It’s not the bonuses. It’s that AIG’s counterparties are getting paid back in full.
By Eliot Spitzer
Everybody is rushing to condemn AIG’s bonuses, but this simple scandal is obscuring the real disgrace at the insurance giant: Why are AIG’s counterparties getting paid back in full, to the tune of tens of billions of taxpayer dollars?
For the [...]
Article Date: 05 Mar 2009 – 6:00 PST
The Obama administration’s plans to hold a “Health Care Summit” that excludes advocates of single-payer healthcare reform has drawn a sharp response from labor leaders around the country.
“President Obama has indicated that his administration is committed to the passage of a new ‘universal’ national health care program for [...]
An interview with Jack Rasmus, a professor of economics at St. Mary’s College and Santa Clara University in Northern California. Prof. Rasmus is a member of the newly formed National Steering Committee of the Workers Emergency Recovery Campaign (WERC). The interview was conducted on March 2, 2009, by Alan Benjamin, organizer for the WERC.
Part 1 of 6 of Democracy Now! presentation.
From Democracy Now February 13, 2009
Both the House and Senate are set to vote today on the $789 billion economic stimulus package. The vote follows weeks of political wrangling that culminated in compromise legislation struck on Wednesday. The final size of the package is less than what both [...]
Democracy Now’s Amy Goodman interview Nobel economics laureate and former World Bank chief economist, Joseph Stiglitz. Stiglitz says the Obama administration has failed to address the structural and regulatory flaws at the heart of the financial crisis that stand in the way of economic recovery. Stiglitz also talks about why he thinks Obama’s strategy on Afghanistan is wrong and that Obama’s plan to keep a “residual force” in Iraq will be “very expensive.” On health care, Stiglitz says a single-payer system is “the only alternative.”