Banking and Housing

I just read Danny Schechter’s latest, “The Crime of Our Time,” which ads to his latest film, “Plunder,” and a series of related books.

It’s useful to remember that Congress and the presidents bailed out with our money people who appear guilty of serious crimes, and is now debating whether to slightly regulate their ongoing crimes, but criminal prosecutions are still not flowing down like waters into Wall Street.

Schechter’s read more

Wall Street’s gone wild and Congress seems disinclined to rein it in. The Justice Department may stray slightly from the president’s goal of “looking forward, not backward.” But there’s a weakness in the master plan for Goldman Sachs’ domination of the world: Wall Street is in New York State, and the leading candidate for New York State Attorney General is Elizabeth Holtzman.

If Liz runs on a campaign to clean up Wall Street, regulate it, and deter crimes by read more

You can join the rest of the country on Valentine’s Day in breaking up with the big banks and making these too big to fail monstrosities too failing to be big:
http://www.bankbreakup.org

Come on.

A little less talk and a lot more action.

By David Swanson

If someone told you that a bunch of low-income people, most of them African-American or Latino, most of them women, most of them elderly, had been victimized by a predatory mortgage lender that stripped them of much of their equity or of their entire homes, you might not be surprised. But if I told you that these women and men had gotten together and, after three years of work, brought the nation’s largest high-cost lender to its knees, forced it to sell out to a foreign read more

By David Swanson

I’ve just interviewed Les Leopold, who blames the recent financial disasters on trends that began over 30 years ago, explains how a great deal of Wall Street’s “investing” has had as much connection to the real economy as fantasy baseball has to baseball, diagnoses the failures of labor and the left to resist the financialization of the economy, views the current situation with genuine optimism as a rare moment in which we might be able to make necessary read more

By David Swanson

If you’re like me you find it at least a bit disturbing that we’re giving trillions of dollars to save the economy to the very people who wrecked it, and more disturbing that we’re doing so without any solid basis for expecting to get much of it back and without making fundamental changes to prevent a repetition. But if you’re like me, you also aren’t 100 percent certain how a credit default swap works with a cubed collateralized debt obligation, read more

Flyers to take to teabag rallies:

Large jpg. PDF. Word. Old Word.