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Tag: Wall Street


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



Live Chat: Robert Scheer on the Goldman Hearings

Will the Goldman Sachs hearings really accomplish anything? Are the Democrats just showboating? What are the prospects for real financial reform? Robert Scheer answers these reader questions and more.

Posted on Apr 29, 2010 READ MORE


It Takes Power to Control Power

Discredited as the financial powers are, their wealth alone continues to provide them with wildly disproportionate influence over the political process.

Posted on Apr 28, 2010 READ MORE


ENTER_ALT_TEXT

Goldman Sachs Bigwigs Dispute Charges

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.

Posted on Apr 27, 2010 READ MORE


NYSE
AP / Henny Ray Abrams

GOP Drafting Rival Financial Reform Bill

Senate Republicans are hoping that, when it comes to their Democratic opponents, if they can’t beat ’em, they can at least make up their own financial reform bill to thwart ’em. One pesky problem with the GOP’s approach is ... (continued)

Posted on Apr 26, 2010 READ MORE


Party Crasher

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Posted on Apr 25, 2010 READ MORE


Left, Right & Center

‘Left, Right & Center’: Obama the Naive?; Defending Banking

This week’s show certainly gets lively as the panelists debate whether Wall Street’s work benefits the nation—and the world at large—or just its denizens’ own bank accounts. Also, they take up Obama’s performance as Wall Street’s pied piper and engage in another on-air tussle over the Catholic Church’s crisis.

Posted on Apr 23, 2010 READ MORE


Titan Over Wall Street

Perhaps Obama could have scored more popularity points if he had ordered a few financiers to be led out of the Cooper Union auditorium in handcuffs.

Posted on Apr 22, 2010 READ MORE



Live Chat: Robert Scheer on Goldman Sachs

Read a full transcript of Robert Scheer discussing with readers his latest column, the crooks at Goldman Sachs and the prospects of financial reform.

Posted on Apr 22, 2010 READ MORE


Obama
AP / Alex Brandon

Obama Pitches Financial Reform to Wall Street Execs

President Obama spoke before a group of fat cats—or rather, “titans of industry,” as he called them—from Wall Street on Thursday at Cooper Union in New York City, the same site where he’d delivered his pre-bailout, pre-presidential speech on the economy two years ago, in an attempt ... (continued)

Posted on Apr 22, 2010 READ MORE


Just Doing My Job

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Posted on Apr 21, 2010 READ MORE


Bull Market

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Posted on Apr 21, 2010 READ MORE


Goldman’s Shell Game

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Posted on Apr 19, 2010 READ MORE


Dodd
AP / Susan Walsh

Lame Bill From a Lame Duck

If you think health care reform has been an unsatisfying test of the government’s ability to deal with our pressing problems, brace yourself for bigger disappointment in its attempt to bridle Wall Street. This is when the true heavies go to work, and, as opposed to the medical industry lobby, the moneychangers fear not the wrath of their clients or, as Scripture tells, any higher power.

Posted on Mar 16, 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



Free Umbrella Edition

Inside Citibank’s homophobia, how to clean art with tattoo removal lasers, and populism with brains. All this and more after the jump.

Posted on Mar 2, 2010 READ MORE



Millennial Edition

Why the brain forgets things on purpose, the ugliest fish in the world, and finding out how millennial you are. These discoveries and more after the jump.

Posted on Feb 26, 2010 READ MORE


Treasury Department
AP / Evan Vucci

No Banker Left Behind

They do have a license to steal. There is no other way to read Tuesday’s report from the New York state comptroller that bonuses for Wall Street financiers rose 17 percent to $20.3 billion in 2009. Of course that is less than the $32.9 billion for bonus rewards back in 2007, when those hotshots could still pretend that they were running sound businesses. 

Posted on Feb 23, 2010 READ MORE


Money Never Sleeps

Another ‘Wall Street’ Sequel Trailer: Money (Still) Never Sleeps

This “Wall Street: Money Never Sleeps” trailer is, thankfully, lower on the cheesy scale than its predecessor teaser, and shows more from the human interest angle—also a good idea. Scenery chewing does not a great sequel make, and we’re getting our hopes up for this one. Take a look after the jump.

Posted on Feb 19, 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



Flickr / World Economic Forum

My Big Fat Wall Street Bankers

The logic of global capitalism is everywhere. New investigations are showing that the same Wall Street tactics—and companies—that ushered our own economy to economic collapse have emerged to exacerbate Greece’s current financial crisis.

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


Wall Street
Wikimedia Commons / Martin St.-Amant

Wall Street Fat Cats Revolt, Send Money to GOP

In case it wasn’t made perfectly clear in recent months how the American political system actually operates on its uppermost levels, here we have an object lesson to consider: Upset by the notion that the Obama administration might be working on regulating the financial industry next, some of Wall Street’s bigwigs are now focusing their funding efforts on the GOP.

Posted on Feb 8, 2010 READ MORE


Spitzer and Colbert

‘Colbert Report’: Eliot Spitzer Has Nothing to Lose

Eliot Spitzer is attempting to work his way back into the public’s good graces, and the former New York governor braved “The Colbert Report” on Tuesday night, only to be roundly “condemned” by Stephen Colbert. However, Spitzer has a certain likability, Colbert admitted, which might have something to do with having nothing to hide anymore. (continued)

Posted on Feb 3, 2010 READ MORE


Volcker
AP / Gerald Herbert

Volcker Rules

Finally President Barack Obama has come to his senses on financial regulation. His endorsement of what he calls the “Volcker Rule” for once puts him squarely on the side of ordinary Americans as opposed to the banking bandits who have so thoroughly fleeced the public.

Posted on Feb 2, 2010 READ MORE


Obama's arrival
White House / Pete Souza

Nice Speech. Now What?

