Wall Street

How Obama Can Smoke Out Mitt: Call for Breaking Up the Biggest Banks, and Resurrecting Glass-Steagall

How Obama Can Smoke Out Mitt: Call for Breaking Up the Biggest Banks, and Resurrecting Glass-Steagall

October 19, 2012 7:00 pm
by Robert Reich President Obama should propose that the nation’s biggest banks be broken up and their size capped, and that the Glass-Steagall Act be resurrected. It’s...

Posts Tagged ‘Wall Street’

What Do Abused Dogs and Laid-Off Workers Have in Common?

In fairness to Mitt Romney, on the matter of his poor dog riding atop his deluxe car on a long drive, Romney suggests his dog enjoys this. Even assuming this is true, what does it tell us that on the trip in question the poor dog became ill, and Romney cleaned him up, put him back [...]

Most Important Economic Speech of Obama’s Presidency

The President’s speech last Tuesday in Osawatomie, Kansas — where Teddy Roosevelt gave his “New Nationalism” speech in 1910 — is the most important economic speech of his presidency in terms of connecting the dots, laying out the reasons behind our economic and political crises, and asserting a willingness to take on the powerful and [...]

The First Amendment Upside Down. Why We Must Occupy Democracy

You’ve been seeing this across the country … Americans assaulted, clubbed, dragged, pepper-sprayed … Why? For exercising their right to free speech and assembly — protesting the increasing concentration of income, wealth, and political power at the top. And what’s Washington’s response? Nothing. In fact, Congress’s so-called “supercommittee” just disbanded because Republicans refuse to raise [...]

The Monday Line: We Don’t Need Empty Promises, More Attack Adverts or Talking Heads

We need courageous leaders and we’re far from getting them because the political system is dysfunctional and, perhaps, broken beyond repair. It is so serious that a vast majority of voters have thrown their hands up in hopelessness that anything can be done to change the vitriolic nature of Washington or Westminster. Having seen the [...]

Wall Street is Still Out of Control: Why Obama Should Call for Glass-Steagall and a Breakup of Big Banks

Next week President Obama travels to Wall Street where he’ll demand – in light of the Street’s continuing antics since the bailout, as well as its role in watering-down the Volcker rule – that the Glass-Steagall Act be resurrected and big banks be broken up. I’m kidding. But it would be a smart move — [...]

I Will Stand with Occupy Wall Street

We are the 99 percent of Americans in a blessed land that belongs to us all, and is not a property to be owned by the few who enrich themselves at the expense of the many. With Bank of America the latest bank to grind its heels on the necks of patriots who paid for its bailout, [...]