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Category Archive for '#OccupyWallStreet'

But of course, he also wants to get rid of Fannie Mae and Freddie Mac: Former Texas Governor Rick Perry is taking a position to Hillary Clinton’s left on financial reform, and pushing for a policy to break up big banks staunchly advocated by Sen. Elizabeth Warren (D-Mass.). The GOP presidential candidate laid out his […]

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This is interesting: A federal judge on Monday rejected Citizens United’s effort to block New York Attorney General Eric Schneiderman from demanding that the conservative group disclose more information about its major donors. U.S. District Judge Sidney Stein in Manhattan refused to impose a preliminary injunction that would stop Schneiderman from requiring charities to disclose […]

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This doesn’t even make sense, does it? So Hillary Clinton took money from banks for speeches, and the Clinton Foundation took money from some misbehaving banks, and suddenly the fact that they weren’t prosecuted is her fault? What am I missing? I thought she was Secretary of State, not the Attorney General. If the author […]

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The Nation’s Michelle Goldberg on Hillary Clinton’s economic plans: The obvious progressive rejoinder to this is that Hillary—negotiator of the Trans-Pacific Partnership, onetime member of Walmart’s board—is simply saying what she feels she needs to in order to get elected. To which I’d say: exactly! Clinton is a politician who believes in expediency and pragmatism, […]

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He’s really trying to get traction, and he’s saying the right things: “I know that many of you have tried to dismiss and undermine my calls for stronger reforms as ‘anti-capitalist.’ Let me be clear- the ongoing reckless behavior of your megabanks isn’t capitalism—it’s the antithesis of it,” O’Malley wrote. “True capitalism requires a level […]

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Democratic presidential candidate Martin O’Malley wrote an op-ed this week for TIME magazine, and this part caught my attention: The cornerstone of American strength in the world is economic strength at home. Maintaining our security in the long run will require an economy that works for all Americans. No fighter jet or troop battalion will […]

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It’s crazy, how the corporate media treats this like it’s perfectly normal. (Read David Dayen’s take, too.) Democracy Now: JUAN GONZÁLEZ: We turn now to the latest sign of the revolving door between Wall Street and Washington. Recently retired U.S. Attorney General Eric Holder is returning home—to the corporate law firm Covington & Burling, where […]

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They absolutely need this if they want to avoid being raped and pillaged by the bankers: IOWA CITY, Iowa (Reuters) – U.S. Democratic presidential hopeful Hillary Clinton on Tuesday joined calls for changes in U.S. bankruptcy laws that would enable Puerto Rico’s public entities to restructure some $72 billion in debt. In Washington, two Democratic […]

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Sure would be nice if they could pass this: Sens. Elizabeth Warren (D-Mass.) and John McCain (R-Ariz.) are reintroducing legislation to revive the Glass-Steagall Act, which would force big banks to split their investment and commercial banking practices. Glass-Steagall was first passed in 1933 but repealed during the Clinton administration, leading many progressives to argue […]

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Remember, the U.S. really wants this negotiated, because China and Russia are waiting with bailout funds if Greece leaves the EU — and they really don’t want that. So the battle continues. Ian Welsh: So: the ECB has both decided not to extend any more money to Greek banks AND appears to have increased the […]

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