Nothing better illustrates the core critique of the Occupy Wall Street movement against the financial sector’s dominance of our political institutions than the spectacle of high-profile Democrats, like former Pennsylvania governor Ed Rendell and Newark Mayor Cory Booker, fretting over the “tone” of the Obama campaign’s advertisements targeting Mitt Romney’s days as a vulture...
“It makes me ill how callously people still talk about ripping off clients,” the Goldman Sachs whistleblower, Greg Smith, wrote in his March 14th public resignation letter. The 33-year-old executive who quit the company’s London office where he ran its derivatives shop reinforces the public perception of Goldman Sachs less as a venerable Wall...
The Wall Street “veteran” Leon Cooperman has written an “Open Letter to President Obama” that provides us with a glimpse into the mindset of our 21st century corporate overlords. He’s upset not with President Obama’s Treasury Department or his Securities and Exchange Commission, or even his Department of Justice or the IRS. No, what’s...
The mainstream press has been predictably abysmal in its coverage of the Occupy Wall Street protests. Andrew Ross Sorkin, one of the “money honeys” over at the New York Times, looks at the demonstrators as anthropological curiosities, as if they’re from a remote tribe in Papua New Guinea. The Times’ Ginia Bellafante calls the...
Largely lost in the media din in the closing 48 hours of the debt ceiling “debate” was the fact that the Chamber of Commerce and Wall Street high rollers were urging their servants in Congress not to throw the nation into default because it was going to hurt their bottom lines. The last minute...
On April 13th California State University students and faculty are organizing demonstrations at all 23 CSU campuses across the state to protest the latest wave of brutal budget cuts. CSU students, faculty and staff, alumni and their families have a special obligation to make their voices heard in supporting pragmatic solutions to the state’s...