Rep. Keith Ellison Pushes Bill to Cut into Big Banks’ Profits and Share the Prosperity
Washington, D.C. – With endorsements up and down Main Street, as well as from international HIV/AIDS and climate change activists, The Inclusive Prosperity Act (H.R. 1579), a financial transaction tax sponsored by Rep. Keith Ellison (D-MN), was unveiled today at a Capitol Hill press conference. Ellison’s bill would create a Wall Street sales tax, providing [...]
Justice Department Defends Giving Banksters Immunity From Prosecution
The Justice Department has taken strong criticism for failing to prosecute the Wall Street criminals who engineered the global economic recession. As most people know by now, Wall Street speculators helped create a housing bubble using sub-prime loans, made billions from the loans, then left a huge financial mess for average American taxpayers to clean [...]
In the Richest Country in the World, 1 in 5 People Can’t Afford to Eat
Dueling studies have revealed something strange in the behavior of Americans. While one study published by the Natural Resources Defense Council (NRDC) reveals that Americans waste 40 percent of their food supply, a second Gallup poll reveals that one in five Americans can’t afford to eat on a regular basis. These two studies do more to highlight [...]
Report: Average Family Loses 30% of 401k(s) to Wall Street Fees
If you’re saving using a 401k, then chances are you’re losing a large chunk of your savings to Wall St. fees, according to a recent study. From MSNBC: The Demos study, released last month, is just the latest in a long string of research showing 401(k) plans are a better deal for Wall Street than for [...]
What Can a Person Actually Do to Earn $2.1 Billion in a Year?
by Yvette Carnell Well, apparently, scamming is a pretty good start. From WSWS.org: The 40 highest-earning hedge fund managers took home a combined $13.2 billion last year, with the top 10 averaging more than $200 million each, according to a survey published last week by Forbes magazine. Raymond Dalio, the head of Bridgewater Associates, the world’s largest [...]
March 8, 20122 CommentsRead More