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On AlterNet: financial crisis

Stories, blog posts, and videos tagged as "financial crisis"

Congress's Attempt at Financial Reform Is Very Weak Broth

Congress's Attempt at Financial Reform Is Very Weak Broth

Zach Carter, Media Consortium. December 16, 2009.
The latest efforts to reform Wall Street don't away with too-big-to-fail banks, and that's a big problem -- here's what progressives are saying about it.

America Without a Middle Class -- It's Not Far Away As You Might Think

America Without a Middle Class -- It's Not Far Away As You Might Think

Elizabeth Warren, AlterNet. December 5, 2009.
America today has plenty of rich and super-rich. But it has far more families who did all the right things, but who still have no real security.

Congress Can Kill Outlandish Bonuses for Wall Streeters: Why Won't They?

Congress Can Kill Outlandish Bonuses for Wall Streeters: Why Won't They?

Sam Pizzigati, Too Much: A Commentary on Excess and Inequality. December 2, 2009.
We need more protection from corporate greed than the current mainstream antidotes provide. Americans get this. Too bad moderate reformers don't.

Don't Fear the Deficit Bogeyman

Don't Fear the Deficit Bogeyman

John Miller, Dollars and Sense. November 26, 2009.
A second dose of deficit-financed stimulus spending would create a lot of jobs that America needs.

Hightower: Obscenely Rich Bankers Claim to Do God's Work -- They Can Go to Hell

Hightower: Obscenely Rich Bankers Claim to Do God's Work -- They Can Go to Hell

Jim Hightower, AlterNet. November 18, 2009.
Top executives were initially hurt by the public's moral outrage. But their sense of entitlement quickly kicked in, and now they claim they're the good guys.

Why Won't Obama Give You a Job?

Why Won't Obama Give You a Job?

Joshua Holland, AlterNet. November 17, 2009.
Wall Street's raking in massive profits and paying its execs and traders record bonuses, thanks in part to government cash. What about ordinary Americans?

What Can the Morass of the 1970s Tell Us About the Current Economic Crisis?

What Can the Morass of the 1970s Tell Us About the Current Economic Crisis?

Alejandro Reuss, Dollars and Sense. November 10, 2009.
Whether the gears of a capitalist economy mesh or not depends on the institutional framework in which capitalist companies operate.

Want to Save Our Economy from Almighty Greed? Here Are 10 Crucial Fights and Key Fighters to Watch

Want to Save Our Economy from Almighty Greed? Here Are 10 Crucial Fights and Key Fighters to Watch

Zach Carter, AlterNet. November 5, 2009.
If the economic crisis taught us anything, it's that bringing to heel the whiz kids of finance is a top priority.

How State-Owned Banks Can Help Americans (And Stick It to Wall Street, Too)

How State-Owned Banks Can Help Americans (And Stick It to Wall Street, Too)

Ellen Hodgson Brown, TruthOut.org. November 4, 2009.
With its populist business model, the Bank of North Dakota provides a template for sustainable fiscal policy at the state level.

We Need Smart Solutions to Our Long Jobs Crisis

We Need Smart Solutions to Our Long Jobs Crisis

Dean Baker, AlterNet. November 2, 2009.
All the projections show that the unemployment rate is likely to continue to rising for the immediate future and remain high for years to come.

Former Wall Street Player Reveals the Inside World Behind Shady Bailouts to Bankers

Former Wall Street Player Reveals the Inside World Behind Shady Bailouts to Bankers

Joshua Holland, Nomi Prins, AlterNet. October 30, 2009.
An interview with Prins, former managing director at Goldman Sachs, now a razor-sharp financial muckraker and author of the new book, "It Takes a Pillage."

Why This Economic

Why This Economic "Recovery" Will Be the Worst of Your Lifetime

Ian Welsh, Open Left AlterNet: Corporate Accountability and WorkPlace. October 13, 2009.
All the Obama administration has done is put the economy on life support then wander away.

