Mitt Romney has a credibility problem. He changes his beliefs like laundry (abortion, medical insurance, whether Bin Laden was worth killing, attacking Iran), refuses to disclose his tax returns, and won’t explain how he could possibly pay for the tax cuts he proposes. But there is another scandal in Romney’s campaign — namely Glenn Hubbard, […]

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Re-printed from Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America; Copyright © 2012 by Charles Ferguson. Published by Crown Business, a division of Random House, Inc. ____________________________ Many people who saw my documentary film about the 2008 economic crisis, Inside Job, found that the most surprising, and disturbing, portion of the film was its […]

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What unites the midterm election results, the Federal Reserve’s decision to spend another $600 billion to keep interest rates down, the failure to address the foreclosure crisis, and America’s worsening relations with its G-20 partners? And, more generally, what explains the Obama Administration’s toothless response to the financial crisis, in particular its reversion to status […]

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Critics of the Obama administration’s remarkably friendly policies towards Wall Street have recently been encouraged by the appointment of Elizabeth Warren and the announced departure of Larry Summers. Unfortunately, these two developments do not solve our problems, or even indicate that President Obama is interested in solving them. As usual with this administration, Elizabeth Warren’s semi-appointment was […]

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