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Bad Money

Bad Money

By Kevin Phillips
$17.13

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Tag: Greed

Netflix

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Posted on Sep 22, 2011 READ MORE



AP / Pablo Martinez Monsivais

Sorry Elizabeth, Wall Street Said No

Obama’s gutless decision to abandon Elizabeth Warren comes after the president populated his administration with the very people who created the financial meltdown.

Posted on Jul 19, 2011 READ MORE


Bullroar

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Posted on Jul 11, 2011 READ MORE


Shining the Spotlight on the Corporate Pay Gap

As the deficit has exploded, incriminating facts have leaked out showing that many corporations pay more to their executives than they pay in taxes (and many firms pay no corporate income tax at all).

Posted on Jul 1, 2011 READ MORE



Mr. Fish

Why Liberal Sellouts Attack Prophets Like Cornel West

The liberal class, which attempted last week to discredit the words my friend Cornel West spoke about Barack Obama and the Democratic Party, prefers comfort and privilege to justice, truth and confrontation.

Posted on May 22, 2011 READ MORE



Oisin Prendiville (CC-BY-SA)

Throw Out the Money Changers

These are remarks Chris Hedges made in Union Square in New York City last Friday during a protest outside a branch office of the Bank of America.

Posted on Apr 18, 2011 READ MORE


Two Public Pay Standards, One Statement of Values

Decisions by bought-off elected officials highlight a larger corporatist ideology—one that says attracting the best and brightest to the “greed is good” financial industry is more important than attracting that work force to common-good endeavors.

Posted on Feb 25, 2011 READ MORE


To Deter Crime, Get Tough on Wall Street

What would happen if the criminals who destroyed the economy were thrown in jail—or the electric chair? We’ll never know.

Posted on Nov 19, 2010 READ MORE


It’s the Stupidity, Stupid

What could cause the intensifying politics of free-market fundamentalism at the very historical moment that proves the failure of such an ideology? Two new academic studies suggest all roads lead to ignorance.

Posted on Oct 28, 2010 READ MORE


Bad Guys of the Foreclosure Crisis

The crisis over faulty or fraudulent paperwork in mortgage foreclosures—which is either a big deal or a humongous deal, depending on which experts you believe—is the fault of arrogant, greedy lenders who played fast and loose with the basic property rights of homeowners.

Posted on Oct 22, 2010 READ MORE


If I Had a Hammer

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Posted on Oct 8, 2010 READ MORE    


Egads

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Posted on Sep 22, 2010 READ MORE


The Billionaire Right-Winger

It certainly seems unlikely that David Koch has ever encountered any of the folks who turn up at a typical tea party event or that he has ever showed up at a congressional town hall meeting to scream about health care reform. For Koch, the tea partyers are merely pawns.

Posted on Aug 27, 2010 READ MORE



Flickr / The Pug Father (CC-BY)

Google and Verizon Have a Plan to Wreck the Internet

Google and Verizon have decided they would do a better job writing the regulations that govern their Internet businesses, and so the two have come up with a “policy framework” that has progressive groups and net neutrality advocates steamed.

Posted on Aug 9, 2010 READ MORE



U.S. Government via nytimes.com

This Military Contractor Rocks a $100,000 Belt Buckle

David H. Brooks did well enough selling body armor to the military to hire 50 Cent and Aerosmith to play at his daughter’s bat mitzvah. He wore a gem- and diamond-encrusted American flag belt buckle, lest his patriotism come under suspicion. Now he’s on trial for allegedly improperly putting millions on his expense account, for fraud and for insider trading.

Posted on Jul 26, 2010 READ MORE


The Decision

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Posted on Jul 11, 2010 READ MORE


Millions Watch Rich Guy Get New Job

Based on the record ratings for its special featuring LeBron James’ announcement of his new team, ESPN announced that instead of airing NBA games, it would schedule two-hour specials showing the rich guy cashing his ginormous paychecks.

Posted on Jul 11, 2010 READ MORE



AP / Julie Jacobson

How Baseball Became America vs. the Damn Yankees

Baseball has always proceeded according to the law of the jungle with the Yankees as King Kong, but in the past even they never dominated financially as they do now.

