Time magazine’s cover story this week titled “What’s Still Wrong with Wall Street,” by Allan Sloan, is a remarkable indicator of where the public stands on the recent obliteration of the economy by a gang crooked financiers and speculators. It shows that even the corporate media is now making the connection that millions of Americans have already made, namely, that a criminal gang of rich white guys in New York did some extremely reckless things with the nation’s collective wealth and the middle class got clobbered.

Around the Web: Douglas J. Holtz-Eakin – Bio Douglas Holtz-Eakin – Wikipedia, the free encyclopedia Biography: Douglas Holtz-Eakin Wonk Room » Douglas Holtz-Eakin Returns To Spread Shoddy Research …

At last week’s New Economy Conference , Leo Gerard , President of the United Steelworkers said that deregulating Wall Street was like leaving a 3-year-old in a candy store unsupervised for a day. When you come back the kid is stuffed full of candy, belly all bloated, with candy falling out of every pocket. And then when you are driving home the kid pukes on your shoes.


 
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I’m starting to get the hang of this interview thing…of course it’s easier when the guy on the other side of the table grew up in the same town. Sadly he is so much younger than I, that we only knew a few of the same teachers–Mr. Sloan and Ms

The Dallas Morning News : Texas Republicans opposed the $787 billion stimulus package, but their districts are getting more than their fair share of emergency funds. Working my way through the detailed data this morning from Recovery.gov, a quick analysis shows that more than $8.6 billion has been awarded to entities in GOP districts.

Wall Street Journal : The WSJ reports (on-line): “The U.K.’s top treasury official Sunday said the government is starting a process to rebuild the country’s banking system, likely pressing major divestments from institutions and trying to attract new retail banks to the market.” The British style is typically understated and policymakers always like to play down radical departures, but this is huge news. Read the whole story: Wall Street Journal