World-News

Why Haven't Any Wall Street Tycoons Been Sent to the Slammer?

Kevin G. Hall, McClatchy Newspapers: "More than a year into the gravest financial crisis since the Great Depression, millions of Americans have seen their home values and retirement savings plunge and their jobs evaporate. What they haven't seen are any Wall Street tycoons forced to swap their multi-million dollar jobs and custom-made suits for dishwashing and prison stripes. There are plenty of civil and class-action lawsuits from aggrieved investors angered by the losses in their mortgage bonds, hedge funds or pensions. Regulators have stepped up their vigilance after the fact. But to date, no captain of finance tied to the crisis has walked the plank."

https://www.truthout.org/092109D?n

 

Obama's Presidency Isn't Too Big to Fail

Robert Scheer, Truthout: "A president has only so much capital to expend, both in tax dollars and public tolerance, and Barack Obama is dangerously overdrawn. He has tried to have it all on three fronts, and his administration is in serious danger of going bankrupt. He has blundered into a deepening quagmire in Afghanistan, has continued the Bush policy of buying off Wall Street hustlers instead of confronting them and is now on the cusp of bargaining away the so-called public option, the reform component of his health care program."

https://www.truthout.org/092109E?n

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The Economy Is A Lie, Too

By Paul Craig Roberts

Americans cannot get any truth out of their government about anything, the economy included. Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over.

https://www.informationclearinghouse.info/article23550.htm

 

Globalization Goes Bankrupt

By Chris Hedges

The rage of the disposed is fracturing the country, dividing it into camps that are unmoored from the political mainstream. Movements are building on the ends of the political spectrum that have lost faith in the mechanisms of democratic change. You can't blame them. But unless we on the left move quickly this rage will be captured by a virulent and racist right wing, one that seeks a disturbing proto-fascism.

https://www.informationclearinghouse.info/article23549.htm

 

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