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Today's
Stories
March 17, 2008
Pam Martens
The
Fed's Wall Street Dilemma
March 15 /
16, 2008
Patrick Cockburn
How
to Destroy a Country in Five Years
Mike Whitney
Bearly
Alive: Investment Giant Rushed to ICU by Panicky Fed Chief
Ralph Nader
Of
Laws and Men
Robert Pollin
It's Still the Economy, Stupid
Diane Christian
The Poetics of Perversity: From Boccaccio to Spitzer
Wajahat Ali
Faking the Hood: a Conversation with Ishmael Reed
Tom Wright
/
Therese Saliba
Rachel Corrie's Case for Justice
Alan Farago
Back to Florida: Where Bushtime Began
Greg Moses
Raiding the Family Room in Texas
Michael Hudson
A Grand Global Bargain?
Martha Rosenberg
Why Hillary's Favorite Chicken Company is Eying China
John Goekler
Fourth Generation Warfare in a Fifth Generation Conflict
Uzma Aslam
Khan
A Letter to Barack Obama: Where's the Change, Barack?
Oren Ben-Dor
The Silencing of Gilad Atzmon
David Underhill
Mammon, Morals and the Mobile Tanker Deal
Fred Gardner
The Education of Eliot Spitzer
David Michael
Green
Why Spitzer Should Have Resigned (and Why He Shouldn't Have)
Rev. William E. Alberts
Jesus, Entombed in Heaven
Gail Dines
It's All About the John: Prostitution and Male Power
David Yearsley
Conducting, Anarchy and the Problem of When to Begin
Chris Clarke
Walking with Zeke: the Luckiest of Dogs
Poets' Basement
Anderson, Lodge & Subiet
Website of
the Day
Deviant Art
March 14, 2008
Paul Craig
Roberts
Watching
the Dollar Die
Don Santina
Vichy
Democrats: Pelosi and the Politics of Collaboration
Patrick Cockburn
Iraqi
Mother Vows Revenge on US: How She Lost Her Husband and Her Sons
Tim Rinne
StratCom
Rules! The Next War Will Start in Nebraska
Robert Fantina
In
Torture We Trust
Saul Landau
Letter
to the Presidents-in-Waitings
David Macaray
Common
Myths About Labor Unions
Franklin Lamb
Is
the Bush Administration Switching Horses in Lebanon
Michael Neumann
The
One State Illusion: Reply to My Critics
March 13, 2008
Paul Craig
Roberts
Republicans
and "Free Market" Zealots Bring Disaster to America
Mike Whitney
Meltdown
Looms Larger As Credit Markets Freeze
Assaf Kfoury
"One-State
or Two State?"- Sterile Debate on False Alternatives
Andy Worthington
Afghan
Hero Who Died in Guantánamo: The Background to the Story
Adam Federman
From
Autopia to Autogeddon: Cars Reach the End of the Road
March 12, 2008
Dave Lindorff
Bringing
Down Spitzer: It's the Big Brother Who Should Bother US
R.F. Blader
The
Spitzer Backlash
Yonatan Mendel
How
to be an Israeli Journalist. Never Write "Murder" or
"Palestine"
Jonathan Cook
One
State or Two? Neither. The Issue is Zionism
Bill and Kathy
Christison
Fallon
and Gates -- At Least One Cheer
James J. Brittain
Was
the U.S. Involved in Killing the FARC-EP Leaders
Ron Jacobs
"All
the Money You Make Will Never Buy Back Your Soul"
March 11, 2008
Paul Craig
Roberts
How
to End the Subprime Crisis
Ed O'Loughlin
How
Israeli Troops Invade Homes in Gaza, Brutalize, Smash and Steal
Ramzy Baroud
'Unwavering
Commitment' to Inequality
Kathy Christison
One
State or Two? The Debate Over Israel and Palestine
China Hand
PRC
Plays it Cool, as U.S. Tries to Amp Up Pressure on Iran
John Joslin
Thank
You, Nafta! Welcome to Weirton, Home of the Discount Cigarette
Mike Averko
Serb
Politics, Kosovo and the Moscow-Washington Divide
Ben Rosenfeld
Gavin
Newsom's Kneejerk Plan
Thierry Paquot
High
Rise, Low Spirits:The Curse of the Tower Block
March 10, 2008
Uri Avnery
"Kill
A Hundred Turks and Rest": The Five-Day War in Gaza
Col. Dan Smith
Scoring
the "Surge" and What Lies Beyond
R.F. Blader
Why
"Lock Them Up and Throw Away the Key" is Losing its
Sheen
Michael Neumann
The
One-State Illusion: More is Less
Bob Fitrakis
and Harvey Wasserman
Did
the Republicans Give Hillary Her Victory in Ohio?
