Norman Solomon / TruthDig. Twenty-five years ago, the so-called New Democrats were triumphant. Today, their political heirs are eager to prevent the Democratic Party from living up to its name. At stake is whether democracy will have a chance to function. A fundamental battle for democracy is in progress—a conflict over whether to reduce the…
Whistleblowers Richard Bowen and Michael Winston, along with UMKC’s Bill Black, discuss the rampant fraud at Countrywide and Citigroup and how today’s high foreclosure rates in states like Nevada could be a sign of what’s to come
Former financial regulator Bill Black says it’s important to reimplement the Glass-Steagall Act – but it’s not enough to prevent another financial crisis.
Bill Black says that a just settlement would include criminal prosecution of senior Citigroup officials who led the fraud and covered it up