A Little Help From Your Friends: How Common Security Clubs Can Mend Our Social Fabric

A Little Help From Your Friends: How Common Security Clubs Can Mend Our Social Fabric

Sam Pizzigati, Too Much: A Commentary on Excess and Inequality. October 13, 2009.
As the activities of many are beginning to illustrate, conquering economic inequality means banding together.

7 Big Questions for the Commission Tasked with Getting to the Bottom of the Financial Crisis

7 Big Questions for the Commission Tasked with Getting to the Bottom of the Financial Crisis

William Greider, The Nation. October 12, 2009.
Asking deeper questions about the true sources of the calamity is a first step toward developing authentic answers to the nation's predicament.

Turning Lead Into Gold: How CEOs'

Turning Lead Into Gold: How CEOs' "Performance Incentives" Are Screwing Everybody

Sam Pizzigati, Sarah Anderson, AlterNet. October 6, 2009.
A new Institute for Policy Studies Report shows how big-business bubbles are keeping CEOs in the black -- and robbing the little guy.

Why

Why "Economic Freedom" Is Just Another Way of Saying "Headed for a Cliff"

John Miller, Dollars and Sense. September 29, 2009.
Supposedly a tool for measuring financial autonomy, the Index of Economic Freedom does little more than usher in the same policies that caused our financial crisis.

Obama's Squandered Honeymoon: How Botched Bailouts Hamper Healthcare Reform

Obama's Squandered Honeymoon: How Botched Bailouts Hamper Healthcare Reform

Rob Johnson, NewDeal 2.0. August 31, 2009.
By refusing to stand up to the finance oligarchs, the Obama Admistration fed the cynics and dissipated the opportunity for real change.

NYT Invites You to Shed a Tear For the Super-Rich (While Reminding You How Much We Need Them)

NYT Invites You to Shed a Tear For the Super-Rich (While Reminding You How Much We Need Them)

Allison Kilkenny, True/Slant AlterNet: PEEK. August 21, 2009.
The New York Times has apparently failed to learn the most basic lessons from the global financial disaster.

What the Mainstream Press Can Learn from Matt Taibbi's Takedown of Goldman Sachs

What the Mainstream Press Can Learn from Matt Taibbi's Takedown of Goldman Sachs

Dean Starkman, Columbia Journalism Review. August 8, 2009.
If biz journalists won't step back and take in the sweep of this crisis, and the systemic distortions that underlie it, somebody else will.

The Dominance of Rich, White Men Is Eroding -- It's Time to Truly Fight for Diversity

The Dominance of Rich, White Men Is Eroding -- It's Time to Truly Fight for Diversity

Courtney E. Martin, AlterNet. July 29, 2009.
We need both women and men, and folks from a range of ethnic and class backgrounds, informing the creation of business "not as usual."

Schwarzenegger Reaches California Budget Deal

Jim Christie, Reuters July 21, 2009.
Schwarzenegger and top lawmakers agreed on Monday to close a $26.3 billion deficit.

Schwarzenegger, Lawmakers Resume California Budget Talks

Agence France Presse July 20, 2009.
California Governor Arnold Schwarzenegger on Monday resumed thorny negotiations with lawmakers.

Mortgage Frauds Are Going Up, and the FBI is Powerless

Mortgage Frauds Are Going Up, and the FBI is Powerless

Kat Aaron, Nick Schwellenbach, The Center for Public Integrity. July 18, 2009.
Institutions most likely to screw over the American public don't have to report suspicious activity to the feds.

A Dark Hole of Democracy: How the Fed Prints Money Out of Thin Air

A Dark Hole of Democracy: How the Fed Prints Money Out of Thin Air

William Greider, The Nation. July 17, 2009.
Pelosi: "We wake up one morning and AIG was receiving $80 billion from the Fed. So of course we're saying, 'Where is this money coming from?"

Hundreds of Thousands of Workers Will Lose Unemployment Benefits Soon

Hundreds of Thousands of Workers Will Lose Unemployment Benefits Soon

Marie Cocco, Washington Post Writers Group. July 10, 2009.
Workers laid off early in the downturn are soon to be left without the basic sustenance of an unemployment check.