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Technology & Innovation

Is Wall Street a Ponzi Scheme?

Bernie Madoff languishes in jail; bankers continue to profit as the poor lose their homes. Stealing from the rich is punished more than stealing from the poor, says Danny Schechter.

The political right prefers to change the subject, while the left does not seem to have the time or energy to make economic justice its principal concern—even as polls show the economy is the number one problem for most in the U.S. Progressives should hang their heads in shame at the minimal amount of activism taking place against the banks and the escalating numbers of foreclosures. Homes and hope are being stolen from people for whom the term “depression” now has a personal, as well as economic, meaning.


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