NewDeal 2.0

Tea Partiers Have a Very Mixed-Up Notion of What the American Revolution Was About

Note: Think the Tea Party has a monopoly on American history and values? Think again. With 'Founding Finance', the Roosevelt Institute's New Deal 2.0 blog reclaims the progressive narrative from the earliest days of the Republic, showing how ordinary Americans bravely stood up to financial elites. Tune in every Monday for author William Hogleand's rousing stories of our forbears who fought for economic prosperity.

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Are We Going to Let the Biggest Financial Fraudsters Keep Their Money and Avoid Jail Time?

The role of the criminal justice system with regard to financial fraud by elite bankers in 2011 is likely to reprise its role last decade — de facto decriminalization. The Galleon investigation of insider trading at hedge funds will take much of the FBI’s and the Department of Justice’s (DOJ) focus.

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Glenn Beck Channels Rage of Self-Indulgent Baby Boomers

A little over a week ago we were treated to Glenn Beck’s quasi-religious extravaganza on the anniversary of Martin Luther King’s “I have a dream” speech. I have had a gnawing sense that there was some greater meaning to this event, despite the absence of any apparent substance in the messages delivered.

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Showdown Against the Greedy Bankers in Chicago

Editor's Note: As David Moberg of In These Times writes, "Just as the showdown over financial reform is heating up in Congress and the media, a coalition of dozens of community organizations, unions, religious groups and other progressive organizations are mobilizing their own “Showdown in Chicago” during the American Bankers Association convention. ... The protest, with thousands expected, follows a week of progress in taming an out-of-control financial system." Sunday saw the kickoff of the protests, described by Rob Johnson below.

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