It’s pretty well known that the near-meltdown of the American financial system and economy in 2008 shocked virtually every Very Serious public player and prognosticator, from Alan Greenspan to Wall Street Journal reporters and editorialists and the Street’s own carnival barkers, like CNBC’s Jim Cramer. But why were they shocked?
|By: Jim Sleeper Saturday February 15, 2014 1:59 pm|
|By: Phoenix Woman Saturday August 17, 2013 6:45 am|
|By: Dean Baker Sunday February 5, 2012 1:59 pm|
Ellen Schultz has given us a fascinating account of the ways in which corporate America has been able to game legal and accounting rules to emasculate the private pension system. It was only a few decades ago that a secure pension was a staple of middle class life. Workers in middle class jobs, whether in offices, construction, or manufacturing expected to have a pension in retirement to supplement their Social Security income. In many cases, the pension would provide the larger portion of their income, with the Social Security benefit being the supplement.
|By: Eli Tuesday March 2, 2010 6:01 pm|
After all, James O’Keefe is facing felony charges for trying to tamper with a Senator’s phones, and his Blockbuster Video Exposé of supposed ACORN wrongdoing is falling apart all around him and his pimp promoter. And yet, Mike Stark is “struck by O’Keefe strutting around CPAC accepting all sorts of accolades and plaudits while he [...]