Biden cared more about the appearance of having an independent DOJ untainted by politics than he did about holding an unrepentant criminal ex-president accountable.
Federal Reserve
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Fed Up with the Fed: Stiglitz Says Reserve Must Worry About Inequality, Not Inflation
The argument for raising interest rates focuses not on the wellbeing of workers, but that of the financiers.
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Here's How You Turn America's Low Deficit Into An Infrastructure Boom
Liberals are celebrating the news that the federal deficit is $59 billion lower this year than last year and defending Obama's record in the process – but making an argument for decreased public investment is doing conservatives’ work for them.
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When Too Big To Fail Fails: The Scheme To Seize Depositors' Money
Unprosecuted, unreformed, unregulated and unrepentant, Wall Street parties on – and the money we thought was our own, protected in our checking and savings accounts, could be taken in an instant.
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Ticket to Insolvency: The Fed's Bizarre New Rules to Asset-Strip Local Government
The latest misguided move by regulators could result in serious collateral damage to cities – maybe serious enough to finally propel them into bankruptcy.
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Even the Council on Foreign Relations Says It's Time to Rain Money on Main Street
When an article appears in Foreign Affairs recommending that the Federal Reserve do a money drop directly on the 99%, you know the central bank must be down to its last bullet.
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Why Banking at the Post Office Beats Payday Loans – and Wall Street
The USPS used to offer financial services – and proponents say that bringing them back could buffer us from financial meltdowns and alleviate poverty.
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Federal Reserve Targets Asset Bubbles In Warning to Wall Street – But Is It Listening?
Recent statements by Fed Chairwoman Janet Yellen – who said that certain markets, like biotech and social media, are overvalued – mark a potential revolution in how central banks worldwide could act.
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Parasite #1: The Shadow Banking System
Despite the 828-page Dodd-Frank Act, the derivatives pyramid has continued to explode to a value now estimated to be as high as $2 quadrillion.
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Buying Up the Planet: Out-of-Control Central Banks Are On a Corporate Spending Spree
As a way of compensating for loss of bond income due to record-low interest rates, central banks have become some of the world’s largest stock investors – a rather alarming development.
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How Soon Will American Populism Reclaim Democracy From the Oligarchs?
We know that the rich and big corporations now dominate the political process to an extreme worthy of an oligarchy – and we know that the only counter to organized money is mobilized people.
