DhafirTrial

Putting the Breaks on Neoliberal Economics

GENEVA — Former UBS banker Bradley Birkenfeld hit out on Saturday against the “corrupt” US judiciary which sent him to jail even though he was the whistleblower who led to the US tax fraud case against the bank. (more…)

While America’s super-rich congratulate themselves on donating billions to charity, the rest of the country is worse off than ever. Long-term unemployment is rising and millions of Americans are struggling to survive. The gap between rich and poor is wider than ever and the middle class is disappearing. (more…)

At Netroots Nation, Elizabeth Warren spoke about how to make the new Consumer Financial Protection Bureau help protect the U.S. economy. (more…)

Holes in the Keynesian Against G20 Austerity Plan

Instead of calling the recent G-20’s brutal austerity declaration (issued at the conclusion of its annual summit in Toronto last month) an orchestrated declaration of class war on the people, many progressive/Keynesian economists and other liberal commentators simply call it “bad policy.” (more…)

Sen. Bernie Sanders sent a letter to President Barack Obama, urging him to appoint Elizabeth Warren as the first director of the new Bureau of Consumer Financial Protection, created under the Wall Street reform legislation passed by Congress.  Sign the petition here.

The Transformation of Markets into Casinos

Ellen Brown Counterpunch 7/14/10

Ever since December 2008, the Federal Reserve has held short-term interest rates near zero. This was not only to try to stimulate the housing and credit markets but also to allow the federal government to increase its debt levels without increasing the interest tab picked up by the taxpayers. The total public U.S. debt increased by nearly 50% from 2006 to the end of 2009 (more…)

Ben Protess and Jeannette Neumann Huffington Post Investigative Fund 6/08/10

Some of the nation’s largest and most elite universities stand to gain millions of dollars from selling the names and addresses of students and alumni to credit card companies while granting the companies special access to school events, the Huffington Post Investigative Fund has found.  (more…)