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Tag: Wall Street


The Verdict Is In: Wall Street Is Pretty Much Useless

A writer poses an important question: Does Wall Street do anything useful?; researchers are befuddled by some people’s love of chilies, fruits that were “made to repel”; meanwhile, technology has created a crisis of masculinity similar to that of the industrial era. These discoveries and more after the jump.

Posted on Sep 7, 2016 READ MORE


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Taxpayers Are Subsidizing Bonuses for Wall Street CEOs

A little-known section of the U.S. tax code “created a legal process by which publicly held companies can lower their tax bills by boosting CEO pay,” reports George Zornick at The Nation. (Pictured: John Stumpf, Wells Fargo chairman and CEO.)

Posted on Sep 5, 2016 READ MORE



It Takes a Ruling-Class Village to Staff the White House

Forget all the populist talk we’ve been hearing from Hillary Clinton and her cohorts, and follow the money to find out where the ruling elite’s loyalties truly lie.

Posted on Aug 28, 2016 READ MORE



Clinton and Trump Are Rich and Pals of the Rich—and That Could Be a Huge Problem for the Nation

Whatever the differences between the two nominees, either will function as an emissary of the powerful who control America. That’s the conflict of interest we all should be talking about.

Posted on Aug 21, 2016 READ MORE



Trumpism: Made in the United States by Republican Hate and Democratic Hypocrisy

Mainstream Democrats have exaggerated the extent of white working-class support for Donald Trump. They also fail to understand the sources of the white proletarian Trumpism that do exist.

Posted on Aug 16, 2016 READ MORE



With Trump Sure to Lose, Forget About a Progressive Clinton

“What seems most plausible from the current standpoint is a landslide for Clinton, and with it the triumph of complacent neoliberal orthodoxy,” writes Thomas Frank at The Guardian.

Posted on Aug 15, 2016 READ MORE


John Oliver: We Should Be Worried About the Subprime Car Loan Bubble That’s About to Burst (Video)

In a scary and important episode, the “Last Week Tonight” host sounds a warning about a boom in subprime automobile loans that promises to make “your eye twitch with flashbacks to the mortgage crisis.”

Posted on Aug 15, 2016 WATCH & LISTEN


Why a Tax on Wall Street Trades Is a Great Idea (Video)

By Robert Reich / RobertReich.org

One of Bernie Sanders’ most important proposals didn’t receive enough attention and should become law.

Posted on Aug 14, 2016 WATCH & LISTEN



Progressives Urge Clinton Not to Appoint a Wall Street Cabinet

The Democratic presidential nominee should tap “executive branch appointees with a documented record of fighting for the public interest,” say progressives who recognize that “personnel is policy.”

Posted on Aug 11, 2016 READ MORE



Comments of the Week: Getting Down to Business

The national mood is charged with tension and anticipation, and this latest roundup of notable and quotable comments certainly picked up on it.

Posted on Aug 10, 2016 READ MORE



Forget Clinton’s and Trump’s Plans for the Economy: It’s Time to Erase Debt and Create Jobs

More than 100 years ago, Congress surrendered the power to create money to private banks. If we take it back, we can extinguish debt, rebuild public infrastructure and propel the economy forward like a rocket.

Posted on Aug 5, 2016 READ MORE



The Democratic Convention Film on Hillary Clinton Lied to America

The short movie claimed that the Children’s Defense Fund was the essence of Clinton’s early career—and avoided the ugly fact that she betrayed the beneficiaries of that fund and all children in poverty, beginning as first lady of Arkansas.

Posted on Aug 1, 2016 READ MORE



‘Equity’ Film Review: Women Bare Their Teeth in Wall Street’s Shark Tank

This female-driven thriller, starring Anna Gunn of “Breaking Bad” fame, is a study of a cutthroat species in its natural habitat and plays on expectations and conventions with some surprising twists.

Posted on Jul 28, 2016 READ MORE


Robert Scheer Questions Lawrence Summers and Michael Blumenthal on the 2008 Financial Crash (Video)

On Day 3 of the Democratic National Convention, Truthdig’s editor in chief confronted the two former Treasury secretaries about the role financial deregulation played in the Wall Street crash.

Posted on Jul 27, 2016 WATCH & LISTEN



The 1 Percent’s Useful Idiots

Bernie Sanders, by capitulating to the corporate machine, sold us out. By calling on us to accept “reality,” he mocked the reality his followers made possible. We will have to carry out the political revolution on our own.

Posted on Jul 26, 2016 READ MORE



The Most Surprising Aspect of the GOP Platform? A Call to Revive Glass-Steagall

Donald Trump and archnemesis Sen. Elizabeth Warren of Massachusetts actually agree on this banking policy proposal.

