Working Life

   The Wall Street Journal has an illiuminating piece about Jamie Dimon, the CEO of J.P. Morgan, today. It is both astounding and revealing because it shows exactly what we, the people, are up against when it comes to taking back the country from the people who gambled away–for their own enrichment and/or because of […]

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The lines are clear: it’s the people versus the banks and Wall Street. While both the House and Senate bills do not go far enough and have already been, in my view, watered down, there is one issue that we can still fight hard on–and have the back of the president: an independent Consumer Financial […]

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   Is anybody shocked by this?: For months, Wall Street banks and the troubled automakers feverishly protested that their top executives would flee if they were not lavishly rewarded for their talents. New data, however, suggests the departures were more of a trickle than a flood. Of the 104 senior executives whose pay was set […]

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I have been dismayed at the willingness to let the Wall Street executives off the hook–allowing them to walk free, continue to collect bonuses and salaries and even give them jobs in government after they conducted what was perhaps the biggest fraud in financial history. We cannot let them escape justice. And, based on the […]

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Yesterday, I raised my concerns about the Senate’s proposal to hand more power to the Federal Reserve Board and give the Fed the role of protecting consumers. Honestly, I thought it was a cruel joke and a perfect example of the Washington insiders protecting the interests of Wall Street. Barney Frank agrees.   Here is […]

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   In one day, you can read how the powerful economic interests have defeated the public interest. Start with the  theatrics of the health care "summit"–an event that only underscores how the insurance industry has defeated the people. Already anticipating failure, the president wants to roll back health reform even further: President Barack Obama will […]

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   Some people are not suffering (via The Wall Street Journal): As financial firms rebounded last year, Wall Street bonuses for employees in the New York City securities industry rose almost 17% to $20.3 billion in 2009, according to a report released Tuesday by the New York State comptroller.  

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    I understand why many people do not expect much from most of the traditional media–particularly The New York Times. People don’t get the sense that the traditional media can get out of its own insular thinking to do hard, independent reporting about the facts.    The newest drumbeat being pushed by the traditional media […]

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Wall Street loves a disaster. The more chaos, the better–because, no matter what happens to regular people, chaos can mean lots of profits. That is why the deep reform we need in the way the financial world works is so important–and why Wall Street is fighting so hard to stop it.   This past Friday, […]

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We are angry, rightly so, about the obscene bonuses and pay given to bankers and the financial mandarins who destroyed the economy. Part of the problem is that the political dialogue–parroted by the traditional media and the political leaders who are bought and paid for by the financial industry– never questions a basic premise: that […]

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