Addressing 1,000 people in Madison, Wisconsin earlier this week, well respected MIT linguist and political critic Noam Chomsky reiterated that we should not underestimate the Tea Party movement. He also warned that fascism in the United States may be a distinct possibility. The following clip comes from The Progressive: …“I’m just old enough to have […]
Tag Archives: Consumer Financial Protection Agency
Chomsky on the possibility of fascism, and the importance of financial reform
Posted in Corporate Crime, Observations, Politics Also tagged anger, banking, banking reform, class resentment, class warfare, consumer, Elizabeth Warren, fascism, fear, FOX News, fraud, free market, Hitler, income disparity, investment banks, Madison, MIT, Nazi analogies, Noam Chomsky, Obama, Orpheum Theatre, Roosevelt Institute, Sarah Palin, Securities and Exchange Commission, state capitalism, tax the rich, tea party, teabaggery, things we ignore at out own peril, Wisconsin 6 Comments
Fighting for the Consumer Financial Protection Agency till our teeth are smashed out
As we’ve discussed here in the past, if we’re to avoid financial disasters in the future, it’s absolutely essential that the banking reform bill presently being discussed within the Senate Banking Committee establish a strong, independent Consumer Financial Protection Agency. Unfortunately, it looks as though some Democrats might be willing to trade it away in […]
Posted in Art and Culture, Economics, Politics Also tagged bailout, banking reform, Chevy Chase, Chris Dodd, COngressional oversight panel, Dan Aykroyd, Dana Carvey, Darrell Hammond, Elizabeth Warren, Federal Reserve, financial industry, Fred Armisen, Funny or Die, Jim Carrey, Maya Rudolph, No Chevy Chase rule, Obama, Saturday Night Live, Treasury Department, Wall Street, Wall Street bailouts, Will Ferrell 14 Comments
Sprouting Populist balls, and going after Wall Street
One good thing to come out of Republican Scott Brown’s election to the Senate a few days ago, is that it seems to have lit a fire under our President. In an abrupt about-face, Obama came out late last week, saying that our unrepentant financial industry had to be reigned in. Distancing himself from Treasury […]
Posted in Corporate Crime, Economics, Politics Also tagged bailout, Chris Dodd, COngressional oversight panel, Elizabeth Warren, financial reform, Glass-Steagall Act, investment banks, Paul Volcker, populism, Robert Reich, TARP, Ted Kennedy, Timothy Geithner, too big to fail, Troubled Assets Relief Program, Wall Street 2 Comments