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.
Tag: Wall Street
Rail Workers Urge Nationalization Amid Ohio Disaster
As the toxic aftermath of the major Norfolk Southern derailment plays out, Railroad Workers United calls for public ownership of a system beset with “profiteering, pillaging and irresponsibility.”
Craig Murray: Sy Hersh & The Way We Live Now
Coverage of the sabotage of the Nordstream pipelines helped Murray realize something important about how the Big Lie works.
Ask Larry Summers About Crypto Now
Considering how eagerly the financial press solicits the views of the former U.S. Treasury secretary, Jeff Hauser and Max Moran would like reporters to ask him about his involvement with a crumbling company.
Chris Hedges: Woke Imperialism
Diversity is important. But when it is devoid of a political agenda it recruits a tiny segment of those marginalized by society into unjust structures to help perpetuate them.
Wall Street Greenwashing
“Carbon intensity” and reductions in “overall greenhouse gas emissions” are two very different things, writes Alec Connon.
Investing in Guns or People?
For an explanation of the massive inflationary wave that is now cresting on the world and causing widespread suffering and instability, Vijay Prashad turns to U.S. economic policy.
When Wall Street Came to My Mobile Home Park
Francine Townsend loved where she lived until a corporation entwined with a Toronto-based private equity firm took ownership of it.
Consortium News: Exposing the Myths of America
Consortium News delivers first-rate journalism that bursts the myths that U.S. elites depend on to fool people into supporting their designs.
Trillion Dollar Pools of Unregulated Capital
Chuck Collins considers the systemic risks of “family offices,” those in-house wealth management systems that hit the headlines with the the collapse of Archegos Capital.