News & Comment
Blogs and Opinion
Congress' Choice: Real Derivatives Reform Or Another Wall Street Earthquake by Robert Johnson, OurFuture.org | November 18, 2009This post is an excerpt of testimony presented to the Senate Agriculture Committee on November 18, 2009 in a hearing on legislation reforming regulation of financial markets. The testimony was presented on behalf of Americans for Financial Reform. read more »
$140 Billion for Bonuses, Zero for America’s Future by Dave Johnson, OurFuture.org | November 11, 2009Here is another story about Wall Street’s war on the real economy. US Steel was planning to invest $1 billion in building an environmentally-friendly new “coke battery” plant in Clairton, PA. The new battery would dramatically reduce the emissions used in the process, and use the gases to produce electricity. According to the Pittsburgh Post-Gazette, read more »
The Angelides Commission: Tell America What Happened by Robert Borosage , OurFuture.org | September 17, 2009Today the new Financial Crisis Inquiry Commission, modeled after the New Deal-era Pecora Commission, begins its investigation into possible misconduct by the financial sector causing last year's market meltdown. read more »
- In their first meeting Wednesday, members of the Financial Crisis Inquiry Commission—often characterized as the second coming of the Pecora Commission that investigated the causes of the Great Depression—clarified how they see their mission and what we can expect. read more »
- The reappointment of Ben Bernanke as Chairman of the Federal Reserve -- cleverly timed to defuse the news of burgeoning federal deficits -- was preordained. The "markets" demanded it, and as James Carville noted, when the markets speak, presidents listen. read more »
- Now that congressional leaders have named the members of the Financial Services Inquiry Commission—what is often referred to as the "Pecora Commission"—we are going to see once again who is prepared to lay the groundwork for real financial reform and who is going to stand in the way. read more »
- There's a reason why lawbreakers don't get to negotiate the terms of their punishment or their parole. There is no bartering to be done between the protectors of law and order and the violators of law and order. There are only two basic questions for the person who dared to stand outside the law: What is required of you to atone and what must be done to prevent that lawbreaking from recurring. read more »
A New Player in the Banking Reform Fight: Citizens by Mike Elk, OurFuture.org | June 11, 2009The fact that regular citizens have been largely excluded from the debate over financial regulation on Capitol Hill was underscored most vividly when Sen. Richard Durbin, D-Ill, said last month that "frankly the banks own the place." read more »
The U.S. Chamber of Commerce: Threat To Capitalism by Eric Lotke, OurFuture.org | June 11, 2009The U.S. Chamber of Commerce announced yesterday that it would “develop a sweeping national advocacy campaign … to defend and advance America’s free enterprise values in the face of rapid government growth and attacks by anti-business activists.” The Chamber doesn’t get it. They aren’t defending capitalism and free enterprise. They are all but destroying it. read more »
- I stopped reading The Wall Street Journal editorial page when it soared off into wingnuttery, writing tomes on the imaginary conspiracy to off Vince Foster and other fantasies. The news pages remain useful; the editorial page hasn't improved much. read more »
A culture of bullying and greed: Wanted - interns for Goldman Sachs... , independent.co.uk | October 17, 2012
WikiLeaks Is Down After Denial of Service Attacks, mashable.com | August 9, 2012
After five days of denial of service attacks, the WikiLeaks website has been knocked out. more »
The Spreading Scourge of Corporate Corruption, The New York Times | July 11, 2012
Perhaps the most surprising aspect of the Libor scandal is how familiar it seems. Sure, for some of the world’s leading banks to try to manipulate one of the most important interest rates in contemporary finance is clearly egregious. more »
Needy States Use Housing Aid Cash to Plug Budgets, The New York Times | May 16, 2012
Vermont Legislature Passes Resolution Challenging Citizens United, commondreams.org | April 21, 2012
From 'Pipe Dream' to 'Mainstream' citizens fight back against corporate personhood more »
Goldman Sachs: Lloyd Blankfein 'disappointed' by claims of 'toxic' greed, telegraph.co.uk | March 14, 2012
Legal Fees Mount at Fannie and Freddie, The New York Times | February 22, 2012
Taxpayers have advanced almost $50 million in legal payments to defend former executives of Fannie Mae and Freddie Mac in the three years since the government rescued the giant mortgage companies, a regulatory analysis has found.
To: DOJ Funky fascist America Dept
Subject: Accountability more »
Apple investigates 'sweat shop' factories following suicide threat, telegraph.co.uk | February 13, 2012
The technology giant, which has faced criticism over working conditions at some of its suppliers’ plants in China, said today that it had asked the Fair Labor Association (FLA) to conduct “special voluntary audits” of several facilities, including factories owned b more »
On the Trail of Mortgage Fraud, The New York Times | January 17, 2012
When is a crime not a crime?
When criminality subverts the system, challenges the system, becomes the system. From the Kleptocrats' point of view it is the systematic breakdown of each and every law which gets in their way; preventing the ascent to power of their enhanced moral values.
The Kleptocrats are really America's third political party.
Help Stop SOPA/PIPA Breaking The Internet, wordpress.org | January 14, 2012
You are an agent of change. Has anyone ever told you that? Well, I just did, and I meant it.