for Jobs, $20 Billion for Bonuses - and Dodd Still Wants to Compromise

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

29 million unemployed Americans will receive less financial support in total than was given out in bonuses to about 165,000 Wall Street employees. If you don't feel like a sucker yet, you're probably not paying attention.

Wall Street and GOP Senators: 8-Ball in the Side Pocket

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

The party that's benefiting most from anti-bank "Tea Party" rage -- and is organizing it -- turns out to the party that is most willing to let the banks do whatever they want, regardless of the risks.