Robert Reich, Op-Ed: The Street has only itself to blame. It should have welcomed new financial regulation as a means of restoring public trust. Instead, it lobbied intensely against the new Dodd-Frank Act and refused to resurrect Glass-Steagall. The cost of such cynicism has leached deep into America, finding expression in Tea Partiers and Occupiers and millions of others who think the Street has sold us out.
Travis Waldron, News Report: “Fraudulent foreclosures have reached near-pandemic levels since the collapse of the housing market. At banks like Wells Fargo, JPMorgan Chase, and Bank of America, fraudulent practices like robo-signing were approved by upper-level management, and employees with no banking experience were given vice-president level titles so they could sign foreclosure documents (one Wells Fargo ‘Vice President’ came to the bank from a pizza restaurant).”
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 Special Coverage: As we enter Day 181 of the Occupy movements the protests have spread not only across the country but all over the globe. Thousands of activists have descended on Wall Street these past weeks as part of the #OccupyWallStreet protest organized by several action groups. What follows is a live video stream and live Twitter feed of this event. |
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