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Wall Street Vampires – Paul Krugman

Last year the vampires of finance bought themselves a Congress. I know it’s not nice to call them that, but I have my reasons, which I’ll explain in a bit. For now, however, let’s just note that these days Wall Street, which used to split its support between the parties, overwhelmingly favors the G.O.P. And the Republicans who came to power this …

With Banks ‘Still Too Big to Fail,’ Another Financial Meltdown Looms – Deirdre Fulton

Seven years after the financial crisis began, many of the conditions that helped cause the near collapse of the U.S. banking system—and that were used to justify the multi-trillion-dollar U.S. government bailout of mammoth financial institutions—endure, warns a new report from the Corporate Reform Coalition (CRC). Titled Still Too Big to Fail (pdf), Thursday’s report charges that since the meltdown began in …