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Tag: Deregulation

Wells Fargo Directors Face Wrath for Complicity in Bank Corruption


Protesters on Tuesday registered their displeasure with the megabank’s leadership at the Florida site of Wells Fargo’s annual shareholder meeting.

Posted on Apr 25, 2017 READ MORE
Square, Category Page

Trump Will Continue to Scam the White Working Class. Here’s How to Stop Him.


Progressives need to sharpen their understanding of why blue-collar Americans voted a billionaire into the White House and find a way to connect with them.

Posted on Feb 16, 2017 READ MORE

Republicans Launch Bicameral Salvos Against Wall Street Watchdog


Legislation introduced by Sen. Ted Cruz and Rep. John Ratcliffe would kill the Consumer Financial Protection Bureau.

Posted on Feb 15, 2017 READ MORE

Suit Filed to Halt Trump’s Pro-Corporate Deregulation Scheme


A coalition of progressive groups tries to block the president’s order to roll back two regulations for every new one implemented.

Posted on Feb 8, 2017 READ MORE

Billionaire Carl Icahn Will Lead Trump’s ‘Deregulatory Charge,’ Consumer Advocate Says


Robert Weissman, president of the group Public Citizen, declares that Icahn “epitomizes predatory corporate capitalism.”

Posted on Dec 22, 2016 READ MORE

Trump’s Pick for Labor Secretary Wrote a Deregulatory Manifesto


Andrew Puzder’s co-author said, “He’ll put in place everything we laid out in the book.”

Posted on Dec 19, 2016 READ MORE

What’s Yours Is Mine


The Sharing Economy, epitomized by companies such as Uber and Airbnb, “is a movement for deregulation,” Tom Slee writes. “It’s not about building an alternative to a corporate-driven market economy; it’s about extending the deregulated free market into new areas of our lives.”

Posted on May 2, 2016 READ MORE

Iceland Sentences Bankers to a Combined 74 Years in Prison


Iceland has sentenced its 26th banker to prison for the official’s role in the 2008 financial collapse.

Posted on Oct 23, 2015 READ MORE

Clinton’s Advisory Team Pressed for Wall Street Deregulation, Documents Show


New documents reveal the back story of how Wall Street deregulation was pushed by the advisers of President Clinton.

Posted on Apr 21, 2014 READ MORE

‘We Do Not Drink It. My Pets Do Not Drink It’


More than a month after a chemical spill poisoned West Virginians’ drinking water, officials still know virtually nothing about the toxicity of the contaminant MCHM or its effect on humans.

Posted on Feb 16, 2014 READ MORE

Deregulated Texas









Posted on Nov 21, 2013 ENLARGE

The Insider’s Economic Dictionary: D Is for Debt


*Sally M* (CC BY-SA 2.0)

Dependency: the loss of choice. Establishing a world system based on foreign dependency is the aim of the Washington Consensus.

Posted on Sep 15, 2013 READ MORE

Making the World Safe for Banksters: Syria in the Cross Hairs


stevendepolo (CC BY 2.0)

Iraq and Libya have been taken out, and Iran has been heavily boycotted. Syria is now in the cross-hairs. Why? Here is one overlooked scenario.

Posted on Sep 5, 2013 READ MORE

Happy Fourth









Posted on Jul 4, 2013 ENLARGE

How Dick Cheney’s Son-in-Law Helped Deregulate Chemical Plants

MSNBC host Chris Hayes explained on his program Thursday how the Bush administration—and specifically the former vice president’s son-in-law—played a critical role in defeating regulations that would have strengthened federal oversight of chemical plants like the one that exploded and killed 15 people in West, Texas, last week.

Posted on Apr 26, 2013 WATCH & LISTEN

Bird Is Not the Word in New USDA Rules


USDAgov (CC BY 2.0)

The Obama administration is set to dramatically reduce the USDA’s oversight of the nation’s poultry slaughterhouses while allowing companies to speed up their kill lines.

Posted on Apr 25, 2013 READ MORE

It Wasn’t David Stockman Who Wrecked the Economy


AP

For all of the strident attacks on Stockman’s column, I have yet to read a serious critique of his most brazen claim.

Posted on Apr 2, 2013 READ MORE

The Inconvenient Truth About Jack Lew


White House/Pete Souza

I suppose that he can’t be much worse than Timothy Geithner, but that should be scant cause for cheer over the news that the president has nominated Jack Lew as Treasury secretary.

Posted on Jan 11, 2013 READ MORE

Crony Capitalism’s Power Couple


AP/Michael S. Green

Where are Phil and Wendy Gramm hiding now that UBS, like Enron before it, has been nailed by the G-men?

