The People Win as Lawrence Summers Trades Power For Wealth

"Summers engineered Congress’ passage of the Commodity Futures Modernization Act that Clinton signed into law, banning any and all government regulation of the over the counter derivatives market including the credit default swaps and collateralized debt obligations trading in housing mortgages that caused the greatest economic crisis since the Great Depression. "

Why did candidate Obama pick Summers to be his key economic advisor?

Why did president Obama follow guidance of Summers to continue Bush strategy to bail out Wall Street?

Why did president Obama, during his re-election campaign, not pay attention to the Berkeley and Oxford study revealing  the richest 1 percent skimmed off an astounding 95 percent of the gains in income since the official end of the recession in 2009.

Why did president Obama bail out the richest while sacrificing the rest? 

Why did president Obama allow the top 1 percent to acquire the biggest share of income since 1928, the previous high point of American income inequality?

Views: 24

Support Atheist Nexus

Donate Today

Donate

 

Help Nexus When You Buy From Amazon

Amazon

AJY

 

Latest Activity

Future replied to k.h. ky's discussion Edward Snowden
7 minutes ago
Tim Murdoch replied to Napoleon Bonaparte's discussion Viking Trance in the group Les Athées Napoléonienne
8 minutes ago
Joan Denoo replied to Joan Denoo's discussion The cost of masculine crime
8 minutes ago
Joan Denoo replied to Joan Denoo's discussion The cost of masculine crime
13 minutes ago
Andrew Hall commented on Ivy's group Atheist Humor
26 minutes ago
Andrew Hall commented on Ivy's group Atheist Humor
28 minutes ago
Randall Smith commented on Richard C Brown's group learnerscoffeeshack
40 minutes ago
Randall Smith commented on Ruth Anthony-Gardner's group Hang With Friends
45 minutes ago
Luara replied to Ted E Bear's discussion The Freethought Blog. It's become a problem now.
1 hour ago
Steve Shives posted a video

Book Two, Chapters 20-21 - An Atheist Reads Ray Comfort

The series examining the works of Ray Comfort concludes with reviews of Chapters 20 and 21 of Comfort's book, God Doesn't Believe in Atheists. Don't forget t...
1 hour ago
Ted E Bear replied to Ted E Bear's discussion The Freethought Blog. It's become a problem now.
1 hour ago
Luara replied to Ted E Bear's discussion The Freethought Blog. It's become a problem now.
1 hour ago

© 2014   Atheist Nexus. All rights reserved. Admin: Richard Haynes.

Badges  |  Report an Issue  |  Terms of Service