Campaign for America's Future News

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This weekend, Treasury Secretary Henry Paulson, former head of the Goldman Sachs investment house, provided us with a perfect demonstration of Wall Street socialism. He announced that the Bush administration would seek congressional approval to bail out Fannie Mae and Freddie Mac, the government created but privately owned, profit-making housing finance companies that hold or [...] Read Post

“As long as the music is playing, you’ve got to get up and dance. We’re still dancing.” These now-immortal words of former Citibank President Charles “Chuck” Prince were uttered in July, as Citibank was about to lose billions in everything from mortgages to credit cards. Prince departed with a reported $68 million good-bye package. Stanley [...] Read Post

Democratic leaders in the House are currently sketching out the details of an economic stimulus package designed to soften the blow later this year of the now-apparent recession. But Robert Kuttner, founding co-editor of The American Prospect and the author of “The Squandering of America,” is warning that the Democrats should seize the opportunity – [...] Read Post

On Friday, PBS’ The Newshour caught up with our old friend Nancy Nord, the toy industry’s good friend heading up your Consumer Product Safety Commission. And she was in full corporate hack mode, spinning like a top: Toys are one of safest products in the American marketplace. And the toys on the shelves this year, [...] Read Post

Another sorry day for the Sunday shows as they go 0-for-3 for the Watchdog. Despite last week being the week when Al Gore and the Intergovernmental Panel on Climate Change won the Nobel Peace Prize for rallying the world to combat global warming, and the week where the world convened in Bali to address the [...] Read Post

Every Friday in our Weekend Watchdog feature, we post suggested questions for scheduled Sunday guests. You can add your own questions in the comment thread. We’ll also include contact information for the shows, so we can let them know what their viewers want asked. And on Sunday at 4 PM ET, tune in to Air [...] Read Post

It wasn’t fair of me yesterday to pick on just hedge fund managers for lobbying to protect their discount income tax rate, instead of closing that loophole to pay for preventing an unfair expansion of the Alternative Minimum Tax. Because it’s not just hedge fund managers, but private equity moguls as well. Who’s the kind [...] Read Post

The disconnect between certain folks in Washington with the rest of the country is striking. With most Americans unhappy with the state of the economy, (despite the best efforts of David Brooks), many in Washington are risking an unfair tax hike on millions of Americans to protect an unfair tax law benefiting hedge fund managers. [...] Read Post

If you are a Wall Street investment banker, there’s new evidence that you’ve got the best Supreme Court money can buy. Conservative Supreme Court justices did little to hide their disdain for the need to protect the interests of investors earlier this week as they heard the case of a group of stockholders seeking to [...] Read Post