In recent months, a blizzard of new data has laid bare the dilapidated condition of the American economy, and particularly of the once-mighty American middle class.
Amy Goodman, Shahien Nasiripour, Democracy Now!. May 18, 2011.
The nation's five largest mortgage companies are being accused of defrauding taxpayers in their handling of foreclosures on homes purchased with government-backed loans.
Memo to Tea Party: The major political battle during the American Revolution was over the proper uses of money and credit. Not getting government out of the economy.
Developers wanting tax breaks had to ensure that workers in the taxpayer-subsidized hotels, supermarkets, or office buildings were paid the industry-standard prevailing wage.
While any petty shoplifter or check-bouncer would have to face the prospect of jail time, Countrywide CEO Mozilo thus far has managed to escape criminal charges.
The Treasury Dept.'s mortgage relief program isn't just failing, it's actively funneling money from homeowners to bankers, and Treasury likes it that way.
If the Senate Democratic Leadership can resist the snake oil of a bipartisan deal, the bill will probably get stronger as it works its way through Congress.
Zach Carter, Simon Johnson, AlterNet. April 17, 2010.
The progressive economist talks about the fight to reform Wall Street, what Robert Rubin should do with his money, and why Jamie Dimon is the most dangerous man in America.
