Media

(Flickr/John-Morgan)

The First Amendment was never intended as a tool for the wealthy to dominate our political process.

Among the biggest complaints about the financial industry is that it always seems to do well, even when disaster strikes for everyone else. Investments bankers, venture capitalists, and even stock analysts (like Henry Blodget) made millions during the dotcom boom, getting rich and then getting out before that bubble crashed. Wall Street did even better during the real estate bubble, bundling subprime mortgages, with many key villains in this story walking away with hundreds of millions of dollars before everything fell apart.

The Court continued down its recent path of manipulating the rules for corporations and the one percent.

(Flickr/JBrazito)

One reason that major institutions in U.S. society end up being distrusted by Americans is that they can seem to have their own self-interested agenda that disregards the public's needs or what makes sense.

Washington, D.C. – Today, the United States Supreme Court summarily reversed the Montana Supreme Court decision to uphold a state law restricting corporate spending in elections, squandering a chance to review the disastrous consequences of Citizens United.

Washington, DC – The U.S. Supreme Court today upheld the constitutionality of Maryland’s groundbreaking “No Representation Without Population Act,” which counts incarcerated people as residents of their legal home addresses for redistricting purposes. The 2010 law was a major civil rights victory that ended the distortions in fair representation caused by using incarcerated persons to pad the population counts of districts containing prisons.

The movement has drawn some support from financial circles. Wallace C. Turbeville, a former Goldman Sachs banker who now is a senior fellow at Demos, a public policy research organization in New York, submitted testimony last month for the Senate Banking Committee in favor of more banking regulation.

In its May 2012 Plastic Safety Net survey, research and advocacy company Demos surveyed 997 low- and middle-income American households that carried credit card debt for three months or more — and looked at how the recession and the Credit CARD Act of 2009 have affected American households.

REPORT: The Plastic Safety Net