Too Big to Sue

Too Big to Sue

The range of abuses and crimes committed by banks seems to grow without end. As soon as one predatory practice fades from the headlines, another appears moments later. Remember bank payday loans, a kind of short-term lending with annual interest rates of up to 365...
Striking Gold for Doing Wall Street’s Bidding

Striking Gold for Doing Wall Street’s Bidding

First, Wall Street’s government bailout restored the banksters who wrecked our economy to full prosperity. Now, it’s paying off very handsomely for the bank overseers who orchestrated the bailout. For example, as chairman of the Federal Reserve for eight...
Scrimping on Women’s Pay

Scrimping on Women’s Pay

Republicans in the Senate blocked a vote on the minimum wage earlier this month — no surprise there. Senator Bob Corker of Tennessee was the only Republican who stood aside. But don’t believe the issue is dead. Democrats will make sure that raising the minimum...
Devaluing Work and Workers

Devaluing Work and Workers

The Great Recession leveled a blow to the middle and working classes from which they haven’t yet recovered. Given that labor’s pay and prestige in America peaked in the 1960s, this isn’t exactly new. Still, it’s time that all our leaders took...
The Rigged Housing Market

The Rigged Housing Market

An upscale housing development in Wilton, Connecticut (all of Wilton is upscale) is having no trouble selling its 20 units for $800,000 each. On average, homes in that town now fetch more than $1 million a piece. And real estate experts only rank the region that...