Critical resources on the economic crisis ... news, links and ACTION!


A New Way Forward. Here's where you can PLEDGE TO BREAK UP THE BANKS!

Center for Economic and Policy Research. Dean Baker and Mark Weisbrot are co-directors of this center which was "was established in 1999 to promote democratic debate on the most important economic and social issues that affect people's lives."

Reports from the Economic Front, by Martin Hart-Landsberg.

Working Group on Extreme Inequality.

Joseph Stiglitz' website, updated now and again.

Nomi Prins' website, updated now and again.

James K. Galbraith's website, updated regularly.

Nouriel Roubini's RGE Monitor, updated regularly.

Michael Hudson's website, updated now and again.

Paul Krugman's Blog, New York Times, updated often.

Paul Krugman online, columns, books, interviews, etc., W. W. Norton & Company, updated often.

William Greider's website, under construction.

Oregon Working Families Party.

Articles ...

Goldman left foreign investors holding the subprime bag, Greg Gordon, McClatchy Newspapers, November 3, 2009

Goldman takes on new role: taking away people's homes, Greg Gordon, McClatchy Newspapers, November 2, 2009

Breaking up the banks is hard to do - Remember US banks that were 'too big to fail'? If Congress gets its way, they will be bigger and less accountable than ever, Dean Baker, Guardian (UK), November 2, 2009

How Goldman secretly bet on the U.S. housing crash, Greg Gordon, McClatchy Newspapers, November 1, 2009

Wall Street adds insult to injury - Bailed-out bankers don't deserve million-dollar salaries, no matter how much they complain about limits on executive pay, Dean Baker, Guardian (UK), October 26, 2009

Take America back from the banks - Reining in the financial industry's power and greed will be a long, hard-fought war. But it is one that must be fought, Dean Baker, Guardian (UK), October 12, 2009

Break up America's banks - The populist anger about Obama's bank bailouts transcends politics. We need a banking system accountable to the public, Dean Baker, Guardian (UK), September 21, 2009

Good Billions After Bad - How Your Money Got Wasted on Golf Junkets and Worse, Donald L. Barlett and James B. Steele, Vanity Fair, October 2009

The Recession’s Racial Divide, Barbara Ehrenreich and Dedrick Muhammad, New York Times, September 12, 2009

How Did Economists Get It So Wrong?, Paul Krugman, New York Times, September 4, 2009

Saving homes with a 'right to rent' - The plan would help owners facing foreclosure and preserve neighborhoods, Dean Baker, Los Angeles Times, August 12, 2009

The case for no stimulus - Should we stop boosting the economy and let the recession run its course? Doing so would leave Americans in the lurch, Dean Baker, Guardian (UK), August 10, 2009

Averting the Worst, Paul Krugman, New York Times, August 9, 2009

Ben Bernanke's failure at the Fed - The Federal Reserve chairman is lobbying to keep his job, but his response to the financial crisis has been exceptionally poor, Dean Baker, Guardian (UK), August 3, 2009

Stimulus Works, Give Us More!, Dean Baker,, August 3, 2009

Rewarding Bad Actors, Paul Krugman, New York Times, August 2, 2009

How You Finance Goldman Sachs' Profits - An insider’s view of Wall Street’s rebound, Nomi Prins, Mother Jones, July 29, 2009

How to solve the housing crisis - Rather than throwing families out of foreclosed homes, US laws should be changed to allow them to stay and rent, Dean Baker, Guardian (UK), July 27, 2009

The Joy of Sachs, Paul Krugman, New York Times, July 16, 2009

The Great American Bubble Machine - From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again, Matt Taibbi, Rolling Stone, July 13, 2009

The green shoots are dead - The latest jobless figures show America's economy is stuck in the doldrums. The US urgently needs a new stimulus injection, Dean Baker, Guardian (UK), July 6, 2009

