Finance

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Author Archive

Richard (RJ) Eskow: Letter From Charlotte: How Bank of America Silenced a Whole Town

At the Bank of America shareholder meeting, bank executives continued to enjoy their full constitutional protections despite working for an institution with the worst rap sheet in town. The rest of us were guilty until proven innocent.

Richard (RJ) Eskow: Sarkozy’s Footsteps: Will the Democrats Be Next?

Democrats should consider Sarkozy's fate a cautionary tale -- and a call to action. If they rally around the cause of growth, jobs, and optimism, the nation will benefit and they'll rewarded at the polls.

Richard (RJ) Eskow: Geithner’s World, Part 1: Three Years Of Immunity

Here's a walk down memory lane that's worth taking: Three years ago Tim Geithner was in the position of having to explain why the Federal government wasn't going to nationalize the nation's failing banks. In 2009 many people expected that to be part of the government's bank rescue plan.

Richard (RJ) Eskow: Should We "Means Test" Your Auto Insurance? Then Why Do It for Social Security?

Cuts to Social Security -- whether they're in the form of means-testing or the Ryan/Romney proposals to raise the eligibility age and reduce cost-of-living benefits -- will hurt most seniors. They'll cause the most pain to elderly and disabled women and minorities.

Richard (RJ) Eskow: The Elvis Index: Why the Rich Should Pay a Lot More on Tax Day

Too many of our leaders in Washington want to tell us that the only solution is for us to accept less and less -- less infrastructure, less education, less financial security -- while the rich continue to enjoy these low rates or even lower ones yet to come.

Richard (RJ) Eskow: Chris Christie: The Heartless, Smug, Bullying Embodiment of Today’s Republican Party

Chris Christie isn't the Republican Party's "bad boy." He's its Id. He expresses the emotions they all feel but which most of them are too judicious to say out loud. That's clear by the way the party has embraced him.

Richard (RJ) Eskow: Good Guys Win One: With ALEC, Things Go Better Without Coke

Heads up, Wal-Mart. Know who does a lot of shopping in your stores? People who have been victimized by ALEC policies: Poor people, minorities, and people who are working more and earning less.

Richard (RJ) Eskow: Three Hidden Time Bombs in the GOP’s Medicare Budget

One terrible plan, three dreadful secrets. Presidential candidate Mitt Romney has said very, very nice things about this budget. In fact, all of the GOP's leaders have been bragging about it. Since they're so proud of it, why don't they tell more people what it really does?

Richard (RJ) Eskow: Culture of Predation: That Goldman Sachs Exposé Barely Scratches the Surface

This week people have been buzzing about Goldman Sachs executive Greg Smith's high-profile resignation from Goldman and his description of the way that company's ethics...

Richard (RJ) Eskow: The $28 Billion Man: Senator Shelby’s Anti-Homeowner Deficit Spree

Republicans love to say that nothing's more important than cutting the Federal deficit. So why is Sen. Richard Shelby wasting $28 billion of taxpayer money?

Richard (RJ) Eskow: Oil Slicks: Who Benefits From Gambling on Gas Prices?

We can't know for sure what's behind these oil prices. But what we can know is that we don't know -- and that our government should have the resources to track these markets and intervene when they're being misused.

Richard (RJ) Eskow: More DeMarco Outrage: You Won’t BELIEVE Who He’s Considering for Fannie CEO

The other day we appeared on Sam Seder's program, The Majority Report, to discuss the radical-right ideology of Edward DeMarco, a Bush appointee who became...