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…
Former financial regulator Bill Black says 863-page Volcker rule will allow banks to continue their risky financial derivative bets by claiming speculation is mere hedging.
Gerald Epstein: Larry Summers is the chief architect of the financial crisis and should not be chief regulator of the financial system