Posted on Dec 21, 2012 READ MORE

A Sign That Obama Will Repeat Economic Mistakes


AP/Mark Lennihan

Reports in the business press tout a prime participant in the great banking hustle as a possible candidate to be the next Treasury secretary.

Posted on Dec 7, 2012 READ MORE

The Great Deregulator


AP/Charles Dharapak

Bill Clinton bears as much responsibility as any politician for the worst economic crisis since the Great Depression, and the wild applause for his disingenuous speech at the Democratic National Convention last week is a sure sign of the poverty of what passes for progressive politics.

Posted on Sep 10, 2012 READ MORE

Why the Senate Won’t Touch Jamie Dimon


DonkeyHotey (CC BY-SA 2.0)

JPMorgan Chase is the biggest campaign donor to many of the members of the Senate Banking Committee who were charged with investigating the bank’s CEO, Jamie Dimon, in mid June.

Posted on Jun 21, 2012 READ MORE

The Care and Feeding of a Corporate Propagandist


ssoosay (CC BY 2.0)

Over the last decade, New Yorker columnist Malcolm Gladwell has managed to metamorphose from a trained shill for Big Tobacco, Big Pharma and the deregulatory movement into an intellectual darling of mainstream “liberal” America. How did he do it?

Posted on Jun 21, 2012 READ MORE

Deregulation









Posted on May 16, 2012 ENLARGE

For He’s a Jolly Good Scoundrel


AP/Dima Gavrysh

The men most responsible for the collapse of the American dream are heaped with honors at the highest levels of society.

Posted on Apr 18, 2012 READ MORE

Proposed Rules: You Lose, Poultry Industry Wins


Farm Sanctuary (CC-BY)

And you thought pink slime was bad: The Obama administration is proposing to fire USDA inspectors and let the poultry industry inspect its own slaughterhouse lines—while simultaneously speeding up the kill line.

Posted on Apr 5, 2012 READ MORE

The Democrats Who Unleashed Wall Street and Got Away With It


AP / Pablo Martinez Monsivais

That Lawrence Summers and Bill Clinton, the president he served as treasury secretary, can still get away with disclaiming responsibility for our financial meltdown is an insult to reason.

Posted on Feb 2, 2012 READ MORE

Obama’s New Chief of Staff Hails From Wall Street


AP / NBC News / William B. Plowman

Jack Lew is a liberal who worked for Speaker Tip O’Neill and studied under beloved progressive Sen. Paul Wellstone, but he was also the chief operating officer of a Citigroup unit and doesn’t fault deregulation for the shoddy economy. (more)

Posted on Jan 9, 2012 READ MORE

Let Them Eat Keller


AP / Andrew Burton

Funny, he doesn’t look like Marie Antoinette. But when former New York Times Executive Editor Bill Keller asks his readers if they are “bored by the soggy sleep-ins and warmed-over anarchism of Occupy Wall Street,” it displays the arrogance of disoriented royal privilege.

Posted on Oct 20, 2011 READ MORE

High Food Prices Drive Unrest, Study Says


Flickr / lucianvenutian

An old argument says that full or empty bellies lead to contentment or revolt. Recent research supports that claim, showing that spikes in global food prices have coincided with the surge of social unrest and political instability seen recently in North Africa and the Middle East. (more)

Posted on Aug 22, 2011 READ MORE

Obama Pulls a Clinton


AP / Charles Dharapak

Here we go again. When Bill Clinton suffered an electoral reversal after his first two years in office, he abruptly embraced the corporate money guys who had financed his congressional opposition in an effort to purchase a second term.

Posted on Jan 19, 2011 READ MORE

Big Thumbs Up for Scheer’s ‘Stickup’


We here at Truthdig know that our own Robert Scheer really wishes that he didn’t have to write his latest book “The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street,” but ... (continued)

Posted on Oct 20, 2010 READ MORE

Blame Clinton, Not Paul

Clinton
AP / Jessica Hill

What is so great about our bloated federal government that when a libertarian threatens to become a senator, otherwise rational and mostly liberal pundits start frothing at the mouth? What Rand Paul thinks about the Civil Rights Act, passed 46 years ago, hardly seems the most pressing issue of social justice before us.

Posted on May 25, 2010 READ MORE

And Nothing But the Truth









Posted on May 2, 2010 ENLARGE

Greenspan Defends the Fed to Meltdown Commission

Greenspan
AP / J. Scott Applewhite

Former Fed chief Alan Greenspan faced the proverbial firing squad, or in this case the congressionally appointed Financial Crisis Inquiry Commission, to answer questions Wednesday about his leadership choices at the Fed with regard to some key factors that triggered the financial implosion in 2008.

