A supporter of Sen. Bernie Sanders, I-Vt., walks near a banner at Franklin Delano Roosevelt park in Philadelphia, Thursday, July 28, 2016, during the final day of the Democratic National Convention. (AP Photo/Alex Brandon)

Harry Enten – About A Third Of Bernie Sanders’s Supporters Still Aren’t Backing Hillary Clinton

One of the big questions heading into the Democratic National Convention late last month was whether Hillary Clinton could rally Bernie Sanders supporters to her side. Before the convention, many Sanders supporters saidthey would support Clinton in a two-way matchup against Donald Trump, but when pollsters offered them third-party candidates as an option, they abandoned her. Then, on the first night of the …

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Elizabeth Warren is Trying to Unite the Democratic Party, But All She’s Doing is Betraying Progressives

Elizabeth Warren is seen by many as the heart of the Democratic Party. She bridges the gap between Bernie Sanders and Hillary Clinton supporters. Both sides have sought her endorsement and have large factions within them that want her as the Vice-President. Given the rise of the ‘Bernie Or Bust’ Movement, Clinton and her allies are looking to Warren as …

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David Dayen – What Good Are Hedge Funds?

In the pilot episode of the Showtime drama Billions, a CNBC host grills Bobby Axelrod (Damian Lewis), founder of the hedge fund Axe Capital, at a public forum. “How do you respond to the criticism that hedge funds are the scavengers of the financial sector, and that a select few have undue influence on the markets?” “We’re not scavengers,” Axelrod replies. …

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Corporate Crime Runs Rampant Thanks to ‘Rigged’ System: Elizabeth Warren

“Corporate criminals routinely escape meaningful prosecution for their misconduct.” This is the damning verdict of Sen. Elizabeth Warren’s (D-Mass.) report released Friday, Rigged Justice: How Weak Enforcement Lets Corporate Offenders Off Easy(pdf). “Justice cannot mean a prison sentence for a teenager who steals a car, but nothing more than a sideways glance at a C.E.O. who quietly engineers the theft of …

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David A. Graham – A Quick Guide to the Questions About Clinton Cash

Après Schweizer, le déluge. At the start of the week, The New York Times revealed that Peter Schweizer, a Republican researcher, was close to publishing a book delving into the financial dealings of the Clinton Foundation. The book focuses on how donations from foreign governments to the Clinton Foundation correlated with favorable decisions from the State Department while Hillary Clinton …

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Michael Krieger – The Oligarch Recovery – Low Income Americans Can’t Afford to Live in Any Metro Area

We were told we needed to bail out Wall Street in order to save Main Street. Well the results are in… Wall Street has never done better, and Main Street has never done worse. From the Huffington Post: Low-income workers and their families do not earn enough to live in even the least expensive metropolitan American communities, according to a new analysis …

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Pam Martens & Russ Martens – New York Times Pushes False Narrative on the Wall Street Crash of 2008

William D. Cohan has joined Paul Krugman and Andrew Ross Sorkin at the New York Times in pushing the patently false narrative that the repeal of the Glass-Steagall Act in 1999 had next to nothing to do with the epic Wall Street collapse of 2008 and the greatest economic calamity since the Great Depression. (See related articles on Krugman and …

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Mary Green Swig, Roger Hickey & Steven Swig – One In Eight Americans Burdened By Student Loan Debt, Including 700,000 Seniors

It will not be news to 41 million Americans that this nation is in the middle of a student debt crisis. That’s the number of people burdened by student loan payments. But many people, including many student debt holders, may be surprised to learn that people can be pursued for student debt even into their elder years. In fact, the …

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The Bernie Bubble: How Long Will It Last? By Steven Rosenfeld

How long will the Bernie bubble last? Right now, Bernie Sanders is drawing [3] bigger crowds than any other presidential candidate. His economic populism [4] is bringing in millions in contributions that will carry him into next year’s opening caucuses and primaries. In short, Bernie has been campaigning in a way that has served him well for years—as a blunt retail politician whose calls [5] for economic fairness and …