>Where Credit Is Due

>A Timeline of the Mortgage Crisis: A field guide to the loan sharks and politicos who got us into the predatory lending mess.by Nomi PrinsMotherJones.com (July 02 2008)1913: Federal Reserve Act creates national banking system.1914: Federal Trade Commission Act prohibits unfair or deceptive business practices.1933: With memories of 1929 stock crash still fresh, Glass-Steagall Act … Continue reading >Where Credit Is Due

>The case for nationalizing the banks

>by Barry Greywsws.org (January 19 2009)Published by the International Committee of the Fourth International (ICFI)Less than four months after Congress passed the Bush administration's Troubled Asset Relief Program (TARP), authorizing the Treasury Department to spend $700 billion in taxpayer money to bail out the banks, the same banks that received the government handouts are reporting … Continue reading >The case for nationalizing the banks

>The Swedish model is the best hope for western banks

>by Christopher WoodFinancial Times FT.com (January 20 2009)As newspaper headlines are full of stories about more forced capital injections by governments into leading American and British banks, it has surely become time to end the present ad hoc approach to the intensifying banking crisis.In the US and Britain most of the big banks have now … Continue reading >The Swedish model is the best hope for western banks

>Bernanke’s speech shows where BOJ failed

>by Richard A Werner The Daily Yomiuri (January 29 2009)US Federal Reserve Board Chairman Ben Bernanke gave an interesting speech at the London School of Economics in mid-January. Unusual for speeches by the head of a major central bank, Bernanke was fairly direct in his message and coherent in his analysis. He also gave some … Continue reading >Bernanke’s speech shows where BOJ failed

>Think Again

>Climate Changeby Bill McKibbenCommon Dreams (January 05 2009)Act now, we're told, if we want to save the planet from a climate catastrophe. Trouble is, it might be too late. The science is settled, and the damage has already begun. The only question now is whether we will stop playing political games and embrace the few … Continue reading >Think Again

>Squandered

>This is how a government elected to stamp out sleaze became worse than its predecessor.by George MonbiotThe Guardian (January 27 2009)So now the circle is closed. The government which won a landslide victory in 1997 after Tory MPs were revealed to have taken cash for parliamentary questions now faces far graver allegations: cash for laws … Continue reading >Squandered