The People vs Wall Street: California’s Public Banking Shakeup

By Glenn Daigon, WhoWhatWhy.org. -

For only the second time in 100 years, a people-powered coalition overcame the stiff opposition of the banking lobby to successfully pass a law that legalizes public banking. Governor Gavin [...]

How A Public Bank Could Free S.F.’s Money From Wall Street

By Ida Mojadad, Sfweekly.com -

Of all the vivid characters in Hustlers, from Jennifer Lopez’s magnetic Ramona to Cardi B portraying her own lived experience, the 2008 financial crash is the one that will be familiar to most [...]

Central Banks Bailing Out Wall Street And Big Finance As Crash Looms

By Nick Beams, Wsws.org -

Two actions by US financial authorities this week indicate that the United States will respond to a looming downturn in the global economy by providing, once again, unlimited amounts of cash to [...]

Just Like The “Money Trust” Before It, Wall Street Is A Threat To Democracy

By Carter Daugherty, Take On Wall Street. -

We don’t speak of the “Money Trust” in the 21st century. But perhaps we should. These two words had a powerful resonance in the early decades of the 20th century as a label for the tiny number [...]

The 1% Rules, The 99% Lets Them!

By Ralph Nader, Nader.org. -

There has never been more access to food – domestic and imported – yet hunger is an ongoing problem everywhere. In the U.S. alone, 16.5 million children go to bed hungry and 20% of community [...]

Wall Street Demands “Discipline” As Protests Continue In Puerto Rico

By Eric Johnson, Wsws.org -

Hours after Puerto Rican Governor Ricardo Rosselló’s early Thursday morning announcement that he will resign on August 2nd, thousands demonstrated in downtown San Juan demanding the resignation [...]

Wall Street Beware: The Public Banking Movement Is Coming For You

By Robert R. Raymond, Truthout.org -

It may not come as a surprise to hear that the majority of Americans don’t trust the banking system in this country. Only 27 percent of those surveyed in a 2016 Gallup poll said they had “a great [...]

Wall Street Beware: The Public Banking Movement Is Coming For You

By Robert R. Raymond, Truthout. -

It may not come as a surprise to hear that the majority of Americans don’t trust the banking system in this country. Only 27 percent of those surveyed in a 2016 Gallup poll said they had “a great [...]

Stock Buybacks Are Deadly

By Luisa Galvao and Porter McConnell, TakeOnWallStreet.com. -

The eighties brought us permed bangs, acid wash jeans, and Gordon Gecko’s “greed is good” mantra. So it’s not surprising that in 1982, among other bad ideas, the Securities and Exchange [...]

Wall Street Mini-Tax Could Raise Maxi Revenue

By Ronald M. Glassman and Gerald E. Scorse, Dissidentvoice.org -

With great fanfare, politicians on the left are thinking big on tax reform: a 70 percent rate on incomes over $10 million, a wealth tax on the super-rich, estate taxes as high as 77 percent. With [...]

Underserved Communities Increasingly Support Public Banking To Rectify Wall Street Abuses

By Staff, Publicbankinginstitute.org -

People from all hues of the political spectrum are recognizing that having local transparent control over the creation of credit through a publicly-owned bank not only saves money, but also gives [...]

In 2019, Wall Street Banks Will Determine The Future Of America

By Pam Martens, Wallstreetonparade.com -

Inevitably, investors get the kind of Wall Street they demand and deserve. That’s a paraphrase of the French philosopher Joseph de Maistre’s view on an engaged or unengaged citizenry: “Every [...]

Wall Street Thrives And Working People Struggle As GOP Tax Cut Turns One

By Max Moran, Inequality.org -

The Tax Cuts and Jobs Act of 2017 — the only major piece of legislation passed by the Trump administration — turns one year old this week. The law’s advocates promised it would create an economic [...]

Comparing Crises: 1929 With 2008 And The Next

By Jack Rasmus, Kyklos Productions. -

It is often said that the initial months of the 2008-09 crash set the US economy on a trajectory of collapse eerily similar to that of 1929-30. Job losses were occurring at a rate of 1 million a [...]

Breaking With Wall Street: L.A. Puts It To The Voters

By Ellen Brown, Ellenbrown.com -

Wall Street owns the country. That was the opening line of a fiery speech by populist leader Mary Ellen Lease in 1890. Franklin Roosevelt said it again in a letter to Colonel House in 1933, [...]