Posted on Jul 21, 2016 READ MORE



Bernie Sanders’ Endgame Is an Opportunity for the Radical Left

The fundamental premise of Sanders’ campaign—that his “political revolution” can be accomplished within the confines of capitalism—is incorrect. That will soon be clear.

Posted on Jul 20, 2016 READ MORE



Berned Out? Don’t Mourn—Organize

Fighting to uphold our values is a lifetime commitment and requires year-round work. If we want Bernie Sanders’ stated goals to be realized, we have to work hard to manifest them.

Posted on Jul 14, 2016 READ MORE



Denmark Is One of the Biggest Victims of Wall Street Tax Avoidance Deals

The complex transactions add up to a major loss of revenue from dividend taxes.

Posted on Jul 14, 2016 READ MORE



Et Tu, Bernie?

It is one thing to hold one’s nose and vote for Hillary Clinton as the lesser evil. It is quite another to suddenly absolve the Clintons, who have, as Bernie Sanders repeatedly pointed out, contributed so much to the national crisis.

Posted on Jul 12, 2016 READ MORE



Revealed: How Wall Street and the Government Profit From Student Debt

In a riveting article by The Center for Investigative Reporting, authors James B. Steele and Lance Williams detail how indebted students suffer as others cash in.

Posted on Jun 29, 2016 READ MORE



2008 All Over Again

Great Britain’s decision to leave the European Union presages perhaps another global financial meltdown. Banks will again demand massive bailouts. We will be forced to again swallow austerity measures, and there will be a continued decline in living standards.

Posted on Jun 24, 2016 READ MORE



New Clinton Endorsements Prompt Questions About Where She Stands

Many Wall Street leaders have expressed their distaste for a potential Elizabeth Warren vice presidency, but some think otherwise. And Wednesday’s thumbs-up by a top George H.W. Bush adviser is also raising eyebrows.

Posted on Jun 22, 2016 READ MORE


Thomas Frank: The U.S. Economy Will Get Worse Under Hillary Clinton

As Clinton exploit fears of a Trump presidency to gain the favor of American voters, author Thomas Frank reminds “Democracy Now!” audiences of the “class solidarity between the kind of people that fill Democratic administrations these days” and “the people on Wall Street.”

Posted on Jun 22, 2016 WATCH & LISTEN



Public Banks as the Antithesis of Neoliberalism

Public banks give people the right to share in sustainable abundance—a goal that neoliberalism makes impossible.

Posted on Jun 15, 2016 READ MORE


AUDIO: Robert Scheer Speaks With Nomi Prins About the Connection Between Washington and Wall Street

In this week’s “Scheer Intelligence”—the Truthdig editor in chief’s podcast on KCRW—author, journalist and former investment banker Nomi Prins explains the culture of Wall Street and its influence on government.

Posted on Jun 1, 2016 WATCH & LISTEN



Guess Which Presidential Candidate Top CEOs Prefer? Hint: It’s Not Donald Trump

More than half of Fortune 500 executives said they’d choose Hillary Clinton over Trump in a hypothetical general election.

Posted on Jun 1, 2016 READ MORE



Bernie Sanders Slams The New York Times for Ignoring ‘Real Issues’

“I have a real problem with The New York Times, which from day one has been trying to be very dismissive of our campaign and has been very negative about our campaign,” Sanders told “Meet the Press” on Sunday.

Posted on May 30, 2016 READ MORE



Big Pharma Is Pushing Prescription Drug Prices Up, Up, Up

Wall Street’s drive for profits is diminishing the benefits to society of new life-enhancing medications for which companies can charge patients hundreds of thousands of dollars per year.

Posted on May 25, 2016 READ MORE



Why Bernie Sanders Should Stay in the Race—and How He Can Win

By joining forces with the Green Party’s Jill Stein, the Vermont senator would pose a formidable independent challenge to both Donald Trump and Hillary Clinton, two of the major parties’ most unpopular candidates in recent history.

Posted on May 13, 2016 READ MORE


Hillary Clinton Protesters in East L.A. Would Rather ‘Deport Her’ Than Support Her (Multimedia)

By Eric Ortiz

Demonstrators did not appreciate the Democratic presidential candidate’s appearance in the Mexican-American community on Cinco de Mayo and accused her of pandering to Latinos.

Posted on May 10, 2016 WATCH & LISTEN



Greece Bailout Was for EU Banks: Study Confirms That Rescue Loans Didn’t Serve the Greek People

“The only reason why they effected this so-called bailout of Greece was to save their own banks and to present this as solidarity with Greece.”

