World-News

THOMAS B. EDSALL

Crony Capitalism: How The Financial Industry Gets What It Wants

huffingtonpost.com — The tilt of American policy in favor of the finance industry — reflected in the policies of recent Treasury Secretaries Timothy Geithner, Henry Paulson and Robert Rubin — cannot be attributed to any one person or institution. The industry flexes unsurpassed muscle in the political system, backed by billions of dollars invested in candidates and lobbying, a vast grassroots lobbying network of local bankers, the growing centrality of finance in the national economy, and widespread acceptance among public officials of a pro-market, deregulatory philosophy.

http://ga3.org/ct/q720pgF1nSG-/



ARIANNA HUFFINGTON

Wall Street, DC, and the New Financial Euphoria

huffingtonpost.com — Talk about premature exaltation. The insider consensus seems to be that the worst of the hard times is behind us and that the economy is back on track. Or at least on track to be back on track. Not even the latest employment stats showing that another 539,000 Americans had lost their jobs dimmed the enthusiasm. Call it The New Financial Euphoria.

http://ga3.org/ct/qp20pgF1nSGJ/



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