Nomi Prins: "Obama Banking Too Much on Banks"
President Obama visited Wall Street Monday to promote a regulatory overhaul of the US financial system. The visit came on the one-year anniversary of the collapse of the investment bank Lehman Brothers. Lehman’s bankruptcy set off a series of events across the financial markets, leading to a full-scale economic meltdown. Speaking at Federal Hall, Obama promoted Democratic proposals for new financial oversight and a consumer protection agency to protect Americans from unfair loans, but Nomi Prins, an investment banker turned journalist, says Obama’s proposed reforms don’t go deep enough.
As Obama Escalates War in Afghanistan, US Peace Activists Call for Near-Term Withdrawal of Foreign Groups
The coming weeks hold critical significance for the US occupation of Afghanistan. The Senate is expected to vote on the Obama administration’s $128 billion request to fund war operations in Afghanistan and Iraq for the coming fiscal year. Next week, the Obama administration will unveil a report on whether US benchmarks for success in Afghanistan are being achieved. It’s widely believed President Obama will receive a military request to escalate the Afghan war with thousands of additional troops. The apparent congressional unease over a troop escalation comes near Friday’s eight-year anniversary of the vote authorizing the attack on Afghanistan. We speak to Norman Solomon of the Institute for Public Accuracy on his recent trip to Afghanistan and CODEPINK’s Medea Benjamin.
David Cole on "The Torture Memos: Rationalizing the Unthinkable"
Legal scholar and attorney David Cole looks at the story behind the infamous Bush administration torture memos. Cole argues the memos show that the United States government’s top attorneys were instrumental in rationalizing acts of torture and cruelty, employing chillingly twisted logic and Orwellian reasoning to authorize what the law absolutely forbids.
US Forces Raid Somalia, Assassinate Militant Leader
Obama Calls for Overhaul of Financial System
Regulatory Changes Face Fierce Opposition from Finance Industry
Judge Rejects Bank of America Settlement
Iraqi Shoe Thrower Is Released, Claiming Torture
Reid Calls for Probe into Death of Adam Hermanson
Schumer Calls for Investigation into Consolidation of Electronic Voting Industry
Senate Votes to Block ACORN from Federal Funds
Netanyahu Rejects US Call to Freeze Settlement Construction
HRW Suspends Analyst over Nazi Collection
Philadelphia Threatens to Shut Library System
Michael Moore: “We Need a Democratic Economy”