Posted on Apr 7, 2010 READ MORE

McCain Gets It, Obama Doesn’t

Obama and McCain
AP / Haraz N. Ghanbari

Maybe I got it wrong. During the presidential campaign I wrote columns blasting Sen. John McCain for siding with the big bankers on deregulation, citing his choosing ex-Sen. Phil Gramm, currently a vice chairman of the Swiss-owned banking giant UBS, as his presidential campaign chair.

Posted on Jan 6, 2010 READ MORE

Wall Street’s Fat Cats Are Still in Charge

Wall Street CEOs
AP / J. Scott Applewhite

Most Americans now know that Wall Street bankers are so greedy as to never be trusted, and I suppose it is a sign of progress that our president finally seems to grasp the obvious.

Posted on Dec 15, 2009 READ MORE

UBS Money Laundering: What Did Phil Gramm Know?

Gramm
AP / Dean Cox

In recent days yet another wealthy private customer of the Swiss-based banking conglomerate UBS admitted to criminal fraud in a growing parade of perp walks that could extend into the thousands. It is a case that threatens to ensnare former Sen. Phil Gramm, the Texas Republican who is vice chairman of UBS’ investment banking business.

Posted on Aug 18, 2009 READ MORE

Robin-Hood Republicanism?

Only months after the 2008 primaries, most Americans probably don’t remember Mike Huckabee or Ron Paul. But that doesn’t mean the conservative populism they championed during their campaigns is as fleeting as their dark-horse candidacies.

Posted on Feb 26, 2009 READ MORE

Getting Warmer

Obama speech
AP photo / Charles Dharapak

We are lucky to have Barack Obama as president. I write that even though I believe the content of his Tuesday evening speech deserved no more than a B+ / A-, for its failure to seriously address the origins of the banking crisis and for only hinting at the severe military budget cuts required to get close to his goal of reducing the federal deficit by the end of his first term.

Posted on Feb 25, 2009 READ MORE

Good Money After Bad


White House / Paul Morse / Pete Souza

Congressional Republicans, with the exception of that embarrassingly shrunken contingent of three moderates, will rue their legacy of deep indifference at a time of true national emergency, one that makes George W. Bush’s far more costly war on terror now seem an absurdly irrelevant exercise.

Posted on Feb 18, 2009 READ MORE

Allen Barra on the Myth of Ronald Reagan


At last, a revisionist takedown of our 40th president, portrayed as an empty suit too often lauded by the common people he betrayed.

Posted on Feb 13, 2009 READ MORE

A Team of Zombies

Only weeks ago, the political world was buzzing about a “team of rivals,” but instead President Obama has populated his administration with Bush yes-men and Wall Street kleptocrats whose discredited theologies cannot be killed.

Posted on Feb 6, 2009 READ MORE

Economic Policy Could Scuttle Obama’s Good Start

Obama
AP photo / Charles Dharapak

He is making trillion-dollar decisions that will cast the die for the rest of his promising agenda. Unfortunately, while he has already proved to be a brilliant agent of change in so many ways, in economic policy he has relied on the financial “experts” who helped get America into this mess.

Posted on Jan 27, 2009 READ MORE

The Downside of Bipartisanship

Remember this, President Obama: There are few Washington traditions as annoying as the cultish worship of bipartisanship, for it ignores the simple fact that sometimes one party gets things disastrously wrong.

Posted on Jan 22, 2009 READ MORE

Rubin Bows Out of Citigroup

Rubin
treas.gov

Almost a year ago, Citigroup’s then-director Robert Rubin downplayed the enormity of the economic catastrophe headed our way and made a pre-emptive move to shift any potential blame to politicians instead of financial experts such as himself. Fast-forward to the present and the picture changes considerably.

Posted on Jan 9, 2009 READ MORE

Tough Road Ahead for New Economic Appointees

Obama appointees
AP photo / Gerald Herbert

On Thursday, President-elect Barack Obama introduced three top financial appointees who will help him with the unenviable task of revamping the government’s economic regulatory system and “crack[ing] down on this culture of greed and scheming that has led us to this day of reckoning,” as Obama put it.

Posted on Dec 18, 2008 READ MORE

Premature Fretting on the Left

Oh, my: Barack Obama is still more than a month away from assuming the presidency and already there are reports about “the left” being dispirited about change it no longer believes in.

Posted on Dec 11, 2008 READ MORE

Republicans Bring Socialism to America

Bush and Paulson
AP photo / Charles Dharapak

Let the record show that it was George W. Bush, the rich Texas Republican, who brought socialism to America, so don’t blame it on that African-American Chicago Democrat community organizer who made it into the White House.

Posted on Dec 9, 2008 READ MORE

Our Dear Leader

Judging by the proliferation of capital letters in the e-mail correspondence I receive, many seem worried that Barack Obama may not deliver the promised “change we can believe in.”

Posted on Nov 28, 2008 READ MORE

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