That '30s Show, Paul Krugman, New York Times, July 2, 2009

US private sector 'cut 473,000 jobs in June', P. Parameswaran, Sydney Morning Herald, July 2, 2009

The UN Takes Charge, Joseph Stiglitz, Project Syndicate, July 2009

Wall Street’s Toxic Message, Joseph Stiglitz, Vanity Fair, July 2009

Banks own the US government - There are smart ways to raise money and regulate the market, but Wall Street is working to kill any meaningful financial reform, Dean Baker, Guardian (UK), June 30, 2009

A Global Recovery Needs A Global Response, Joseph Stiglitz, ZNet, June 27, 2009

Obama's (Latest) Surrender to Wall Street - How the Financial Reform Plan Protects the Status Quo, Michael Hudson, CounterPunch, June 22, 2009

New rules aren't enough - The Obama administration's financial reforms won't prevent future economic crises if regulators remain asleep on the job, Dean Baker, Guardian (UK), June 22, 2009

Obamanomics: The Good, the Bad, the Weak, Nomi Prins, Mother Jones, June 17, 2009

Financial Gain, Economic Pain, Nouriel Roubini, Project Syndicate, June 2009

America's Socialism for the Rich, Joseph Stiglitz, Project Syndicate, June 2009

The Big Bank Bailout Payback Bamboozle, Nomi Prins, Mother Jones, June 14, 2009

Stay the Course, Paul Krugman, New York Times, June 14, 2009

The Crisis and How to Deal with It, Bill Bradley, Niall Ferguson, Paul Krugman, Nouriel Roubini, George Soros, Robin Wells et al., The New York Review of Books, Volume 56, Number 10 - June 11, 2009

Gordon the Unlucky, Paul Krugman, New York Times, June 7, 2009

Keeping Them Honest, Paul Krugman, New York Times, June 5, 2009

The Trouble With Democrats - Reclaiming the Economy for the People, William Greider, The Nation, June 5, 2009

A Tale of Two Depressions (NEWLY UPDATED!), Barry Eichengreen & Kevin H. O’Rourke,, June 4, 2009

Krugman Gets His History Wrong, William Greider,, June 1, 2009

Economic recovery is wishful thinking - The media has been touting whatever good economic news it can find. But the truth is economic recovery is nowhere in sight, Dean Baker, Guardian (UK), June 1, 2009

Reagan Did It, Paul Krugman, New York Times, May 31, 2009

Is This an Age of Financial Reform or Plunder Without End?, Danny Schechter,, May 29, 2009

The Spring of the Zombies, Joseph Stiglitz, Project Syndicate, May 2009

10 Sleazy Ways That Goldman Sachs Distracted Us While Pocketing Billions from the Treasury, Nomi Prins, AlterNet, May 28, 2009

Foreclosures, mortgage delinquencies climb at record rate, Kevin G. Hall, McClatchy Newspapers, May 28, 2009

The Big Inflation Scare, Paul Krugman, New York Times, May 28, 2009

Waterboard the Fed? American taxpayers have the right to know where the trillions of dollars being pledged in their name are going, Dean Baker, Guardian (UK), May 25, 2009

The Crimes of Wall Street: The Scams and Sleaze at the Top, Danny Schechter,, May 22, 2009

Doctor Doom - Don't Believe The Optimists: Think you see green shoots? You're wrong ..., Nouriel Roubini, Forbes, May 21, 2009

Was the bank bailout necessary? Saving zombie banks supposedly prevented financial collapse. But would letting them fail really have been so bad?, Dean Baker, Guardian (UK), May 18, 2009

Lax Little Islands, David Cay Johnston, The Nation, May 13, 2009

Breathing easier after bank stress tests? You shouldn't, Kevin G. Hall, Greg GordonMcClatchy News Service, May 13, 2009

American Expression: Card Companies Resisting Reforms, Danny Schechter,, May 9, 2009

Stress test sneak peek: Big banks still threaten economy, Kevin G. Hall, McClatchy News Service, May 7, 2009