James J. Brittain
Anti-Uribe
Protests in Colombia and the World
Missy Comley
Beattie
The
Passion of John McCain
March 8-9,
2008 Weekend Edition
JoAnn Wypijewski
The
Only Way to Fight the Clintons
Mike Whitney
Sorting
Through the Rubble in Post Bubble America
Peter Morici
Fed
and Treasury Fiddle as Economy Plummets
Ralph Nader
The
Silent Violence of Gaza's Suffering that Candidates Ignore
Jonathan Cook
The
Meaning of Gaza's Shoah
Steve Niva
Behind
the Israeli Escalation in Gaza
Bill and Kathy
Christison
Crisis
over Teheran's Alleged Nuclear Plans Nearing Climax
Hervé
Do Alto and Franck Poupeau
Bolivia:
Morales is Checked
Eric Walberg
To
Leave and Stay at the Same Time: Putin to Medvedev to…?
Scott Johnson
City
of A Thousand Foreclosures
Mark Scaramella
James
Brown's Gate
Bill Clinton
President
Clinton's Remarks on Naming William M. Daley as NAFTA Task Force
Chairman
Poet's Basement
St.
Thomasino, Engel, Davies and Willson
Website of
the Weekend
Hillary
Blackens Barack
March 7, 2008
Patrick Cockburn
Why
Iraq Could Blow-Up in John McCain's Face
Robin Blackburn
Question
for Barrack Obama: Why Afghanistan is the 'Right War'?
Saul Landau
The
Stupid Economy
Binoy Kampmark
When
Competition is Good: McCain and the Muddled Democrats
Chris Floyd
Crushing
the Ants: Admiral Fallon and His Empire
Andy Worthington
Spanish
Drop "Inhuman" Extradition Request for Guantánamo
Britons
Will Potter
Before
the Smoke Even Clears in Seattle: Bringing Out the T Word
March 6, 2008
March 6, 2008
Vincent Navarro
The
Next Failure of Health Reform
Forrest Hylton
High Stakes in the Andes: Colombia's Cornered President
Peter Morici
Why the Dollar is So Cheap
George Ciccariello-Maher
Counter-Attack of the Bureaucrats
John Ross
Taxi! Taxi! The Dark Side of the Oscars
Jacob Hornberger
No Standing to Lecture on Justice
Paul Watson
Illegal Japanese Whaling by the Numbers
Dan Bacher
Off the Deep End
Website of the Day
A Katrina Reader Online
March 5, 2008
Cockburn /
St. Clair
A
Great Day for John McCain (and Maybe Nader)
Joanne Mariner
After Guantanamo
Fidel Castro
The Raid on Ecuador: Underestimating Rafael Correa
Christopher
Brauchli
The Turkish Invasions
Steven Sherman
Obama and the Prospects for a Renewal of the Left
Dave Lindorff
Busting Bush & Co. in New England
James Murren
Bombing Somalia
Adam Engel
Necropolis Now
Website of Day
Remember Song
March 4, 2008
Wajahat Ali
Mumbo
Jumbo: Naming Names with Ishmael Reed
William Blum
How Could Hillary Have Known?
