Mike Lillis appeared on MSNBC’s The Ed Show last night, discussing the hundreds of safety violations racked up by Massey Energy, the company whose coal mine in West Virginia exploded on Monday, killing at least 25 workers. Watch the video clip after the jump:
Since George W. Bush took office, commercial banks have more than doubled their annual federal lobbying budgets, to great effect. In addition to securing a nearly industry-wide bailout in the wake of a financial crisis spurred by their own risky investments, banking lobbyists notched many successes in More…
The complex structure of modern capital markets is increasingly the cause of financial crises. External shocks like a decline in housing prices are intensified as they move through the convoluted chains of dealings that link market participants. Concentration of trading among a small group of dealers only heightens the many More…
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