Despite the 2008 Wall Street crash and government promises of reform, the old back-scratching ways of special favors and influence are again in vogue – as if they were ever out of style, writes JP Sottile.
Geithner Gets Morgan-Chase Gravy
Tag: Timothy Geithner
The ‘Anti-Knowledge’ of the Elites
Exclusive: It’s fairly easy to spot the “anti-knowledge” spouted by the Tea Party and the Religious Right’s favorite candidates, but a more subtle form of reality-deprived “group think” pervades America’s elites though it is rarely noted in the polite circles of…
America’s Surge Toward Oligarchy
Exclusive: With the rapid concentration of wealth in a few well-manicured hands and the right-wing U.S. Supreme Court declaring money to be speech, the American surge toward oligarchy has gained what looks like an unstoppable momentum, as JP Sottile explains.
Will ‘Too-Big-to-Fail’ Banks Fail Again?
Despite Wall Street’s booming recovery, Main Street continues to struggle with high unemployment and low wages, making another bust more likely. And, the “too-big-to-fail” banks may be more vulnerable than they appear, writes Danny Schechter.
Obama’s Challenge at Treasury
With Treasury Secretary Timothy Geithner planning to step down, President Obama is faced with an important appointment. Much of Official Washington wants a “deficit hawk,” but Obama and the country would be better served by someone who cares more about…