Nomination Advice for President Obama

By: Friday December 14, 2012 6:35 am

Scene: the Oval Office

PRESIDENT BARACK OBAMA and CHIEF OF STAFF JACK LEW are seated on the sofas facing one another, with a single sheet of paper in front of LEW on the coffee table between them. Neither looks happy.

 

Will Western Democracy End Where It Began?

By: Sunday July 3, 2011 9:30 am

The Aegean – the ancient Greek word for it meant “chief sea” – is, of course, the body of water Agamemnon, Odysseus, Achilles and the other Achaeans crossed in their assault on Troy. Odysseus sailed its waters at the outset of his journey home.

In other words, it was Aegean waves that washed the shores where Western history began. And it’s hard not to think of the ancient sea’s destruction at the hands of greed-soaked cyclopean giants of finance as, at the very least, a symbolic end of that history.

CFTC Corruption: One Judge Accuses Another of Protecting the Banks

By: Friday October 22, 2010 3:00 pm

Administrative Law Judge at the CFTC (Commodity Futures Trading Commission), George Painter, revealed in his retirement letter that a colleague of his, Judge Bruce Levine, has never awarded a case in favor of a plaintiff in 20 years on the bench. He traces this back to a deal Levine made with Wendy Gramm, the former head of the CFTC and the wife of Phil Gramm (R-Enron and UBS). Indeed, the numbers check out, at least for the time period we know about; Judge Levine has never decided in favor of a plaintiff, i.e. never decided in favor of an investor crying mistreatment or fraud by a commodity dealer or major broker in commodity futures and derivatives trading.

FDL Book Salon Welcomes Jared Bernstein: ‘Crunch’

By: Sunday September 21, 2008 2:00 pm

For most of us (John McCain excepted), the collapse of Lehman Brothers, Fannie Mae, Freddie Mac, Bear Stearns, Merrill Lynch, AIG (and others no doubt yet to come), is a clear sign something major has gone wrong with our financial system.

One of the main culprits in this debacle is the deregulation of the financial industry—which happened in large part through the efforts of McCain economic adviser Phil Gramm, who as senator, pushed through legislation allowing institutions to combine commercial banking and investment services.

SUPPORT FIREDOGLAKE
Follow Firedoglake
TODAY’S TOP POSTS
CSM Ads advertisement
Advertisement
Upcoming FDL Book Salons

Saturday, August 30, 2014
2:00 pm Pacific
The Nixon Defense: What He Knew and When He Knew It
Chat with John Dean about his new book.

Sunday, August 31, 2014
2:00 pm Pacific
Imagine: Living In A Socialist USA
Chat with Pau LeBlanc, Debby Smith, and Michael Steven Smith about their new book. Hosted by Deena Stryker

GET UPDATES

Sign up to receive Firedoglake's headlines by email: