In their groundbreaking new book, The Bankers’ New Clothes, Anat Admati and Martin Hellwig, two of the world’s most prominent and respected academics in finance and economics, expose the lies propagated by those who fight so dramatically to preserve the broken status quo. Argument by argument, scare tactic by scare tactic, they take on the bankers’ arguments and shred them, one by one, exposing them as nothing more than self-serving justifications for preserving a system that serves only the banks, not the general public. And most importantly, they do so in plain English with real world examples that are familiar to anyone who has ever had a bank account, a credit card, or a mortgage. They make the complex simple, and in so doing, reveal that as taxpayers we have been on the wrong side of a decades-long con that has enriched a handful of bankers while the rest of us suffer for their excesses.
|By: Neil Barofsky Saturday April 20, 2013 1:59 pm|
|By: Jon Walker Monday February 25, 2013 9:40 am|
The same basic dynamic that controlled the fight over the Bush tax cut extension deal is currently at play in the sequester fight, except this time the shoe is on the other foot.
|By: Riki Ott Sunday November 25, 2012 1:59 pm|
Recently, while standing in an hour-long U.S. Customs line at Washington Dulles, I pulled out Slow Democracy. Listening to others complain about the untenable situation as we crisscrossed back and forth, I read, holding up the book title for all to see. Finally someone said, “What is that book about?” I delivered a succinct summary, consciously using tools I had just learned to include diversity, to all within earshot. What followed was a splendid example of slow democracy.
People rallied from jetlag, shook off fatigue, spoke over wailing babies, and listened to each other share stories and experiences about an issue close to all our hearts: the democracy crisis in America. I was inspired to see in action the main contentions in Slow Democracy: i.e., people care about democracy and want to bring it back to the local level.
|By: Jane Hamsher Saturday August 13, 2011 11:20 am|
Transpartisan alliances are one of the most powerful organizing tools available to activists today, and perhaps the only one that can force elected officials to become responsive to the will of the people on broadly popular issues. Which is why elite interests manipulate identity politics to castigate those willing to make them as apostates to their respective tribal values (“working with racists…dihmmi”) in order to discredit them and undermine their efforts.
|By: Suzanne Thursday June 30, 2011 10:00 pm|
|By: Jon Walker Wednesday February 23, 2011 3:50 pm|
It is time for people in politics to realize that super majority requirements don’t promote compromise or moderation, they mainly just produce gridlock that prevents any action from taking place, therefore protecting the status quo.
|By: Jon Walker Thursday January 6, 2011 6:00 am|
On Wednesday, the newly elected Republican majority took power in the House of Representatives. As part of the changeover, the House Republicans adopted a new set of rules based on the principle of majority rule by a majority vote. This is effectively the same thing each new House has done for decades. Amazingly, there was no media outrage about the Republicans again choosing to govern this legislative chamber on the basis of majority rule.