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.
Too Big To Fail
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How Wall Street Drove the Oil Drilling Boom – That's Now Imploding
The Street hyped junk bonds, instigated mergers and acquisitions, and leveraged loans or new shares that it pushed into the hands of investors, who were bamboozled into thinking all risk had been removed from the oil equation.
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The Road to Serfdom, Part V
In today's bailout economy, bad bank loans are shifted onto the public balance sheet as wealth is siphoned off to the top of the economic pyramid.
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The U.S. Corporate State Has Become the Monarch Our Founders Despised
Just as King George extracted wealth and resources from the colonies for his own gain in the 18th century, the current U.S. corporate state is extracting wealth and resources from the American people – and at a much greater rate.
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Quantum of Justice: Doug Boggs, the Foreclosure Crisis and the Truth "Right In Front Of Our Eyes"
"When I saw that fraudulent paperwork was being filed in order for Wells Fargo to expedite a foreclosure against our property, I knew then that the courts were failing our society."
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The Road to Serfdom: How Austerity and Bail-ins Will Pummel the 99%
The 2008 financial crisis left political and economic elites with two major problems: how to pay for the bank bailouts in the short term and how to prepare for the next financial collapse.
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Russian Roulette: Will Taxpayers Be on the Hook for Trillions in Oil Derivatives?
The sudden dramatic collapse in the price of oil may result in vast derivative losses – and the FDIC could be liable following the recent repeal of key portions of the Dodd-Frank Act.
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Seattle City Council is Considering Another Groundbreaking Idea: A Public Bank
This city's government knows that the antecedents of democracy are material – the ability to provide services, the ability to absorb the impact of economic shifts, the ability to make citizens feel invested in their communities.
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New G-20 Rules Authorize Global Seizures of Public Deposits and Pensions
Global leaders may not have known what they were endorsing last month – or did they? – when they rubber-stamped a resolution that completely changes the rules of banking.
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Building an Ark: How to Protect Public Revenues from the Next Meltdown
While the too-big-to-fail banks have collectively grown 37% larger since 2008, we are steamrolling toward the greatest financial disaster in world history, and nobody is doing much of anything to stop it.
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Big Banks Fined Mega-Billions; CEOs Remain Above the Law
Get arrested for robbing a bank or shoplifting and you will go to prison. But if you are a CEO of one of the biggest banks in America, the Justice Department will give you a free pass.
