Elizabeth Warren Rips Wells Fargo's CEO A New One. Michael Franti | Good to Be Alive Today. Why Doesn't Time Flow Backwards? 13th | Documentary.
Elizabeth Warren's questioning of Wells Fargo CEO John Stumpf at the Senate Banking Committee exposes his refusal to take responsibility for the bank's years-long scam of bank customers.
Sen. Elizabeth Warren relentlessly demands the meaning of being accountable. Have you resigned? Have you returned one nickel? Have you fired a single senior executive?
Unions must expand beyond narrow bargaining to challenge those who hold wealth and power at the highest levels. Most unions are accustomed to bargaining with their direct employers, as they have done for decades. But the financialization of the economy has rendered that structure obsolete. In order to win for workers, unions need to take their demands directly to those who actually have the money and control. They can often be found on Wall Street.
The Council on Foreign Relations is a supercharged, highly connected establishment think tank. While producing reports and staffing varied policy working-groups, its recommendations are invariably market-based. CFR leaders and members pass through the revolving door of the federal government to high positions of authority, no matter which party holds power. The book under review, Wall Street's Think Tank, charts the council's key links to US imperial policy.
Despite North Dakota's collapsing oil market, its state-owned bank continues to report record profits. Farmers were losing their farms to Wall Street bankers. They organized, won an election and passed legislation to create a public bank. The Nonpartisan League's rise to power was fast and had a lasting impact on North Dakota. This article looks at what California, with fifty times North Dakota's population, could do following that state's lead.
Reading Thomas Frank's new book, Listen, Liberal, or What Ever Happened to the Party of the People?, I was reminded of the snapshot that Oxfam offered us early this year: 62 billionaires now have more wealth than the bottom 50% of the global population, while the richest 1% own more than the other 99% combined...In 2010, it took 388 of the super-rich to equal the holdings of that bottom 50%. At this rate...by 2030, just the top 10 billionaires might do the trick. [*]
'Let me be clear: No amount of offensive remarks will stop me from standing up to House Republicans who are bought and paid for by the big banks.'
I knew Friedan and I know she believed the system wasn't just about men and women, either. The author recounts her hours long conversation with Betty Friedan, author of The Feminine Mystique, Labor Day weekend 2005, five months before her death. Betty was thoughtful. Finally, she commented: 'We didn't challenge the system enough.'
The Federal Reserve's newest bank president, a Republican who served as a top Treasury Department official during the financial crisis, called for policy makers to consider breaking up big banks to prevent future government bailouts. His proposals also include: Turning large banks into public utilities; and taxing leverage throughout the financial system. Seven years after the crisis, it is now time to move forward and end TBTF.
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