In one of the most astonishing speeches ever given from the senate floor, progressive Democrat, Senator Elizabeth Warren, called out the Obama administration for being a wholly owned subsidiary of Citibank.
Tag: Wall Street
Why is the stock market soaring when the real economy is on its knees?
The short answer is the Fed has been propping up the stock market. And, high stock prices are not always tethered to traditional methods of stock
Dangerous beliefs: US moral superiority and our right to world hegemony
[by Madonna Gauding] In the windowless rooms of American corporate media, the assumption of U.S. hegemony is echoed on the alphabet TV channels and
Jackson, Mississippi rising
Six years after the 2008 economic meltdown, the overwhelming majority of people in the U.S. and the E.U are still struggling. Most people know
Global derivatives markets 20 percent larger than before the crash
What’s a derivative? The word “derivative” may ring a bell because Wall Street speculation in “innovative financial instruments” such as derivatives, helped tank the economy
America’s not-so “Golden Age” (1945-1971)
The financial meltdown of 2008 prompted many of us to look back to the decades after WWII for guidance—when Glass-Steagall kept banks in check,
Why insurance companies will undermine the Affordable Care Act
In a recent article at Truthdig, “The Public-Private Profiteers,” Barabara Garson is critical of President Obama’s reliance on public-private partnerships to solve major social
Elizabeth Warren confronts Wall Street Democrats
Recently, Elizabeth Warren delivered a speech from the floor of the Senate. Her purpose was to condemn Obama’s “Grand Bargain” proposal to use a
Senator Sanders holds town halls on the Danish “solidarity” system
“I won’t dispute for one second the problems of a system that demands immense amount of fund-raisers by its legislators,” Jim Himes—a Democrat from
Larry Lessig: A handful of people own our country
There are a thousand hacking at the branches of evil to one who is striking at the root. —Henry David Thoreau Activist and academic