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Elizabeth Warren heckled by teabagger

Story here.


Thursday, Nov 3 | Double Header

8 pm eastern |5 pm pacific |Virtually Speaking A-Z: This week in liberalism.  | Stuart Zechman and Jay Ackroyd| In the search for meaningful ways to express Movement liberalism as a registered Democrat, Stuart reports back from ‘Downtown (NYC) Independent Democrats.’ Listen live on BTR. Beginning midnight Friday, listen here.

9 pm eastern | 6 pm pacific |Virtually Speaking with Jay Ackroyd Jay talks with the Center for Economic and Policy Research‘s Dean Baker, author of The End of Loser Liberalism: Making Markets ProgressiveTaking Economics Seriously,False Profits: Recovering from the Bubble Economy, Plunder and Blunder: The Rise and Fall of the Bubble Economy, The United States Since 1980, The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer,Social Security: The Phony Crisis (with Mark Weisbrot), and The Benefits of Full Employment (with Jared Bernstein). He was the editor of Getting Prices Right: The Debate Over the Consumer Price Index. Follow @ceprdc Listen live and later on BTR.

In Mammon we trust

Instead of addressing the jobs crisis, the despicable corporate whore Eric Cantor — that’s as politely as I can describe him — has helped push through a resolution that reaffirms ‘In God We Trust’ as the official motto of the United States.

One step forward, two steps back

Inroads were made against poverty in the 1990s, but then the great slide backward began. In fact, the number of people living in “areas of concentrated poverty” — formerly known as ghettos — rose at an alarming rate between 2000 and 2009.

A pretty classic example

Of how Congress critters pass legislation that appears to be addressing a serious problem — without actually doing anything to solve it that might piss off major contributors.

But hey, what’s a little toxic coal ash in the back yard where your kids play?

Thought it was a nightmare…

Naomi Wolf on the police offensive against the Occupy Wall Street movement.

Matt Taibbi explains, in his inimitable way, how the sneaky bastards at the Fed will continue to put taxpayers on the hook for bad bets made by gambling degenerates in the banking world:

The government’s patronage of the bank was never clearer than in recent weeks, when B of A quietly decided to move trillions of dollars (trillions, not billions) in risky Merrill Lynch derivatives contracts off Merrill’s books and onto the books of the parent/retail arm, Bank of America.

This decision was done at the behest of counterparties to those transactions, who wanted those contracts placed under the aegis of Bank of America, whose deposits are insured by the FDIC. The move was made, according to reports, so that Bank of America could avoid posting $3.3 billion in collateral to satisfy the company’s creditors. In other words, Bank of America just got You the Taxpayer to co-sign as much as $53 trillion worth of dicey derivative contracts.

More here.

Take this bailout and shove it

Robert Reich’s advice to the Greek government regarding austerity measures Europe and the IMF are demanding for bailing out big European banks that loaned Greece all that money.

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