Trump’s Choice for Treasury Led Foreclosures on Thousands of Families

Trump’s Choice for Treasury Led Foreclosures on Thousands of Families

Donald Trump has reportedly picked his presidential campaign’s finance chairman to be the next U.S. Secretary of the Treasury. Steve Mnuchin is a Wall Street insider, a 17-year-veteran of Goldman Sachs, and currently the head of the hedge fund Dune Capital Management....
Author Event: A Dream Foreclosed

Author Event: A Dream Foreclosed

The publication A Dream Foreclosed coincides with both the 50th anniversary of MLK’s “I Have Dream” speech and the 50th anniversary of the terrorist attack on Birmingham’s 16th Street Baptist Church. Black history seems to struggle within the...

Danny Glover’s Letelier-Moffitt Award Speech

I’m so sorry I can’t be with you in person tonight. I would love to be there with my dear IPS friend Saul Landau, with whom I’ve been fighting hard for the freedom of the Cuban 5. I was honored when IPS asked me to present the LM HRA to another group...
Apparently, Suite Crime Does Pay

Apparently, Suite Crime Does Pay

What should we, as a society, do with all those reckless financial industry execs who helped trigger the Great Recession and the tidal wave of foreclosures? Should we put these power suits behind bars? Or should we forgive and forget, and lavish down upon them...
What Comes Next?: Building on Occupy and the 99% Spring

What Comes Next?: Building on Occupy and the 99% Spring

Where does the Occupy movement turn next? Can social movements build on its momentum? Will protest and new forms of mobilization create change to transform the economy to one that works for people and the planet? When would-be Occupiers pitched the first tents in New...
Bank of America’s Healthier Roots

Bank of America’s Healthier Roots

The father of Bank of America wouldn’t recognize it today. The “built-to-last” institution he founded has turned into a “built-to-loot” operation obsessed with short-term gains. Amadeo P. Giannini built Bank of America into the first...
Bank CEOs Gain as Millions Lose Dreams, Retirement to Foreclosure

Bank CEOs Gain as Millions Lose Dreams, Retirement to Foreclosure

Inside and outside of Wells Fargo’s annual meeting in San Francisco yesterday, thousands of angry protesters decried the bank’s leading role in the loss of millions of American homes to foreclosure. If you want to know why the protesters are so angry,...
Today Is A Good Day To Break Up with Your Mega Bank

Today Is A Good Day To Break Up with Your Mega Bank

Last week’s announcement that the Obama administration had reached a $25 billion settlement with five of the nation’s largest banks over charges of systemic and widespread mortgage fraud does not mean you should keep your relationship with those banks...
March to FHFA by Freedom Plaza Occupation

March to FHFA by Freedom Plaza Occupation

We’ve Bailed Out the Banks – Now Let’s Bail Out Americans – Freedom Plaza Occupation, Backbone Campaign & Economic Justice Allies Demand Mortgage Correction NOW! “People in power know that the real solution to continuing collapse of...
Illegal Foreclosure Epidemic

Illegal Foreclosure Epidemic

Two-year-olds often go running around the house too wildly and crash into something. They get an “ouchie” and fall down crying, but they learn from it. That’s the virtue of the “ouchie” that Bank of America, Goldman Sachs, JPMorgan Chase,...

Toxic CEO Pay Story

As a critic of runaway CEO pay, I have a lot of scars from debates I’ve done on cable TV business shows. But my most memorable pummeling was in August 2007, when I nearly got my head bitten off for criticizing Countrywide Financial CEO Angelo Mozilo on the CNBC...

Ain’t No Stopping A Progressive Agenda: Part 3

In the third part of my “Silver Lining” series, trying to find some hope in moving forward after a mid-term election in which Conservatives gained a lot of power, I will reiterate the first points: Its not insignificant that the Congressional Progressive...
Banks Profit While Our Farmers Fail

Banks Profit While Our Farmers Fail

Bruce Drinkman is a successful organic dairy farmer who milks 50 cows with his wife, Mari, near Glenwood City, Wisconsin. Despite his 34 years of experience, the two-year drop in milk prices and four years of drought have meant no profits or savings. Last fall they...