Bill Quigley
The Cleansing of New Orleans
Ralph Nader
The Prince Harry Solution
Patrick Irelan
Oil and Health in Venezuela
James J. Brittain
/
R. James Sacouman
Uribe's Colombia is Destabilizing a New Latin America
Norman Solomon
The War Election
Jacob Hornberger
Hillary in Waco: the Missing Apology
Andy Worthington
Guantánamo and the European Parliament
Mike Averko
Kosovo and the Press
Website of the Day
Tex-Mex Primary
March 3, 2008
Jennifer Loewenstein
Gazan Holocaust
Alan Farago
American Politics and the Faltering Economy
Richard Gott
Colombian Deaths in Ecuador
Wajahat Ali
Who Speaks for a Billion Muslims? Analyzing the World Gallup
Poll with John Esposito
Paul Craig Roberts
The Mukasey Conspiracy: a Bi-Partisan Attack on the Constitution
Robert Weissman
When Multinationals Say Adieu
Uri Avnery
Good Morning, Hamas
Martha Rosenberg
When Your Meat is a Downer
Eva Liddell
Leave the Next Dance for Bill
Michael Donnelly
Will Ferrell Does Flint
Website of the Day
Muddy Waters: Train Fare Home Blues
March 1 / 2,
2008
Alexander Cockburn
The
Race Card
Paul Craig
Roberts
The
Political Trial of Don Siegelman
Kathleen and Bill Christison
Nader the Best Antidote to American Imperialism
Nelson P. Valdés
Cuba After Fidel
Christopher Brauchli
Meet Mr. Nursultan Nazarbayev: Friend of Bill, George and Dick
Ron Jacobs
Inside the Secret City: Bomb Making at Oak Ridge
John Ross
The New Conquistadores: Spain's Reconquest of Mexico
Robert Fantina
Posturing Over Patriotism: Obama and Those Lapel Pins
Robert Weissman
Hidden in Plain Sight: Human Rights Hypocrisy
Mohammed Omer
Fear in Gaza
Remi Kanazi
Barack Obama and the Politics of Xenophobia
Bob Jackson
Why is Yellowstone Destroying Its Bison Herd?
Richard Rhames
Casual Threats: Loaded with Mercury
Franklin Lamb
Lebanon Awaits the Arrival of the USS Cole
Rannie Amiri
Showboat Diplomacy: US Warships Steam Toward Lebanon
David Michael
Green
The Three Faces of Hillary: the Politics of Flim-Flam
Conn Hallinan
Notes from the Southern Cone
Faheem Hussain
Prince Harry of Afghanistan and the Meaning of Normalcy
Poets' Basement
Gibbons, Orloski, Gardner and Ford
Website of
the Weekend
The Palestine Chronicle Needs (and Deserves) Your Help!
February 29,
2008
Matt Gonzalez
The
Obama Craze
Jonathan Cook
Academic Freedom? Not for Arabs in Israel
Joshua Frank
Obama and Israel
Anthony DiMaggio
The Unilateral Presidency: Signing Statements and the Rollback
of American Law
Linn Washington, Jr.
Cop Abuse in America
Binoy Kampmark
Hubris and Nemesis
Robert Bryce
Energy Efficiency May be a Good Thing, But It Won't Cut Energy
Use
Sonja Karkar
Australia's Government Continues Its Love Affair with Israel
Dave Lindorff
A Manchurian Candidate in the White House? Obama or Bush?
Website of
the Day
Olduvai George
February 28,
2008
Patrick Cockburn
"Iraq"
Falls Apart
Fred Gardner
The Birth of NAFTA
Michael Levitin
The Crisis in Kosovo is Just Beginning
William S.
Lind
The Fake State of Kosovo
David Macaray
A Ray of Hope for Organized Labor
Stephen Fleischman
Nader's Latest Run: Monkey Wrench or Cattle Prod?
George Wuerthner
The Myths of Forest Health: Why Ecological Logging is an Oxymoron
Laura Carlsen
The North American Union Farce
Carl Finamore
Why the Delta-Northwest Deal Hasn't Taken Off
Michael Dickinson
The Day I Bombed the House of Commons
Website of the Day
Plane Stupid
February 27,
2008
David Rosen
Playing
the Race Card: Obama, Love Across the Color Line and Political
Dirty Tricks
Vijay Prashad
Bomber John: McCain and the 100 Year War
Harvey Wasserman
Incident at Turkey Point: Did Florida Go to the Radioactive Brink?
Andy Worthington
Guantánamo's Shambolic Trials: Pentagon Boss Resigns,
Ex-Prosecutor Joins Defense
Wajahat Ali
Pakistan for Sale: an Interview with Ayesha Siddiqa on Pakistan's
Military Economy
Peter Morici
The Auction-Rate Securities Fiasco: a Drama of Greed and Betrayal
Stephen Philion
Conspiracy Theory, Fears of Betrayal and Today's Anti-War Movement
Michael Donnelly
Obama by Unanimous Decision
Erica Rosenberg /
Janine Blaeloch
After the Land Deals: Will There
be Any Wilderness Left to Protect?
