Wall Street and the Media Want Us to Forget Who Started the Financial Crisis

LES LEOPOLD

alternet.org — We're at the moment Wall Street has been waiting for: The time where we begin to forget who brought the economy down.

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JOHN DUNBAR AND DAVID DONALD

The Bad Guys of Subprime Lending Are Raking in Bailout Billions

alternet.org — The top subprime lenders whose loans are largely blamed for triggering the global economic meltdown were owned or bankrolled by banks now collecting billions of dollars in bailout money — including several that have paid huge fines to settle predatory lending charges.

//ga3.org/ct/xp20pgF1RYGD/



ADRIANNE APPEL

Banks in Recovery as Home Foreclosures Hit Record

ipsnews.net — The banks are selling stock and debt, and racking up excellent returns on mortgages, loans, high credit card rates and refinancings. Meanwhile, home foreclosures in April were 342,000 — the highest level yet — and average national unemployment rose to 8.9 percent, the highest level since 1983. Some communities are just barely hanging on.

//ga3.org/ct/3720pgF1RYGV/



ART LEVINE

Corporations Widely Using Wal-Mart Tactics

huffingtonpost.com — A definitive new look at the scope of employer ant-union campaigns by a noted Cornell University labor scholar finds that corporations have ramped up a wide-range of tactics designed to punish and intimidate workers for seeking to form a union.

//ga3.org/ct/3d20pgF1RYGZ/



JOHN KAY

Bail-out Kings and Backbench Barons Beware

ft.com — We need to reassert the notion that roles of authority are positions of responsibility rather than declarations of personal merit and routes to personal enrichment. That notion goes with old-fashioned concepts of social obligation and public service. An insistence that power is a duty, not a prize, is probably the most important reason why some countries in the world are rich and others poor. The point needs to be brought home in equal measure to legislators, chief executives and bankers.

//ga3.org/ct/3120pgF1RYGK/



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