Posted on May 5, 2016 READ MORE



Wall Street Stock Loans Are Draining $1 Billion a Year From German Taxpayers

Carefully timed deals help big money managers skirt dividend taxes in 20 countries, confidential documents show.

Posted on May 4, 2016 READ MORE



Keeping Wall Street Speeches Secret Speaks Volumes About Hillary Clinton

A watchdog website is tracking the time since she promised she’d “look into” releasing the transcripts, but all she and her surrogates have done is unleash a cascade of excuses, obfuscations and evasions.

Posted on May 1, 2016 READ MORE



Once-Undocumented Wall Street Executive Now Is Helping Others Live the American Dream

Julissa Arce worked for seven years at Goldman Sachs as an undocumented immigrant. Now she is an American citizen fighting for immigration reform, and her incredible story may soon become a TV series. 

Posted on Apr 20, 2016 READ MORE


Hillary Speeches









Posted on Apr 19, 2016 ENLARGE


Hillary Speaks Her Mind to Wall Street









Posted on Apr 18, 2016 ENLARGE



Fact-Checking Clinton: Obama Never Said Money Wasn’t Corrupting—He Said the Opposite

In Thursday’s debate, she invoked the president to deflect Bernie Sanders’ criticism that voters should “not feel confident” about her, given her dependence on “big-money interests.”

Posted on Apr 15, 2016 READ MORE



They Exist: ‘Bankers for Bernie’ Fight for Sanders in New York

A group of high-profile Wall Street figures “are prepared to abandon pure self-interest and embrace the radical financial reforms espoused by Bernie Sanders.”

Posted on Apr 15, 2016 READ MORE


Bernie Sanders Rallies New York at the Gates of the Financial Establishment (Video)

“There are a lot of people here tonight!” the presidential contender shouted to an estimated 27,000 people in Manhattan’s Washington Square Park on Wednesday, ahead of New York’s primary Tuesday.

Posted on Apr 14, 2016 WATCH & LISTEN



Ahead of New York Primary, Bernie Sanders Calls Hillary Clinton’s Judgment ‘Clearly Lacking’ (Video)

Sen. Sanders made the comment on “Meet the Press” in the wake of his double-digit win Saturday in the Wyoming caucus.

Posted on Apr 10, 2016 READ MORE



Actually, Bernie Sanders Does Have a Clear Plan for How to Break Up Too-Big-to-Fail Banks

His campaign and analysts counter the media frenzy that says Sanders has no plan and call into question the New York Daily News interview that sparked it.

Posted on Apr 6, 2016 READ MORE


‘Days of Revolt’: Wall Street Criminals and the Future of Our Economy (Video)

In the second part of an interview from teleSUR’s “Days of Revolt,” Truthdig contributor Chris Hedges continues his discussion of “junk economics” with professor Michael Hudson.

Posted on Apr 1, 2016 WATCH & LISTEN


‘Days of Revolt’: Chris Hedges, Michael Hudson Discuss How We Got to Junk Economics (Video)

The federal debt has exceeded $19 trillion. One reason for the record-high figure is a gigantic Ponzi scheme that defines the U.S. and global economies.

Posted on Mar 24, 2016 WATCH & LISTEN



Who’s Pumping Money Into the 2016 Election? Hedge Fund Heads

New analysis by Reuters shows that Hillary Clinton and Ted Cruz are the biggest recipients of hedge fund managers’ donations.

Posted on Mar 10, 2016 READ MORE



Would This Man Be Hillary Clinton’s Treasury Secretary?

BlackRock Inc. is the world’s largest manager of financial assets—five times larger than Goldman Sachs. And its CEO, Larry Fink, and his team are poised to take over a Clinton Treasury Department.

Posted on Mar 3, 2016 READ MORE



Occupy Hillary Clinton’s Wall Street Speeches

Why do voters need to know what Hillary told the banks? Because it was Wall Street that was responsible for the 2008 recession, making life worse for most Americans. We need to know what, if anything, she promised these behemoths.

Posted on Feb 29, 2016 READ MORE



The Graveyard of the Elites

The establishment structure is sliding toward its death, and the foremost sign of this is the silly and sickening display of “junk politics” that we call an election campaign.

Posted on Feb 28, 2016 READ MORE


VIDEO: ‘Days of Revolt’: Chris Hedges and Jill Stein Confront the ‘Corporate Leviathan’

In the first installment of this two-part series for teleSUR’s “Days of Revolt,” host and Truthdig columnist Chris Hedges and Green Party presidential candidate Dr. Jill Stein identified the problem: the “corporate leviathan,” a bought two-party political system. In this episode, they discuss solutions.

Posted on Feb 24, 2016 WATCH & LISTEN


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