I know that a number of consumer groups and unions are coming forward to support the financial reform bill that came out of conference committee on Friday. Among those singing the praises of the bill is Elizabeth Warren, the woman who heads the congressional panel overseeing the government’s bailout of American banks, whom I quote […]
Tag Archives: investment banks
Financial reform bill emerges from committee, but is it any good?
Posted in Economics, Rants Also tagged auto dealers, banking reform, Bob Rubin, Commodities and Futures Modernization Act, Consumer Financial Protection Bureau, Dylan Ratigan, Elizabeth Warren, everage exemption, financial reform, Glass-Steagall Act, Hank Paulson, Larry Summers, mark to myth, National Automobile Dealers Association, Obama, SEC, too big to fail, Wall Street, Wall Street bailouts, Wall Street bonuses 2 Comments
Chomsky on the possibility of fascism, and the importance of financial reform
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 […]
Posted in Corporate Crime, Observations, Politics Also tagged anger, banking, banking reform, class resentment, class warfare, consumer, Consumer Financial Protection Agency, Elizabeth Warren, fascism, fear, FOX News, fraud, free market, Hitler, income disparity, 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
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, Consumer Financial Protection Agency, Elizabeth Warren, financial reform, Glass-Steagall Act, Paul Volcker, populism, Robert Reich, TARP, Ted Kennedy, Timothy Geithner, too big to fail, Troubled Assets Relief Program, Wall Street 2 Comments