Tag Archives: investment banks

Financial reform bill emerges from committee, but is it any good?

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 […]

Posted in Economics, Rants | Also tagged , , , , , , , , , , , , , , , , , , , | 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 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 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 , , , , , , , , , , , , , , , | 2 Comments

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