Posted on May 19, 2010 READ MORE



Flickr / david.nikonvscanon (CC-BY)

The Crime of Our Time

Danny Schechter’s new movie, “Plunder: The Crime of Our Time,” tells the story of the economic collapse as “a crime narrative as opposed to a mistakes narrative.”

Posted on May 5, 2010 READ MORE



Flickr / david.nikonvscanon (CC-BY)

The Crime of Our Time

Danny Schechter’s new movie, “Plunder: The Crime of Our Time,” tells the story of the economic collapse as “a crime narrative as opposed to a mistakes narrative.”

Posted on May 5, 2010 READ MORE



Flickr / FAB O LENS

China Has Second-Most Billionaires, Behind U.S.

Well, that didn’t take long. China now has more billionaires (89 if you include Hong Kong) than any other country except for the U.S., which, to be fair, has been working overtime to transfer wealth upward. Unlike the U.S., the Chinese government has promised to distribute its bounty to “make our society fairer and more harmonious.”

Posted on Mar 11, 2010 READ MORE


Competition in Ignominy

There is a lot of money to be made by big international banks in impoverished small, and even medium-size, countries in times of world crisis.

Posted on Mar 2, 2010 READ MORE



AP / Bebeto Matthews

‘Say on Pay’ Won’t Prevent Bonus Gluttony

Like many of us, President Barack Obama is outraged by how out of control executive compensation is, but his plan to fix the problem simply won’t work.

Posted on Feb 18, 2010 READ MORE



AP / Petros Giannakouris

It’s Greek to Goldman Sachs

“What is this Goldman Sachs and why has it caused us so much grief?” is a question they must be asking in even the most remote of Greek villages, as they are throughout much of this economically troubled world.

Posted on Feb 17, 2010 READ MORE



AP / Laura Rauch

Profiting From Immigration Injustice

Business is booming in Arizona, thanks to a disturbing federal immigration program that transfers millions of taxpayer dollars to a private prison company, parasitic attorneys and other opportunists.

Posted on Feb 14, 2010 READ MORE



White House / Pete Souza

Wall Street Wants a Refund

“Buyer’s remorse” is the way Sen. John Cornyn, the Senate Republicans’ fundraiser, gleefully refers to Wall Street moguls’ current disenchantment with the U.S. president they thought they had bought.

Posted on Feb 10, 2010 READ MORE


Blankfein
AP / Mark Lennihan

Goldman’s Hand in AIG’s Collapse

Recently disclosed internal documents and an audio recording regarding a 2008 securities standoff between Goldman Sachs and insurance giant AIG appear to be the smoking guns necessary to pinpoint Goldman’s culpability in the mortgage meltdown and the collapse of AIG.

Posted on Feb 6, 2010 READ MORE


Limbaugh Wonders Why Jews, AKA ‘Money People,’ Aren’t Fed Up With Obama

“To some people, banker is codeword for Jewish,” explains Rush, who wants to know whether these “money people” have any “buyer’s remorse” about President Obama. After all, he says, taxes are “anathema to Jewish people.”

Posted on Jan 20, 2010 READ MORE


Bull Mechanics

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Posted on Jan 14, 2010 READ MORE    



White House / Pete Souza

The End of Wall Street Liberalism

If you held a contest to pick the worst thing a politician could be called at this moment, my nominee would be Wall Street Liberal—which is why President Obama’s new fees on the biggest banks comes just in time.

Posted on Jan 13, 2010 READ MORE


First Infidels

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Posted on Jan 11, 2010 READ MORE    



AP / Richard Drew

Wall Street Will Be Back for More

When the bailout trillions run out, Wall Street’s maladjusted gamblers will come back for more until our currency becomes junk. Not that any of these people, who exhibit the same traits as psychopaths, have thought this through.

Posted on Jan 10, 2010 READ MORE


Happy New Year From Wall Street

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Posted on Dec 31, 2009 READ MORE



Flickr / saebaryo

Goldman Sachs Duped Investors, Investigation Finds

McClatchy reporters have been digging into the shady offshore dealings of Goldman Sachs and what they found in the records of the financial-meltdown villain is as maddening as you’d expect. (continued)

Posted on Dec 30, 2009 READ MORE


Move Your Money

The filmmaker who gave us “Why We Fight” has crafted this powerful call to action out of scenes from “It’s a Wonderful Life” and documentary footage.

