Lessons of Financial Collapse Can’t Be Ignored
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If the nation ignores the history of what caused the collapse of the financial system, says Phil Angelides,
“We will be doomed to bail it out again.”
Angelides is chairman of the Financial Crisis Inquiry Commission charged with finding the causes and culprits behind the nation’s economic disaster. Speaking at panel discussion this afternoon at the America’s Future Now conference, Angelides said he dubbed the meltdown, “the immaculate financial crisis” because no one on Wall Street, the Big Banks or the deregulating policy makers that controlled the reins of the system, will take responsibility.
There has been almost no reflection by Wall Street over the crisis because the American taxpayers gave them $1 trillion. Wall Street reform is a start, not an end. We have to commit to changes in our financial system so it works for the many, not the few.
On Earth Day, AFL-CIO Launches Green Initiative
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To celebrate Earth Day, the AFL-CIO, together with the leadership of its new Center for Green Jobs, announced a plan to reduce energy consumption, cut down waste and reduce the carbon footprint of its national headquarters.
With green jobs emerging as a top public policy priority, the AFL-CIO is pushing to ensure that the new green jobs created are also good jobs that provide a decent wage and benefits.
Says Jeff Rickert, director of the Working for America Institute’s Center for Green Jobs:
It’s like the old saying goes, the AFL-CIO is thinking globally and acting locally, but doing so in a way that demonstrates how to use strategic investments that help the environment while relying on high-skilled work.
