Tag: Wall Street

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Geithner Gets Morgan-Chase Gravy

Timothy Geithner (left), then Treasury Secretary, meeting with President Barack Obama in the Oval Office. (White House photo)

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.

Deconstructing America’s ‘Deep State’

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Americans perceive what has happened to their democratic Republic only dimly, tricked by rightists who call all collective government actions bad and by neoliberals who make “markets” a new-age god. But ex-congressional budget official Mike Lofgren shows how this “Deep State” really works, writes Chuck…

Shaking Up the Democratic Party

Sen. Bernie Sanders, I-Vermont, who is seeking the Democratic presidential nomination.

By demanding a “revolution” to shift power away from Wall Street, Sen. Sanders is attracting millions of young Americans who want fundamental change. He’s also upsetting the Democratic establishment which favors only incremental “reforms” acceptable to corporate interests, as Norman Solomon notes.

Betting on the Wall Street Crash

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Exclusive: The 2008 Wall Street crash resulted from a combination of unrestrained greed and political contempt for government regulators who might have prevented the devastation. In The Big Short, the tale is told from the perspective of a few players…

How Debt Conquered America

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Special Report: America presents itself to the world as “the land of the free” but for the vast majority it is a place of enslaving indebtedness, a reality for much of “the 99%” that has deep historical roots hidden or…

Hillary Clinton’s Sincerity Question

Former Secretary of State Hillary Clinton.

As Hillary Clinton talks up her commitment to economic and social justice, the big question for Democrats is: Does she means what she says or is she just mouthing words to block challengers from her left, as Bill Moyers and…

Reconstructing Democracy

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American government increasingly bent to the whims and desires of the wealthy is emerging as a populist issue among pro-democracy citizens who favor the old idea of government for the people, as Michael Winship describes.

Gen. Petraeus: Too Big to Jail

Gen. David Petraeus in a photo with his biographer/mistress Paula Broadwell. (U.S. government photo)

From the Archive: Retired Gen. David Petraeus confessed on Thursday to giving sensitive government secrets to his mistress and then lying about it to the FBI, but will get no jail time, only two years probation and a fine, showing…

Will ‘Too-Big-to-Fail’ Banks Fail Again?

Timothy Geithner (left), then Treasury Secretary, meeting with President Barack Obama in the Oval Office. (White House photo)

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.

Much Bank Crime, Little Punishment

Attorney General Eric Holder. (Photo credit: Department of Justice)

Wall Street banks made a bundle on securitized subprime mortgages until the bubble began to burst in 2007 inflicting devastating harm on average people around the world. Yet, despite government rhetoric to the contrary, the key culprits have escaped punishment,…