Why Won’t the GOP Criticize BP?
Flickr/talkradionews First published at MotherJones.com. Elected Democrats haven’t been shy about slamming BP for the horrific oil spill in the Gulf of Mexico. Last month, Senate majority leader Harry Reid emotionally declared on the Senate floor that the oil company’s “greed led to 11 horrific and unnecessary deaths. It has harmed an enormous tourism industry, threatened business at countless fisheries and disrupted life for many along the Gulf Coast. As the... Read More
Glass-Steagall Resurrected?
Cross-posted with Mother Jones Is the Glass-Steagall Act, the Depression-era law that blocked commercial banks from participating in riskier investment banking, set for a revival? That’s what a new piece of legislation, introduced yesterday by Senators Maria Cantwell (D-Wash.) and John McCain (R-Ariz.), would do, forcing major changes to financial titans like JPMorgan Chase, Citigroup, and Bank of America. But first, here’s McCain on the new legislation on CNBC: Reestablishing... Read More
