But even if SEC officials manage to dodge criminal charges, it won't change what happened: The nation's top financial police destroyed more than a decade's worth of intelligence they had gathered on some of Wall Street's most egregious offenders.
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Sen. Bernie Sanders: A Real Jaw Dropper at the Federal Reserve - 0 views
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At a Senate Budget Committee hearing in 2009, I asked Fed Chairman Ben Bernanke to tell the American people the names of the financial institutions that received an unprecedented backdoor bailout from the Federal Reserve, how much they received, and the exact terms of this assistance. He refused. A year and a half later, as a result of an amendment that I was able to include in the Wall Street reform bill, we have begun to lift the veil of secrecy at the Fed, and the American people now have this information.
Op-Ed Columnist - Structure of Excuses - NYTimes.com - 1 views
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"Structural" unemployment is a fake problem, which mainly serves as an excuse for not pursuing real solutions.
YouTube - 'Capitalism: A Love Story' DVD Extra - Harvard Professor Elizabeth Warren - 0 views
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PREORDER THE 'CAPITALISM: A LOVE STORY' DVD: http://tinyurl.com/calsdvd 'Capitalism: A Love Story' DVD Extra - Harvard Professor Elizabeth Warren on How Wall Street Got Away with Murder Extended interview with top TARP cop, Harvard Professor, Elizabeth Warren. Shes sassy and real and tells it
Interview with Economist Nouriel Roubini: 'We Will Have Even More Crises in the Future' - 0 views
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First came the real estate crisis. Then the financial system melted down. And now, skyrocketing public debt is threatening entire countries. Star economist Nouriel Roubini tells SPIEGEL that more crises will come and go before world leaders agree on true reform. He says breaking up huge banks would be a good place to start.
Protesters take to the streets of 100+ European cities | Reflections on a Revolution ROAR - 0 views
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An online call for a European Revolution was heeded en masse today as over 100 cities throughout the continent witnessed tens (if not hundreds) of thousands 'indignants' mobilizing to demand real democracy now.
A Contagion of Bad Ideas - Joseph E. Stiglitz - Project Syndicate - 1 views
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There has been much concern about financial contagion between Europe and America. But the real problem stems from another form of contagion: bad ideas move easily across borders, and misguided economic notions on both sides of the Atlantic have been reinforcing each other.
Is Great Depression II on the Horizon? - Blogcritics Culture - 0 views
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A new study by Northwestern University economists, called The "Jobless and Wageless" Recovery from the Great Recession of 2007-2009," found that the economic recovery is highly uneven: corporate profits captured 88 percent of the growth in real national income while aggregate wages and salaries accounted for only slightly more than one percent. In other words, the average American worker has been left behind by the recovery, which officially began in June 2009. "The economic recovery through 2011 I has failed to create any net new jobs since the quarter marking the end of the recession in 2009 II
Is the SEC Covering Up Wall Street Crimes? | Rolling Stone Politics - 0 views
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But we're equally in the dark about another hypothetical. Forget about what might have been if the SEC had followed up in earnest on all of those lost MUIs. What if even a handful of them had turned into real cases? How many investors might have been saved from crushing losses if Lehman Brothers had been forced to reveal its shady accounting way back in 2002? Might the need for taxpayer bailouts have been lessened had fraud cases against Citigroup and Bank of America been pursued in 2005 and 2007? And would the U.S. government have doubled down on its bailout of AIG if it had known that some of the firm's executives were suspected of insider trading in September 2008?
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Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case. No more Lifetime channel specials where the murderer is unveiled after police stumble upon past intrigues in some old file - "Hey, chief, didja know this guy had two wives die falling down the stairs?" No more burglary sprees cracked when some sharp cop sees the same name pop up in one too many witness statements. This is a different world, one far friendlier to lawbreakers, where even the suspicion of wrongdoing gets wiped from the record.
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