Posts tagged with 'Julianne Malveux'

Weekly Audit: Too Big to Fail is Just Too Big

Posted Nov 3, 2009 @ 8:32 am by
Filed under: Economy     Bookmark and Share

by Zach Carter, Media Consortium Blogger

Last week, President Barack Obama released key legislation designed to fight the banking industry’s too-big-to-fail problem. But Obama’s plan doesn’t actually address too-big-to-fail at all. It reinforces a broken system in which economically dangerous companies are bailed out whenever they drive themselves to the brink of failure.

If we want the economy to support all people, we have to break up the big banks and start treating the creation of good jobs as an economic priority on par with Wall Street rescues. (more…)