Website of
the Day
Dress Blues
February 26,
2008
Debbie Nathan
Confessions
of a Gitmo Guard
Alan Dershowitz
v. Frank Menetrez
On Finkelstein
Harvey Wasserman
How Ohio Got Nuked
Michael Colby
Ralph Nader vs. the Fundamentalist Liberals
Gary Leupp
Condi vs. Putin on Bullying Belgrade
David Orchard
The New Conquistadors: Canada in Afghanistan
Martha Rosenberg
The Big HRT
Fran Shor
The Electoral Circus and Nader's Sideshow
Serge Halimi
The Dom Perignon Socialist Manifesto: Bernard Henri-Levy's Plan
for the French Left
Global Balkans
Neo-Liberalism and Protectorate States in the Post-Yugoslav Balkans:
an Interview with Tariq Ali
Website of
the Day
Texistentialism
February 25,
2008
Roger Morris
A
Death in Damascus
Anthony DiMaggio
Military
Bases, the Media and the Democrats
Ralph Nader
Why I'm Running
Patrick Cockburn
Iraq Broils
Paul Craig Roberts
Kosovo and the Empire Crazies
Peter Morici
Bernanke's Failing Policies: a Long Recession Looms
Dave Lindorff
General Welch's Whitewash: What We Still Don't Know About That
Minot Nuke Incident
Saul Landau
/
Farrah Hassen
Fanatics, Mountebanks and Drillers: a Bloody Oil Film
Heather Gray
James Orange, Civil Rights Legend
Robert Weitzel
Accomodating Torture
John Halle
Kucinich Goes Down
Website of the Day
Do the Trunk Monkey!
February 23 / 4, 2008
Alexander Cockburn
The
Mushrooming Clouds That Hang Over McCain
Paul Craig
Roberts
Obama
and Global Trade
Wajahat Ali
Omissions of the Commission: an Interview with Phillip Shenon
on the 9/11 Commission
Ralph Nader
Neutering the FDA
Jürgen
Vsych
"What Was Ralph Nader Thinking?"
Fidel Castro
Watching the US Presidential Campaign from Havana
Andy Worthington
Britain's Guantánamo
David Macaray
Unions Under Assault
Jeremy Scahill
The Real Story Behind Kosovo's Independence
David Krieger
Stanley Sheinbaum
Caging the Cold War Monster
Ron Jacobs
Building for the Future
Michael Garrity
The Last, Best Hope for the Northern Rockies
Brian McKenna
Higher Ed's "Civic Engagements" Get Dumbed Down
Missy Beattie
Over the Hill with John McCain
Fred Gardner
American College of Physicians Takes Pro-Cannabis Stand (Mostly)
Boris Kagarlitsky
The Growth of the Russian Labor Movement
Mike Ferner
Kick That Barrel
Dan Bacher
On the Trail with the Border Angels
Christopher
Ketcham
Hillary Goes Where Obama Fears to Tread
Poets' Basement
Davies and Buknatski
Website of
the Weekend
Obama
Mariachi
February 22,
2008
Mike Whitney
The
Bonfire of Capital
Jason Hribal
Elephants and the Circus: The Story of Janet
Liaquat Ali Khan
Arresting Musharraf
Joshua Frank
That Obama Glow: the Nuclear Industry's Golden Child
Dave Lindorff
Vicki's John: Ask Not What She Did for Him, Ask What He Did for
Her!
Liliana Segura
When Torture is Old News: McCain's Blonde Diversion
Robert Fantina
Castro, Bush and Cuba: a Fiasco Waiting to Happen?
Yifat Susskind
The ABCs of Death: Bush vs. Africa's Women
Norm Kent
Pushing 60 with Pot
Website of
the Day
Bush Gets Down in Liberia
February 21,
2008
Saul Landau
Fidel
Steps Aside
Elizabeth Schulte
Left Behind, With No End in Sight: America's Long-Term Unemployed
Helen Redmond
Health Care as a Human Right
Benjamin Dangl
Undermining Bolivia
Michael Levitin
Kosovo's Dilemma
Liam Leonard
Fear and Loathing on the Emerald Isle
Patrick Irelan
Land and Food in Venezuela
Linn Cohen-Cole
Poor Ohio: a Second Letter to Hillary on Her Ties to Monsanto
Michael Simmons
Daydream Believer: John Stewart, the Miles Davis of Folk Music
CounterPunch
News Service
A Message from the Women of Okinawa to US GIs
Website of the Day
Cop Abuse in Shreveport
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St.
