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by Fidel Castro (Author), David Deutschmann (Editor)
$13.57
$19
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AP/Charles Dharapak
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By Robert Scheer — Here’s a get-out-of-jail-free card, and while we’re at it, take this obscenely huge bonus for having wrecked the economy.
Posted on Feb 1, 2013
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Flickr/Fortune Live Media
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A group of corporate CEOs that contributed to the burgeoning deficit crisis want the poor and elderly to largely pay for the mess the greedy Wall Street fat cats helped create.
Posted on Nov 26, 2012
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kevin dooley (CC BY 2.0)
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A group of CEOs led by Macy’s Terry Lundgren calling itself the Fix the Debt coalition is hoping for a deficit-busting austerity budget this holiday season—not a program to create American jobs.
Posted on Nov 22, 2012
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AP/Scott Applewhite
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In late 2008, Neil Barofsky was appointed the Treasury Department’s investigator of the bank bailouts. In the time since, he has suffered dismissal and deprecation from his colleagues and the corporations they’re supposed to regulate.
Posted on Aug 4, 2012
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kullez (CC BY 2.0)
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Traditional investigations by regulators of all the suspect hanky-panky in the banking industry have produced nothing in the way of fundamental reform and protected the worst repeat offenders. So why not bribe big bankers to turn one another in?
Posted on Jul 21, 2012
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By David Sirota — New York Gov. Andrew Cuomo is using his power to undermine a popular proposal to increase the minimum wage.
Posted on May 25, 2012
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bbc.co.uk
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Yes, as a high-level executive for Goldman Sachs for more than a decade, Greg Smith was part of the toxic culture he decried in the resignation letter printed in Wednesday’s New York Times and re-posted around the world. Thus, he was part of the problem.
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AP / Mark Lennihan
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We’re guessing that outgoing Goldman Sachs executive director Greg Smith’s last day on the job Wednesday was pretty awkward, given what he had to say about his employer in a scorching Op-Ed article printed in The New York Times for the occasion.
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Those of us who have stood aghast and watched as Goldman Sachs seemed to sail almost unscathed through the erupting economic catastrophe of the last two years (thank you, bailout!) might stop now for a moment of pure schadenfreude, as the megabank’s profits took a precipitous dive in the second quarter of this year.
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The oil well spill that’s spewing 250,000 gallons of oil daily into the Gulf of Mexico is reaching shores and waterways now. Is “Drill, Baby, Drill” over now? Who will pay the political price? That same question can be asked in light of the Arizona immigration law: Who wins? Who loses?
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AP / Charles Dharapak
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By Robert Scheer — It was the Perry Mason moment in the unraveling of what was left of Goldman Sachs’ reputation. Only in this case, it involved a grizzled former prosecutor, Sen. Carl Levin, rather than a genial defense attorney.
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Step right up and you’ll see spectacles that will amaze from Tuesday’s face-off between senators and Goldman Sachs boss men, such as the awesome Fabrice Tourre denying “categorically” that he misled clients by selling them mysterious bundled financial entities tied to doomed mortgages.
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AP / Charles Dharapak
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Tuesday was not a fun day to be a top executive at Goldman Sachs. Sen. Carl Levin and his posse from the Permanent Subcommittee on Investigations made sure of that during a lengthy interrogation session, which included quite a zinger ... (continued)
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Fake news by Andy Borowitz —
A Treasury Department spokesperson said that by performing community service as treasury secretary, Lloyd Blankfein will do less harm to the economy because he will have significantly less power than he had as chairman of Goldman.
Posted on Apr 25, 2010
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AP / Mark Lennihan
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Was there ever a time when Goldman Sachs was more, um, ethical and client-centric than greedy and profit-driven, as its reputation now suggests? That’s debatable, but whatever its previous corporate ethos might have been, all signs point to Goldman’s current chairman and CEO, Lloyd Blankfein, as the major driving force behind the firm’s push for building bigger profits quicker these days.
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Flickr / antiparticle
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Goldman Sachs has had a record year in terms of employee earnings—The Wall Street Journal says Goldman’s 31,000 worker bees brought in an average of more than $700,000 each in 2009—and that would be better news for the firm if it hadn’t been on the receiving end of major federal funding from last year’s bailout.
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AP / Jose Luis Magana
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By Robert Scheer — Jail, anyone? Perhaps that’s too harsh, and at any rate premature, but is anyone ever going to be held accountable for the behind-the-scenes sweetheart deals that passed tens of billions of taxpayer dollars through the AIG shell game to the very banks that caused the financial meltdown?
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