Remember 'too big to fail?' Want to see it again? - Wall Street's sense of entitlement continues. The big banks and brokerages, seeing themselves immune to punishment and abetted by lax regulators, are on the road to another crash.
Carl Icahn: Wall Street Back To Its Old Tricks - "We're going back to the same crap. I really find it amazing that we're almost back to where it was. (There's) just, way to much leverage, way to much risk-taking with other peoples money."
Too Big to Do Time?: Fed Wrist-slap for Wachovia Bank Makes a Farce of the Drug War - The U.S. government won convictions against 23,506 drug traffickers nationwide during 2010, sending 96 percent of the offenders to prison. Yet one of the biggest entities busted by the feds for involvement in drug trafficking last year received just a wrist-slap deal from federal prosecutors with nobody getting prison time; (enter Wachovia Bank).
GOP Cuts Disaster Preparedness Funds By $1.5 Billion - In response to the deadliest spring of climate disasters in decades, House Republicans are slashing billions from disaster preparedness programs, including support for firefighters.
Another Doctor Bought by Big Pharma - Sanofi-Aventis lobbied the FDA to delay the approval of a generic drug that would cut into profits from the company's blockbuster blood-thinner Lovenox, which had $4 billion in global sales in 2009.
How Roger Ailes And Fox News Have Sabotaged the GOP - The case was made long ago that Fox News is a blight on the media map. It is bad for journalism. It is bad for Democracy. It is bad for America. A so-called "news" network that repeatedly misinforms, even deliberately disinforms, its audience is failing any test of public service embodied by an ethical press.
Cornering the Oil Market is Easier Than You Think - All you have to do to corner the market is use a bunch of subsidiaries to buy up about 5 million barrels of crude. I had no idea that manipulation of something the size of the oil market was so easy.
Tax dodgers pocketed $24 Billion Plus - Thousands of companies that collected more than $24 billion in stimulus money from the federal government owe hundreds of millions of dollars in back taxes
The Painful Price of Republican Lies - With their mythmaking and outright lies about the debt, taxes, health care, Iraq and so much else, Republicans are risking the default of the American economic and political systems alike.
Corporations United for Secrecy - These 80+ companies plus the U.S. Chamber of Commerce are on record saying, "American businesspeople should not be forced to limit the exercise of their constitutional rights under a new and oppressive regulatory scheme."
GOP secret strategy: Love Big Oil, hate Medicare - [The GOP] want[s] Americans to pay more for their gasoline, and more for their Medicare, while they want oil companies to keep unfair profits and insurance companies to profit from rip-off premiums.
The Democrats Attack Unions Nationwide - The cover-up of the Democrats' national anti-union agenda is possible because to reveal it for the ruse it is would cause enormous disturbances for the Democratic Party, some labor leaders, liberal organizations and, consequently, the larger political system.
For Our Top 400 Taxpayers, a Near-Record Year - America's super rich, new IRS income data show, partied on right through the depth of the Great Recession. And they shared precious little of their good fortune with Uncle Sam.
Tea Party Rebels Quickly Tamed - Faster than you can say "business as usual," freshman Republicans on the House Financial Services Committee have begun to execute Wall Street's agenda
U.S. Economy Lost Nearly 700,000 Jobs Because Of NAFTA - When the North American Free Trade Agreement was first signed in 1994, proponents said it would eventually create jobs for the U.S. economy. 17 years later the American worker only has hundreds of thousands of job losses to show for it.
Corporations, Federal 'Reform' Keep Shifting Healthcare Costs to Workers - Despite its $14.2 billion in profits last year untouched by federal income taxes, General Electric is now demanding that its unionized workers accept a new high-deductible "Health Choice" health savings account plan.
Why healthcare costs so much in the U.S. - Providers charge more because they can - average medication in US is 118% more expensive than the medication in other countries.
U.S. Corporations Pay $100 Billion in Taxes on Foreign Profits - That's to foreign governments. Maybe they should renounce their "citizenship" to the U.S. and set up house in those foreign countries. I'm sure they offer better benefits such as military protection, infrastructure, etc.
The GOP shield for the healthcare industry - When it comes to holding the medical industry accountable for deaths and injuries caused by medical malpractice, many conservatives switch views suddenly to support sweeping federal interventions in state law.
The Return of the "Nobody Could Have Predicted" President - In the least surprising political development in recent years, the leading lights of the Bush administration fanned out across Americans' TV screens to give their old boss credit for the killing of Osama Bin Laden.
Senate Republicans vow to gut Consumer Financial Protection Bureau - Boy, are Republicans committed to Americans getting screwed by the financial sector, or what? One of the major sources of evil in their world appears to be the idea that regular Americans deserve a degree of consumer protection.
Democrats' plan makes jobs for America - Congressional Democrats Wednesday unveiled the Make It In America plan for the 112th congress. This is a set of specific, detailed, targeted bills that clearly create jobs and restore our economic competitiveness.
No, We Will Never Be Oil Independent - The bottom line is that if we damned the torpedoes and drilled like maniacs in every single oil-bearing formation in the country, it would....barely make a dent.
Senate Republicans Introduce Bill To Abolish The EPA - Senate Republicans have introduced legislation to abolish the Environmental Protection Agency, established 40 years ago by President Richard Nixon to give Americans clean air and water.
Boehner, Camp: Medicare fight isn't over, just postponed - Translation: 'Just as soon as we can take over both Chambers of Congress and the White House, we'll ram it through just like we did with the Medicare prescription plan in 2003, and we won't care what the public wants!
Our chronic cronyism - and corruption - America's top bankers and CEOs don't have any more talent than millions of other Americans. They do have, two timely new data dumps remind us, plenty of generous friends in pivotal places.
Congressional Republicans: No accountability, all credit - After two years of insisting that Bush's responsibility for all things ended the day President Obama was sworn in, now they are pushing the meme that the retired president had a role in an operation that began more than a year after he departed the White House. This is their "none of the accountability, all the credit" messaging strategy.
The new war on voting rights - The new [state Republican] voting bills share some important features: They all work to restrict the franchise and shrink the electorate -- in most cases, in ways that would decrease Democratic votes.
CONFIRMED: Right-Wingers Mostly Wrong - The most interesting conclusion of the [study] is the confirmation that liberals are accurate more often than conservatives.
Paul Ryan vs. the Truth - There's a lot of annoying mendacity in Paul Ryan's budget proposal, but the most annoying by far is his repeated insistence that under his plan seniors would get "the same kind of health-care program that members of Congress enjoy."
'Free Money' About to Cause Big Problem: Welch - I got news for you Jack Welch - never mind - you already know this, but many don't: Free money from taxpayers has already caused the mother lode of problems.
How the press aids and abets the GOP attack on the middle class - The media pay excessive attention and give excessive credibility to the constant drumbeat of propaganda on the budget and debt streaming from those who have the most to lose if the middle class tries to get back some of what has been taken from it.
Financial crisis? What financial crisis? - Having succeeded in beating back the more radical ideas for limiting its size, its pay and its speculative excess, the financial services industry is now waging a campaign to undermine what is left of the reform process.
SEALs Mission: Kill, Not Capture - President Bush once said he wanted Osama bin Laden "Dead or Alive," but President Obama was apparently only interested in the former category.
Study: Rich People Don't Run From High-Tax States - Rich people are not flooding out of states that raise their taxes. Just another example of "untruths (lies) becoming fact before it can be undone".