Posted on Dec 30, 2009 READ MORE


Is It Time for Financial Institutions to Give Back?

It seems plausible that payback time has arrived for the international financial community. The principal obstacle here is, at the moment, the Obama administration.

Posted on Dec 1, 2009 READ MORE


DemocracyNow

Throw the Money Changers Out of the Temple

Wall Street profits are an obscene affront to Scripture, as Robert Scheer details in an interview with Amy Goodman on “Democracy Now!”

Posted on Nov 19, 2009 READ MORE



White House / Pete Souza

TARP on Steroids

The former financial executives inside the Obama administration have labeled their bill the “Financial Stability Improvement Act,” but it’s more like the 9/11 of bailouts.

Posted on Oct 29, 2009 READ MORE



nydailynews.com

Billionaire Arrested for Alleged Insider Trading

Billionaire hedge fund founder Raj Rajaratnam was arrested Friday and charged  with running the largest hedge fund insider-trading scheme in history. Charged with Rajaratnam, founder of Galleon Group, were executives of several prestigious U.S. companies.

Posted on Oct 17, 2009 READ MORE


Night of the Living Deadbeats

Zombies have made a pop culture comeback. It might have something to do with all the undead banks and the bankers whose careers live on after the economic apocalypse they caused.

Posted on Oct 8, 2009 READ MORE


Too Big to Jail

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Posted on Sep 25, 2009 READ MORE


Charity Should Begin With Charities

If the uninsured can’t count on the do-gooders to help them, where else can they turn?

Posted on Sep 24, 2009 READ MORE


Who Is Obama Playing Ball With?

It looked like it was business as usual for President Barack Obama on the first day of his vacation, as he spent five hours golfing with a top executive from UBS, a bank that sheltered wealthy tax dodgers while hardworking U.S. taxpayers were bailing it out.

Posted on Aug 25, 2009 READ MORE


®IP Michael Jackson

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Posted on Aug 11, 2009 READ MORE


The Me-First, Screw-Everyone-Else Crowd

Thanks to the Khaki Pants Offensive in the Great American Health Care and Tax War, finally, there’s no pretense. Finally, the Me-First, Screw-Everyone-Else Crowd’s ugliest traits are there for all to behold.

Posted on Aug 7, 2009 READ MORE


Cash for Clunkers

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Posted on Aug 6, 2009 READ MORE



Flickr / Klearchos Kapoutsis

Blame the Midas Touch

If one tries to draw an urgently contemporary lesson from Greek myth, the story of Midas is irresistible. It provides a commentary on our global economic and financial crisis, in which the pursuit of wealth has ruined us.

Posted on Jul 16, 2009 READ MORE


Health Insurance Whistle-Blower Knows Where the Bodies Are Buried

Wendell Potter is the health insurance industry’s worst nightmare. He’s a whistle-blower. Potter, the former chief spokesperson for insurance giant CIGNA, recently testified before Congress, “I saw how they confuse their customers and dump the sick—all so they can satisfy their Wall Street investors.”

Posted on Jul 14, 2009 READ MORE



Flickr / antiparticle

Goldman Sachs Execs Dumped Stock Like Crazy

Goldman Sachs is expected to announce a windfall quarter, thanks no doubt to billions in bailout money, but many people at the firm aren’t puffing their chests out. According to the Financial Times, Goldman executives dumped close to $700 million in stock between September 2008 and April 2009—after taxpayers came to the rescue.

Posted on Jul 13, 2009 READ MORE



Flickr / eflon

AIG Gets Back to Bonuses

The closest we’ve come to a pitchfork moment in this whole economic crisis was the last time AIG tried to shower its employees with bonuses. You may recall that the financial giant was rewarded with $180 billion in federal funds after losing more money than any company ever did before and helping to ruin the world economy. Well, they’re at it again.

Posted on Jul 9, 2009 READ MORE


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