Nation Ready To Be Lied To About Economy Again, Business, The Onion, May 6, 2009

We Can't Subsidize the Banks Forever - Government has to show it can handle major insolvencies, Matthew Richardson and Nouriel Roubini, Wall Street Journal, May 5, 2009

Preventing Wall Street's risky business - We don't need a special 'systematic risk regulator' to prevent another financial crisis. We just need economists to do their jobs, Dean Baker, Guardian (UK), May 4, 2009

Outsourcing Top Management: The Lesson of Fiat-Chrysler, Dean Baker, truthout, May 4, 2009

Banksters on the War Path: How Wall Street Is Fighting Back and Winning Their Fight for the Status Quo, Danny Schechter,, May 3, 2009

Who Shredded Out Safety Net?, James Ridgeway, Mother Jones, May/June 2009

The cost of business on Wall Street - To curb Wall Street excess, the US should tax financial transactions as the UK does, Dean Baker, Guardian (UK), April 27, 2009

Money for Nothing, Paul Krugman, New York Times, April 27, 2009

'I Am Dr. Realist' - The bottom is still a year off, says the economist who warned of the plunge, interview with Nouriel Roubini, Newsweek / Washington Post, April 24, 2009

Obama and the Big Dogs, William Greider, The Nation, April 22, 2009

The Wall Street Whine: Goldman Sachs Edition, Dean Baker, truthout, April 20, 2009

Economics in a Bubble - The cheerleaders for America's toxic boom want us to bail out US banks. They were wrong then - and are wrong now, Dean Baker, The Guardian (UK), April 20, 2009

More money plus fresh ideas needed to move economy out of its recession, Mark Weisbrot, Cleveland Plain Dealer, April 20, 2009

Bank of America's surge in bad loans revives economic gloom, Andrew Clark in New York, The Guardian (UK), April 20, 2009

Resenting the Rich - This house believes that the rich should pay higher taxes, Economic Debate featuring guest commentary by Dean Baker, The Economist (UK), April 17, 2009

Noam Chomsky on the Global Economic Crisis, Healthcare, US Foreign Policy and Resistance to American Empire, Noam Chomsky, Democracy Now!, April 14, 2009

No End In Sight, Are there glimmers of hope that the US economy is recovering? Not yet - despite the optimists' wishful thinking, Dean Baker, Guardian (UK), April 13, 2009

The Sales Effort and Monopoly Capital, Robert W. McChesney, John Bellamy Foster,
Inger L. Stole, & Hannah Holleman, Monthly Review, April, 2009

Why We're Not at the Beginning of the End, and Probably Not Even At the End of the Beginning, Robert Reich, Robert Reich's Blog, April 10, 2009

Making Banking Boring, Paul Krugman, New York Times, April 10, 2009

Living Large and in Charge, Robert Sheer, Truthdig, April 7, 2009

Why didn't Fed force big banks to take less of AIG bailout?, Greg Gordon and Kevin G. Hall, McClatchy Newspapers, April 7, 2009

A Tale of Two Depressions, Barry Eichengreen & Kevin H. O'Rourke, VOX, April 6, 2009

A Trillion Dollars for the Banks: How About a Second Opinion?, Dean Baker,, April 6, 2009

The Best Way to Rob a Bank Is to Own One, William K. Black interviewed by Bill Moyers, Bill Moyers Journal, April 3, 2009

Unemployment Jumps to 8.5 Percent, Economy Sheds 663,000 Jobs, Dean Baker,, April 3, 2009

Obama’s Ersatz Capitalism, Joseph Stiglitz, New York Times, March 31, 2009

Watchdogs: Treasury won't disclose bank bailout details, Chris Adams, McClatchy New Service, March 31, 2009

Geithner's Plan Will Tax Main Street to Make Wall Street Richer, Dean Baker, Truthout, March 30, 2009

The Geithner Plan and Beyond, Noam Chomsky, The Real News Network, March 29, 2009

Roubini Says Geithner Plan Won't Stop Nationalizations, Nouriel Roubini interview, Bloomberg News, March 27, 2009

Bill Moyers interviews William Greider about the Geithner plan for fixing the financial industry, Bill Moyer's Journal, Public Broadcasting System, March 27, 2009

Where Wall Street Trades in Political Currency, Andrew Ross Sorkin, Peter Edmonston, Jennifer Daniel, New York Times, March 26, 2009 ... to check out the map of political influence, click HERE!

