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Minds are changing on Too Big to Fail. A month ago, it was just something in the air. Now, it looks like we're headed for a real legislative confrontation. And man, is the finance sector freaking.

Last week, on April 24th, Democratic Senator Sherrod Brown of Ohio and Louisiana Republican David Vitter introduced legislation called the "Terminating Bailouts for Taxpayer Fairness Act of 2013 Act," or the "Brown-Vitter TBTF Act" for sh ... Read more »

Category: Economics | Views: 630 | Added by: LIBertea | Date: 2013/05/01 | Comments (0)

President Obama nominated Chicago mogul and longtime friend Penny Pritzker for Commerce secretary. Here’s what you need to know about her:

1) She’s a longtime supporter of the president. Pritzker, 54, first met President Obama and his wife, Michelle, at a Chicago YMCA in the early 1990s while her children were playing basketball and Michelle Obama’s brother, Craig Robinson, was coaching. Since then, she has been an important supporter and has helped raise millions of dollars for his political campaigns since he ran for the Senate in 2004. During Obama's 2008 White House run, Pritzker served as the national chairwoman of his campaign financ ... Read more »

Category: Politics | Views: 487 | Added by: LIBertea | Date: 2013/05/01 | Comments (1)

Published on Wednesday, May 1, 2013 by Common Dreams

'The Gilded Age' Statistics Corporations Don't Want Workers, or Anyone, to See

Aggressive lobbying effort fights disclosure of just how big the income disparities are

-Jon Queally, staff writer

If there's one thing about what many are calling the "The New Gilded Age," it's that well-known corporations—not to mention less well-known, but extremely powerful ones—will fight extremely hard to keep secret just how lopsided the economic disparities have become in recent decades between low-paid workers in the society and the executive and ruling class that have reaped the words of a global ... Read more »

Category: Economics | Views: 446 | Added by: LIBertea | Date: 2013/05/01 | Comments (0)

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