Patrick's Day Edition
March 17, 2008
Too Big to Bail
The
Fed's Wall Street Dilemma
By PAM MARTENS
Americans learned two new truths last
week from the Bush Administration's version of Life's Little
Instruction Book: if you're a Wall Street miscreant you're thrown
a lifeline; if you're a Wall Street crime fighter you're thrown
a land mine.
In the first effort, the Feds
effectively handed a Federal Reserve ATM card to JPMorgan to
funnel your tax dollars to the teetering Bear Stearns brokerage
firm to address counterparty risks that have been building for
at least 4 years as the Feds snoozed. Counterparty risk is the
trillions of dollars of insurance contracts (credit default swaps
and other derivatives) taken out by Wall Street firms on each
others (counterparty) bonds, bundled mortgage and commercial
debt (collateralized debt obligations). The firms have used unregulated
over-the-counter contracts to perform this risk transfer alchemy
and funded their own company, Markit Group Ltd., to take the
place of a regulated exchange for price discovery.
In the second effort, the Feds
tapped the Department of Justice, Internal Revenue Service, U.S.
Attorney's office in New York, FBI, five federal judges and a
busy federal court to root out that Code Red threat to our national
security: consensual sex. The sex involved a prostitution ring
and Democratic New York State Governor, Eliot Spitzer, who was
savaged and forced to step down by an avenging media mob abundantly
fed with well placed leaks from a suspiciously homogenous group
called "anonymous law enforcement officials." Governor
Spitzer, in his former role as New York State Attorney General,
had taken the lead in rooting out Wall Street crimes against
small investors because the Federal Reserve was preoccupied with
lobbying to remove regulations on Wall Street's crime factory.
As usual, the Feds handed the
bill to the governed with no thought to the will of the governed.
While mainstream media called
the Bear Stearns bailout the first brokerage bailout since the
Great Depression, in truth it was the second in seven months.
The first brokerage bailout
came without all the media fanfare because it arrived not on
the wings of a public announcement but in five pages of indecipherable
Fed jargon addressed to the General Counsel of Citigroup.
Here is the effective message
sent by the Federal Reserve to Citigroup in its letter of August
20, 2007: now that we have allowed you to become both too big
to fail and too big to bail by repealing the depression era investor-protection
law known as the Glass-Steagall Act at your mere beckoning, we
have to bend more rules to keep you afloat. So, for example,
the rule that says the Federal Reserve is not allowed to lend
to brokerages, just banks, from its discount window can be tweaked
for you by lending up to $25 billion to you and then we'll let
you lend it to your brokerage arm. The Federal Reserve Act rule
that says a bank can't loan more than 10% of its capital stock
and surplus to its brokerage affiliate, we'll let you go as high
as about 30% and say it's in the public interest.
By giving Citigroup an exemption
from Rule 23A of the Federal Reserve Act, by allowing it to funnel
up to $25 Billion from the Fed's discount window to its brokerage
clients who were getting hit with margin calls, the Federal Reserve
and Chairman Ben Bernanke telegraphed an incredibly dangerous
message to global markets: we're just as unaccountable as Wall
Street. The Federal Reserve as enabler under Alan Greenspan created
today's problem and today's Crony Fed under Ben Bernanke is killing
off what's left of U.S. financial credibility. (I had barely
finished typing these words on Monday, March 17, 2008, when a
news alert came across my screen advising that the Federal Reserve
was taking the breathtaking step of making direct loans to all
brokerage firms which are primary dealers for Treasury securities.)
The Federal Reserve is stumbling
around in the dark and regularly bumping into the next bailout
because it stopped being an independent monetary force and started
taking its marching orders from Wall Street quite some time ago.
Here's what Nancy Millar, President
at the time of the National Organization for Women in New York
City, presciently testified in writing to the Securities and
Exchange Commission in August 2001. (Ms. Millar edited and signed
this testimony while I and other Wall Street activists provided
input. This testimony is available in full on the SEC's web site.)
We thank the Securities and
Exchange Commission for extending the comment period to September
4, 2001 in the critical area of bank oversight now that the lines
between banks and brokerage firms have been blurred with the
repeal of the Glass-Steagall Act.
