Preet Bharara’s explanation for his failure to prosecute banksters is unconvincing. The plain fact is that he doesn’t really think anyone did anything wrong. How could they? They are the Masters of the Universe!

The NCUA sues JPMorgan Chase for non-disclosure in offering materials for real estate mortgage-backed securities. Too bad Preet Bharara hears no evil, sees no evil, tastes no evil, smells no evil, and touches no evil, meaning that he has nothing to say about securities violations that don’t affect hedge funds.

With unemployment still high and job growth anemic, finding jobs for Americans should be the top priority of our elected officials. To deal with this serious crisis, I propose the creation of a National Cooperative Administration to encourage the creation of worker-owned businesses.

The Cooperative Commonwealth Federation was a political party in Canada that formed during the Great Depression. Most of its support came from the rural cooperative movement among farmers. Cooperative members made up a large part of its voters, and many of its leaders had held elected posts in cooperatives. Organized labor was another important part of its base of support. So, when the CCF took control of the provincial government of Saskatchewan in 1944, it passed legislation to increase the power and membership of the organization that made up its base of support.