Category Archives: glass-steagall act

Too Big To Fail

Remember AIG? The American taxpayer has sunk $150 billion into the failed insurance giant and backed another $300 billion of corporate risk because it was “too big to fail.” Because the entire global system was connected to AIG, its collapse … Continue reading

Posted in financial meltdown, financial regulation, glass-steagall act | Leave a comment

Just Say No to the Bailout — this one, anyway

If I had the power to do a commercial about the $700 billion Wall Street bailout, it would feature George Bush holding a fistful of money. “This is your money,” a voiceover would say. Then the camera would pan back … Continue reading

Posted in george bush, glass-steagall act, naomi klein, paul krugman, shock doctrine, wall street bailout | Leave a comment