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JPMorgan Chase on Capitol Hil (tags)

grand theft

Wall Street Under Obama: Bigger and Riskier (tags)

After the financial levees broke and the crumbling banks ushered in the economic crisis, angry people clamored for drastic change in the financial system. Obama reflected these feelings well, at times using radical rhetoric to denounce the banking titans. What he promised was deep regulatory change so that such a crisis “would never happen again.” Like every other promise of substance, Obama’s pledge to “rein in” the banks has fallen by the wayside; the well-timed rhetoric smoothed over public tensions and now business is back to usual. The New York Times remarks:

Competing Ideologies: Davos v. Belem (tags)

alternate ideological views

What the Economic Crisis Means for Us and How to Defend Ourselves (tags)

Gloom and Doom-----The pillars of the U.S. capitalist economy are crumbling and falling all around us while the federal government frantically races from one crisis to another, throwing money at them as if throwing water on a fire. It could well turn out that the money represents only a few drops of water thrown on threatening flames that will soon billow into an out-of-control wildfire so that nothing President-elect Barak Obama has proposed will succeed in averting the disaster.

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