The collapse and bailout of Silicon Valley Bank shows little has changed for reckless financial actors, writes Les Leopold. If financial institutions are so interconnected that we can’t let them fail, they should be run as publicly owned utilities.
Less than four years after precipitating a devastating financial crisis and getting bailed out by taxpayers the big banks are looking to Election 2012 as a chance to roll back even modest reforms, like the Volcker Rule, that reined in Wall…
Exclusive: Backed by a powerful right-wing media and aggressive Tea Party activists, Republicans appear unafraid of any political risks from their out-of-hand rejection of President Barack Obama’s jobs bill. The GOP senses its anti-government message remains potent, writes Robert Parry.