Tag: banking crisis

No Excuse for losing $2 Billion

In spite of what some people will tell you, the reason that we are in the Great Recession, the reason that millions of Americans are out of work, the reason there was a downturn in our economy is due to irresponsible recklessness on Wall Street. The folks on Wall Street will have you believe that this was the “perfect storm.” No. This was the result of massive deregulation which was pushed by Wall Street and unfettered greed. Until we, the American public, recognize that as long as there are massive incentives (read – huge bonuses) to cut corners and take risks

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What's going on – News Roundup

Early Monday Morning News Roundup The stimulus package has passed the House and the Senate and awaits the president’s signature. If you think the fight over the stimulus package is over, you’re wrong. There’s plenty more fighting to do. As Obama and his administration begin to look at the housing and the banking crisis, look for Republicans to harp back on this stimulus bill to try to retard progress. Lindsey Graham and John McCain, along with a host of other Republicans, hit the Sunday morning talk shows to criticize “wasteful” government spending. Paul Krugman makes an excellent point. The average American lost money during the

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.


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