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Professor Richard Wolff's Economic Update: Yet More Big Bank Misdeeds (audio link)
Listen: http://rdwolff.com/content/economic-update-yet-more-big-bank-misdeeds
by Richard Wolff.
PUBLISHED ON MAY 18, 2014
Updates on US sanctions against Putin aides, relative decline in US median disposable income, stunning "accounting error" by Bank of America, and clever manipulation of US regulators by 15 biggest US banks. Major discussions of declines in discount stores reflecting absence of mass recovery, successes and growth of worker coops in Spain's deep economic crisis. Response to listener question on reverse mortgages and declining quality of jobs in US.