We believe that the comments
made in the letter dated June 29, 2001 from the Federal Reserve,
the Federal Deposit Insurance Corporation (FDIC) and the Office
of the Comptroller of the Currency should be disregarded in their
totality. The banks of America have enough lobbyists and trade
associations to argue their case before the SEC. It is not the
charter or mandate of these three regulatory bodies to lobby
on behalf of banks.
The body of evidence that should
dictate how the SEC must now proceed since Congress saw fit to
eliminate the critical protections afforded the investing public
in the Glass-Steagall Act, resides in the tens of thousands of
pages of transcripts of the Pujo Committee hearings held in 1913
and the Pecora Committee hearings of 1933 and 1934. Fancy promises
from regulators that banks functioning in the dual role as brokerage
firms can and will be self-policing is not what the SEC or Congress
should rely on. The well-developed history of egregious abuses
bestowed on the investing public prior to the enactment of Glass-Steagall,
and since its recent repeal, is what the SEC and Congress must
look to. To believe that the dynamics of power and greed have
been materially altered in nine decades is to engage in naiveté
at the public's peril.
Our Nation's prosperity, democracy
and the productivity of its citizens demand a level playing field
to acquire and safeguard financial assets. Society crumbles when
assets achieved through years of honest hard work can be fleeced
by brokerage firms masquerading as insured-deposit banks. It
is the role of federal regulators to maintain a level playing
field through stringent regulation.
We ask that the SEC immediately
impose the same regulations that govern outside broker-dealers
to securities' operations within banks. And, we herewith ask
Congress to reconsider the repeal of the Glass-Steagall Act or
be held accountable for the peril that unfolds from this unwise
and inadequately deliberated decision.
If ever there was evidence
that America is now facing that peril, it was the most recent
news that the Bush administration's much touted "free and
efficient market" had priced Bear Stearns at $30 a share
at the close of trading on Friday, March 14, 2008 but on further
examination of its books over the weekend, it was valued at $2
a share and absorbed by JPMorgan at that price.
Equally troubling is the growing
awareness among Wall Street veterans that neither the Federal
Reserve nor the U.S. Treasury comprehend was has happened here,
much less how to contain it. Here's what we heard from Hank Paulson,
the Treasury Secretary, last week:
"regulation needs to catch
up with innovation and help restore investor confidence but not
go so far as to create new problems, make our markets less efficient
or cut off credit to those who need it."
Innovation? Less efficient?
Is there anything at all that looks innovative or efficient about
Wall Street today? It is a seized up house of cards built on
a toxic formula of hubris, corruption and free market madness.
Before there is a complete
breakdown, Congress must quickly address the five key reasons
we have today's mess on our hands:
(1) Incentive: from
mortgage brokers paid higher fees to sell subprime loans rather
than prime loans, to stockbrokers paid dramatically higher fees
to sell mortgage-backed securities rather than U.S. Treasury
securities, to investment bankers paid dramatically higher fees
to package Collateralized Debt Obligations rather than issue
plain vanilla corporate bonds, Wall Street has been incentivized
to greed rather than honest service to investors.
(2) Artificial Demand:
The above outsized incentive produced a glut of unwanted and
unneeded product that had to be eventually hidden off Wall Street's
balance sheet in Structured Investment Vehicles (SIVs) or dressed
up to look like Commercial Paper and buried in mom and pop money
market funds. It is this glut and the lack of transparency as
to where else this toxic paper is hiding that is creating the
fear and panic on Wall Street.
(3) Counterparty Risk:
The regulators allowed Wall Street firms/banks to balloon their
asset base and pretend they were meeting capital adequacy tests
by buying "insurance" in the form of derivative contracts.
There was only one problem with these "hedging" techniques;
the counterparty in many cases was just another Wall Street firm
or an inadequately capitalized municipal bond insurer. Instead
of spreading risk, the risk was concentrated among the same players.
(4) Glass-Steagall Act:
Congress was incentivized through Wall Street campaign financing
to throw reason and judgment out the window and repeal the only
law that stood between the country and another 1929. Glass-Steagall
must be restored; and public financing of federal campaigns is
the only means of restoring the will of the governed to Washington.
Pam Martens worked on Wall Street for 21 years;
she has no securities position, long or short, in any company
mentioned in this article. She writes on public interest issues
from New Hampshire. She can be reached at pamk741@aol.com
|
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