The year 2020 has caused many white people to realize we live in a racist system. The Green New Deal is about systemic change for all, and deconstructing racism must be front and central in this agenda.
derivatives market
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Crimes Were Committed—Before, during and after the crisis, Financial Felonies abounded
Here's Why No One Went to Jail After the 2008 Financial Crisis. To many people, this is the single most frustrating post-crisis question.
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The Crisis Next Time: Public Ownership As an Alternative to Corporate Bank Bailouts
The FIRE sector (finance, insurance and real estate) in the current corporate capitalist economy is dysfunctional and downright dangerous to the welfare of society. It's time for public ownership.
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Dark Matter: Too-Big-To-Fail Hibernates in Opaque Derivatives Markets
Much of the "over-the-counter" derivatives market remains outside the radar of regulators, who are supposed to monitor the risks it poses.
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How Redistribution to the Rich Has Furthered Poverty and Crushed the Middle Class
Because of the housing crisis and recession, the median family net worth dropped 40 percent between 2007 and 2010, while the richest Americans regained all their losses and began an even steeper climb to the top.
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Armageddon On Wall Street: The Looming Mass Destruction from Derivatives
The shadow banking system is propped up by a hidden government guarantee known as safe harbor status, pushed through by Wall Street, which has created perverse incentives for the financial system to self-destruct.
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Making the World Safe for Banksters: Syria in the Cross-Hairs
Syria provides free education, free medical care and subsidized housing for everyone. But even more threateningly to Wall Street-style finance, it has state-owned central banks that issue national currency and are under government control.
