Retirement Savings in the Dark
For most of the 20th century, there was a clear wall between working people’s pension funds and the riskier corners of financial markets. This wasn’t accidental—it was the law.
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Whose Housing Recovery?
High-finance investors are snapping up tens of thousands of foreclosed homes for rental income and speculation.
Highway Robbery
In 1995, California granted a private company the right to construct express toll lanes along the State Route 91 freeway
The Swaps Crisis
Interest rate swap deals have allowed the big banks to hold local governments and agencies hostage for tens of millions of dollars.