They’re all bought and sold: American democracy belongs to the billionaires now

With the lone exception of Bernie Sanders, every candidate is either in bed with Wall Street or super-rich himself Salon.com By Nomi Prins, TomDispatch.com 2/2/16 This piece originally appeared on TomDispatch. Speaking of the need for citizen participation in our national politics in his final State of the Union address, President Obama said, “Our brand of democracy is hard.” A more accurate characterization might have been: “Our brand of democracy is cold hard cash.”  Cash, mountains of it, is increasingly the necessary tool for presidential candidates. Several Powerball jackpots could … Continue reading

“If a bank is too big to fail, it is too big to exist…”

(The two most recent “dropouts” from the presidential campaign are noted here.) Presidential candidate Sanders takes aim at Wall Street, Clinton in speech Reuters.com By Amanda Becker 1/5/16 U.S. Democratic presidential candidate Bernie Sanders warned on Tuesday that financial-sector greed was “destroying the fabric of our nation” and said the starting point of any Wall Street reform effort is breaking up “too big to fail” banks. “If a bank is too big to fail, it is too big to exist; when it comes to Wall Street reform, that must be … Continue reading

Hillary Clinton: How I’d Rein In Wall Street, Financial Sector and “Shadow Banking”

Hillary Clinton: How I’d Rein In Wall Street The New York Times By Hillary Clinton, Op-Ed Contributor 12/7/15 SEVEN years ago, the financial crisis sent our economy into a tailspin. Over five million people lost their homes. Nearly nine million lost their jobs. Nearly $13 trillion in household wealth was wiped out. Under President Obama, our economy has come a long way back. Our businesses have created more than 13 million jobs. People’s savings are being restored. And we have tough new rules on the books, including the Dodd-Frank Act, … Continue reading