Big Institutions—Immunities, Impunities and Insanities by Ralph Nader

Solidarity (2 of 25)

Image by Glenn Halog via Flickr

Dandelion Salad

by Ralph Nader
The Nader Page, Sept. 26, 2017
September 28, 2017

One of the first times I used the phrase “institutional insanity” was in 1973 to describe the behavior of scientist Dixy Lee Ray, chairperson of the presumed regulatory agency, the Atomic Energy Commission (AEC). I pointed out that her personal and academic roles were quite normal. But her running of the AEC—pressing for 1,000 nuclear plants in the U.S. by the year 2000 (there are 99 reactors left in operation now), and going easy on a deadly, taxpayer subsidized technology that was privately uninsurable, lacked a place to put its lethal radioactive wastes, a national security risk, replete with vast cost over-runs, immunities and impunities shielding culpable officials and executives, should a meltdown occur and take out a city or region (all to boil water to produce steam to make electricity)—was a case study in “institutional insanity.”

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Global Power Project, Part 8: Banking on Influence with Wells Fargo by Andrew Gavin Marshall

Abolish student debt! #occupywellsfargo #a23 #wellsfargo #occupysf #ows #oo

Image by Steve Rhodes via Flickr

by Andrew Gavin Marshall
Writer, Dandelion Salad
http://andrewgavinmarshall.com
Originally published on Occupy.com
July 31, 2013

Just recently, in late July, Wells Fargo surpassed the Industrial and Commercial Bank of China (ICBC) as the world’s largest bank by market capitalization. This followed Wells Fargo reporting a 19% increase in profits over the second quarter as the bank has been busy consolidating the housing market while other big banks have retreated from it. Wells Fargo had amassed a share of almost 40% of the U.S. mortgage market by early 2013.

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