By William K. Black
April 20, 2016 Bloomington, MN
Holman Jenkins, the ultra-conservative Wall Street Journal columnist who specializes in global climate change denial and elite financial fraud denial, has written recently to join Paul Krugman in defending the systemically dangerous banks. Jenkins is a member of the WSJ’s loopy editorial board. Jenkins’ title was “Big Banks Aren’t the Problem.” Jenkins’ thesis raises obvious and vital questions – he ignores each of them because answering them would falsify his thesis.
The 2008 crisis did not begin in a handful of too-big-to-fail banks, but in incentives cast far and wide among home buyers, mortgage brokers, lenders and others to underwrite tax-advantaged, one-way bets on home prices.
Michael Hoexter, Ph.D.
Democrats in remaining primary states are now making decisions about whether to continue supporting and campaigning for Bernie Sanders the surprisingly successful underdog in the Democratic primary for President or line up behind the current frontrunner and Democratic Establishment candidate Hillary Clinton. Sanders still has a chance to win a majority of pledged delegates if primary voters feel positively about Sanders and negatively about his opponent Clinton, that they will support Sanders. The role of grassroots Sanders campaign volunteers is crucial here. There are many aspects to voters’ decision-making but I want to highlight one feature of his candidacy that goes beyond differences in policy between Sanders and Clinton. I think that those decisions revolve also around differing understandings of what kinds of love people need to survive and thrive.