Robert Reich | Another Giant Bailout of Wall Street?

kristy Reforming Global Finance

Reader Supported News | 04 October 11 PM

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Robert Reich | Another Giant Bailout of Wall Street?
Portrait, Robert Reich, 08/16/09. (photo: Perian Flaherty)
Robert Reich, Robert Reich’s Blog
Robert Reich writes: “Make no mistake. Lurking here is another giant bailout of the Street. The United States wants Europe to bail out its deeply indebted nations so European banks don’t implode. And they don’t want European banks to implode because they don’t want the Street to crash again like it did three years ago. Full circle. In other words, Greece isn’t the real problem. Nor is Ireland, Italy, Portugal, or Spain. The real problem is the financial system – centered on Wall Street.”

GOP War on Voting: New Laws Could Block Five Million From Polls
Julian Brookes, Rolling Stone
Julian Brookes reports: “Republican state legislators and governors in a dozen states have been busy this year passing laws that make it harder for voters – overwhelmingly, Democratic voters – to cast their ballots. The measures, from voter ID requirements to cutting back on early voting to curtailing voter registration drives, may seem disconnected, but they add up.”

Secret Docs Show Foreclosure Watchdog Doesn’t Bark or Bite
Paul Kiel, ProPublica
Paul Kiel reports: “Why has the administration’s flagship foreclosure prevention program been so ineffective in helping struggling homeowners get loan modifications and stay in their homes? One reason: The government’s supervision of the program has apparently ranged from nonexistent to weak.”

Rick Perry’s Racist Camp Name Is Surprisingly Common
Cord Jefferson, GOOD
Cord Jefferson writes: “This says two things, neither of which is ‘Rick Perry is an unforgivable racist’: America is a place with a deeply racist history, one that’s seeped into our lexicon so much that even mostly benign things like echinacea and hunting camps can have horrifically racist name associations. And Rick Perry is a normal guy who was steeped in racism from a young age and has since come to believe that the term ‘niggerhead’ is at least somewhat acceptable.”

Live Coverage: Occupy Wall Street
Reader Supported News Special Coverage
The aim of #OCCUPYWALLSTREET is to draw protesters to New York’s financial district in a non-violent protest to spark a mass movement against corporate dominance. While the corporate media ignores the protest, Reader Supported News will continue to report on the latest developments.