Truthout Interviews Whistleblower-Novelist Nomi Prins: Mark Karlin: Given your expertise in understanding the corruption of Wall Street, what did you find in the practices of the financial world leading up to the 1929 crash that presaged the 2007 crisis? Nomi Prins: Into the crash of 1929,...
Demos' Heather McGhee goes on FOX News to defend Move Your Money Campaign and advocate holding the powerful banks accountable.
All together, the finance sector is the top spender on lobbying between the years of 1998 and 2011, according to the Center for Responsive Politics, having poured $4,631,844,938 into lobbyists’ pockets. $230,200,953 of that came directly from the five banks surveyed here. And what did they...
Leila Khan is a beautiful, enterprising immigrant, struggling to find her purpose in a tumultuous America. Her Wall Street diner job introduces her to banker, Roderick Morgan – a haunted alcoholic controlled by his ruthless uncle, bank mogul Jack Morgan. As Leila and Roderick’s flirtations deepen...
Economic inequality – the meta concern of the Wall Street protesters – is not an issue that typically gets much traction in American politics. Anger at the Haves tends to surge when times are tough, only to melt away when former Have Nots are again flush enough to go back to the mall. A year ago,...
Today We Start Rebuilding the American Middle Class Washington, DC — Today the US Senate passed an historic financial reform bill, the Wall Street Reform and Consumer Protection Act, reigning in some of the most egregious practices of banking industry that led to the recent financial meltdown...
It has been almost a year since the passage of a major financial reform bill. Lobbyists are fighting a behind-the-scenes – and some say unequal – battle to determine how the law will affect banks. DealBook’s Ben Protess speaks to several lobbyists in Washington--including Demos Washington DC...
Having lost more than 143,000 jobs since the financial industry set off the Great Recession in 2008, Massachusetts's economy and its middle class depend more than ever on the health of our small businesses. Yet the engine of a thriving small business economy — affordable credit — has stalled...