Obama's Toxic Advisers, Robert Scheer, The Nation, March 25, 2009

The Geithner Plan Won't Work, Joseph K. Galbraith, The Daily Beast, March 24, 2009

2009 Fiscal Plan Fails both Markets and Taxpayers, Joseph Stiglitz, Common Dreams, March 24, 2009

Timothy Geithner's toxic plan: The last-ditch effort to save Wall Street will hurt taxpayers and still require another big bailout down the line, Dean Baker, The Guardian (UK), March 23, 2009

The Battle Over the A.I.G. Bonuses: Class War in the Media, Dean Baker, Truthout, March 23, 2009

Obama's Wall Street bailout failure - Before it can clean up Wall Street or do much of anything else, the administration has to clean up the way it's been trying to clean up Wall Street, Robert Reich, Slate, March 20, 2009

TThe Big Takeover - The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution , Matt Taibbi, Rolling Stone, March 19, 2009, 2009

Perp Walks, Not Bonuses, Robert Scheer, The Nation, March 18, 2009

How to Fail to Recover, Joseph Stiglitz, Project Syndicate, March 15, 2009

No Return to Normal - Why the economic crisis, and its solution, are bigger than you think., James K. Galbraith, Washington Monthly, March 2009 (March 9, 2009)

A Bank Bailout that Works, Joseph Stiglitz, The Nation, March 4, 2009

Staving off another Great Depression - With housing and investment plummeting and unemployment soaring, Americans are firmly behind Obama's economic agenda, Dean Baker, The Guardian (UK), March 2, 2009

Bailed-Out Banks Should Be Declared Insolvent , James K. Galbraith, interviewed on Democracy Now!, February 12, 2009

Taxpayer trillions fuel a monster mess, David Hirst, Planet Wall Stree - Melbourne Age, February 11, 2009

Chomsky: Understanding the Crisis — Markets, the State and Hypocrisy , Noam Chomsky interviewed by Sameer Dossani, Foreign Policy in Focus, February 10, 2009

It Is Time to Nationalize Insolvent Banking Systems, Nouriel Roubini, Nouriel Roubini's Global EconoMonitor, February 10, 2009

Nationalized Banks Are "Only Answer," Economist Stiglitz Says, Joseph Stiglitz interviewed by Deutsche Welle, Deutsche Welle, February 6, 2009

Capitalist Fools, Joseph Stiglitz, Vanity Fair, January, 2009

The End, Michael Lewis, Condé Nast Portfolio, December, 2008

Reversal of Fortune, Joseph Stiglitz, Vanity Fair, November, 2008

Return of the Wall Street Hustlers, Robert Scheer, The Nation, November 26, 2008

Global Crisis - Made in America, Joseph Stiglitz, Spiegel International online, November 12, 2008

Paulson's Swindle Revealed, William Greider, The Nation, October 29, 2008

The Financial Crisis of 2008, Noam Chomsky, interviewed by Simone Bruno, Z Net, October 13, 2008

The Insanity of the $700 Billion Giveaway, Michael Hudson, CounterPunch, September 25th, 2008

Henry Paulson and the New Yazoo Land Scandal - A Cautionary Tale About Politicos and Financiers, Michael Hudson, CounterPunch, September 23rd, 2008

America's Own Kleptocracy - The Market and the Terminator Machines, Michael Hudson, CounterPunch, September 20-21, 2008