News Release

Economic Crisis


Protests are planned today around the United States. Among the organizers:

Arun Gupta, citizen organizer, New York City
Cesar Maxit,
Andrew Boyd, citizen organizer, New York City
Matt Holland,
David Elliot,

Available for a limited number of interviews, Ferguson is professor of political science at the University of Massachusetts, Boston. He is the author of Golden Rule: The Investment Theory of Party Competition and the Logic of Money-Driven Political Systems (University of Chicago Press).

He recently co-wrote a piece titled “Bridge Loan to Nowhere.”

Ferguson said today: “Whether the public has any chance of getting its money back is critical. There is no reason why the government should get anything less for our money than Warren Buffett did from Goldman Sachs. In the Swedish banking rescue that many are talking about, the government lost money on the ‘bad bank’ that bought all the junk but made out very well when it sold back the bank stock it had gotten as part of the deal. …. [The White House] wants the banks to get all the upside.”

Cray is director of the Center for Corporate Policy. He was recently interviewed by the American News Project.

Anderson just wrote the piece “The Bailout and CEO Pay: What’s ‘Excessive’?
She is director of the Global Economy Project at the Institute for Policy Studies and is co-author of the book Field Guide to the Global Economy.

Collins is senior scholar at the Institute for Policy Studies, where he coordinates the Working Group on Extreme Inequality. He recently wrote “Tax the Speculators: A Fair Plan to Pay for Recovery.”

DAVID KORTEN, via Susan Gleason
Korten just wrote the piece “Main Street Before Wall Street.” He is author of When Corporations Rule the World and The Great Turning: From Empire to Earth Community. He is co-founder and board chair of YES! Magazine.

For more information, contact at the Institute for Public Accuracy:
Sam Husseini, (202) 347-0020; or David Zupan, (541) 484-9167