A Crash Course on the Financial Meltdown — Pecora Part II Begins
Cross-posted from MotherJones.com. The 10 members of the Financial Crisis Inquiry Commission, the modern heir to the famous Pecora Commission convened in the wake of Wall Street’s 1929 crash, kicked off a marathon set of hearings on Wednesday and Thursday by grilling some of Wall Street’s most powerful executives, the regulators supposedly tasked with reining them in, and outside experts who watched the collapse. What they heard amounted to something of a crash course... Read More
The Greatest Swindle Ever Sold
That’s the title of my latest TomDispatch piece. It’s about the U.S. government’s financial bailout, and how that bailout rips off taxpayers by the billions. Here’s a link to the piece. There’s an excerpt from the piece below. Check it out! And while you’re at it, subscribe to TomDispatch’s e-mail alerts too. How can you beat three long-form pieces a week from the likes of Mike Davis, Noam Chomsky, Rebecca Solnit, and much, much more? *** The... Read More
