Apparently controlling the Federal Reserve, funding their bonuses with billions in taxpayer dollars and quite nearly bringing down the global economy with their degenerate gambling habits isn’t enough. Wall Street now wants to punish any Democrat who lifts a hand against them, and they’re willing to fund primary challenges to do it. Carolyn Maloney worked [...]

I don’t know about you, but I am just tickled pink that Nancy Pelosi punted on passing a budget and handed responsibility for cutting the deficit by 3% of GDP to the fucking Republican CEO of Honeywell. Jamie Dimon as unaccountable oligarch whipping boy was getting old. Watching one of the world’s biggest defense contractors [...]

Yesterday Princeton’s Alan Blinder, former Vice Chair of the Federal Reserve, wrote that cutting Social Security benefits is the only practical way to keep the United States from becoming — well, Greece: From a long-run perspective, the bond market vigilantes have it right. Greece, Europe, the U.S. and other countries must take serious steps to [...]