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jpmorgan chase is juggling. a $6 billion settlement with institutional investors is in the works and criminal charges may still be filed in california. the bank is under investigation on so many fronts it s hard to keep them sorted out, everything from the deceptive sales in its credit card unit to bernie madoff s ponzi scheme to the criminal manipulation of energy markets and the bribing of chinese officials. nor is jpmorgan chase the only culprit under scrutiny. bank of america was found guilty just this week of civil fraud, and eight other banks are being investigated by the government for mortgage fraud. no wonder wall street s camp followers at fox news, the wall street journal, cnbc and other cheerleaders have ganged up to whitewash the banks. this could be the biggest egg yet across the smug face of unfettered, unchecked, unaccountable capitalism. let s sort this out with someone who covers wall street without fear, favor or flaming headlines. gretchen morgen ....
tonight let s declare that in the wealthiest nation on earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9 an hour. but as the economist dean baker points out this week, if the minimum wage had risen in step with productivity growth, it would be over $16.50 an hour today. we talk a lot about what s happening to the middle class, but the american dream s really become a nightmare for the poor. just about everyone has an opinion about the trouble we re in. the blame game is at fever pitch in washington where obstinate republicans and hapless democrats once again play kick-the-can with the problems we face. you wish they would just stop and listen to richard wolff. an attentive and systematic observer of capitalism and democracy, he taught economics for 25 years at the university of massachusetts and has published books such as democracy at work, occupy the economy, and capitalism hits the fan: the global ec ....
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