AltWeeklies Wire
How Deregulation Led to the Current Bank Collapsenew
In 2000, Sen. Phil Gramm attached a rider to an appropriations bill to deregulate derivatives trading and other complicated financial instruments like collateral debt obligations. This was the effective nail in the coffin for the FDR-era Glass-Steagall Act, which was created to prevent a repeat of the crash of 1929.
Charleston City Paper |
D.A. Smith |
10-09-2008 |
Economy
Crude: How Wall Street is Screwing Americanew
While it is clear that our economy is in deep trouble, there's one part of the puzzle that still lies in a place as murky as the water surrounding the refineries in the Gulf of Mexico: the Wall Street-Oil connection.
Long Island Press |
Jed Morey |
09-25-2008 |
Economy
Save People, Not Bankers
Bailouts go to bankers. Why not help homeowners facing foreclosure instead?
How McCain's Economic Advisor, and Bill Clinton's, Screwed the Economynew
What we're experiencing is not just one of those occasional stock market swoons or interest-rate tangos. What's going on now is a calamity of the sort not seen since the dark days of 1929.
