Weekly Audit: Radical Inequality Fueled the Wall Street Meltdown
Now that Treasury Secretary Timothy Geithner isn’t going to impose pay restrictions on bailed out Wall Street executives, it’s critical to remember that severe economic inequality was a major factor in...
View ArticleWeekly Audit: Unions and Wage Growth Can Fuel Recovery
by Zach Carter, TMC MediaWire blogger The U.S. economy is in big trouble right now, and the reform process may be missing a key point. When banks ran into severe trouble late last year, the government...
View ArticleWeekly Audit: Four More Years of Bailout Ben
By Zach Carter, TMC MediaWire Blogger After Ben Bernanke allowed an $8 trillion housing bubble to ravage the global economy and nearly destroy the U.S. financial system, President Barack Obama has...
View ArticleWeekly Audit: Unemployment Fueling Political Storm
By Zach Carter, Media Consortium Blogger Unemployment figures in the U.S. are staggering: The official rate stands at 10.2%, the highest in 26 years. A broader measure that includes people who are...
View ArticleWeekly Audit: Time to Audit the Fed
By Zach Carter, Media Consortium Blogger Two key lawmakers on the House Financial Services Committee, Reps. Alan Grayson (D-FL) and Ron Paul (R-TX), are pushing to authorize a full, comprehensive audit...
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Weekly Audit: Will Weak Reforms Bring on Another Crisis?
By Zach Carter, Media Consortium blogger Senate Banking Committee Chairman Chris Dodd (D-CT) unveiled his latest financial reform proposal on Monday, and the stakes for the new legislation couldn’t be...
View ArticleWeekly Audit: Congress to take up financial reform, but will it be strong...
by Zach Carter, Media Consortium blogger Next week, the debate over financial reform will begin in earnest when Congress returns from its Easter break. Both political parties are gearing up for a major...
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Weekly Audit: Deficit Reduction = Selling Out to Wall Street
by Zach Carter, Media Consortium blogger In the fall of 2008, decades of finance-first, bankers-know-best economic policies coalesced to create one of the worst economic crises in history, one that...
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Weekly Audit: Foreclosure Mills, Social Security and the Fed’s Failures
by Amanda Anderson, Media Consortium blogger Editor’s Note: Zach Carter is out this week, but we’ve compiled a rundown of the biggest economy-related stories, including the rise of foreclosure mills...
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Weekly Audit: Banks Get Big Bucks, Consumers Get Bupkis
by Lindsay Beyerstein, Media Consortium blogger Last week, the Federal Reserve announced a plan to buy an additional $600 billion worth of Treasury bonds in an attempt to stimulate the economy. On...
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