Words won’t put people to work. Not even Obama’s eloquence—and he did reach that point on occasion—will be enough to inject courage into the gutless Democrats running from a mild heath care reform bill. Nor will words turn Republicans away from the unrelenting opposition they think will bring down the Democrats.

Posted on Jan 28, 2010 READ MORE


Why Obama Must Take On Wall Street

It has been more than a year since all hell broke loose on Wall Street, and even after the State of the Union, almost nothing has been done to prevent all hell from breaking loose again.

Posted on Jan 28, 2010 READ MORE


Obama
AP / Alex Brandon

The Sorry State of the Union

The state of the union is just miserable, no matter how President Obama sugarcoats it. He will claim that progress has been made in stabilizing the markets, increasing national security and advancing toward meaningful health care reform, but he will be wrong on all three counts.

Posted on Jan 27, 2010 READ MORE


Bernanke
AP / Susan Walsh

Good Bernanke News Gives Wall Street a Boost

Well, it’s good news for Mr. Bernanke, at least: The U.S. stock market did better Monday than it had in the last three days of trading, thanks in part to signs that Federal Reserve Chairman Ben Bernanke’s support in the Senate appeared solid. The sunny quarterly report from Apple Inc.—coming just days before the company was expected to make a major announcement—also helped reverse last week’s slide.

Posted on Jan 25, 2010 READ MORE


Obama
bbc.co.uk

Obama Talks Tough on Banking Reform

In case you hadn’t noticed, not a heck of a lot has changed on Wall Street in the last year, despite various banking behemoths’ successful pleas for federal aid to float them out of the recession they were instrumental in creating. Well, that’s about to change—or so President Barack Obama says, at least. 

Posted on Jan 21, 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


MLK and Malcolm X
AP / Henry Griffin

Turning King’s Dream Into a Nightmare

Martin Luther King Day has become a yearly ritual to turn a black radical into a red-white-and-blue icon. It has become a day to celebrate ourselves for “overcoming” racism and “fulfilling” King’s dream. It is a day filled with old sound bites about little black children and little white children that, given the state of America, would enrage King.

Posted on Jan 17, 2010 READ MORE


Left, Right & Center

‘Left, Right & Center’: Tragedy in Haiti; the Evils of Wall Street

Is the tragic story of the Haiti earthquake as much about poverty and failed governance as it is about a natural disaster? Is the Banking Commission a kangaroo court? And what does the Massachusetts special election have to do with the future of the health care plan in Congress? All this and more on this week’s episode of “Left, Right & Center.”

Posted on Jan 15, 2010 READ MORE


Bull Mechanics

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Posted on Jan 14, 2010 READ MORE    



commons.wikimedia.org / Ramy Majouji

Obama Wants a Wall Street Recovery Tax

President Barack Obama wants to slap a new tax on the country’s largest financial institutions in an ostensible attempt to “recover every single dime” given away in 2008’s Wall Street bailout. The tax was met with predictable fat-cat jeers, despite the fact that the industry has largely recovered from the crisis. 

Posted on Jan 14, 2010 READ MORE


banking protest
AP / Mark Lennihan

Reich Urges Obama to ‘Take On Wall Street’

He’s not the only one saying this, but considering his background, Robert Reich is a pretty significant voice pointing out how, over a year since things went seriously south on Wall Street, “almost nothing has been done to prevent all hell from breaking loose again.”

Posted on Jan 13, 2010 READ MORE


Early Review of the Angelides Commission: All Puff, No Punch

Martin Berg from Where’s Our Money writes: “The bankers, beleaguered as they may like to appear, have little to fear if the questioning continues as it began. So far, this is no Pecora Commission, the Depression-era investigation into the cause of the financial crash that led to landmark reforms. ...”

Posted on Jan 13, 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


Obama and McCain
AP / Haraz N. Ghanbari

McCain Gets It, Obama Doesn’t

Maybe I got it wrong. During the presidential campaign I wrote columns blasting Sen. John McCain for siding with the big bankers on deregulation, citing his choosing ex-Sen. Phil Gramm, currently a vice chairman of the Swiss-owned banking giant UBS, as his presidential campaign chair.

Posted on Jan 6, 2010 READ MORE


Happy New Year From Wall Street

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Posted on Dec 31, 2009 READ MORE


Fannie Mae
foreclosurewearhouse.com

Treasury Digging Deeper for Fannie and Freddie

Who knew the Treasury Department had such deep pockets? Well, besides all of Wall Street, we can put the beleaguered duo that is Fannie Mae and Freddie Mac on the list. The Treasury has obligingly removed the $400 billion cap previously assigned to the funding designated to save the two mortgage firms.

Posted on Dec 24, 2009 READ MORE


Darth on Wall Street

Wall Street Officially Joins the Dark Side

Well, this looks about right. Although it doesn’t exactly represent the sort of image overhaul we’d recommend for Wall Street types given the past 15 months or so, this footage of Darth Vader and a supporting cast of stormtroopers ringing the opening bell at the New York Stock Exchange on Tuesday has a certain refreshing frankness about it, no?

Posted on Dec 22, 2009 READ MORE


Left, Right & Center

‘Left, Right & Center’: Fat Cats and Health Care Spats

Does Congress need to consider a health care reform do-over? Those Americans holding out the dying embers of hope for anything resembling a public option might think so. Tony Blankley finds the revolting Democrats, well, revolting, but a seafaring Robert Scheer focuses his ire on Wall Street’s notorious fat cats on this week’s “Left, Right & Center.”

Posted on Dec 18, 2009 READ MORE



Federal Reserve

Bernanke Wins Senate Panel’s Support

It’s been a good week for Federal Reserve Chairman Ben Bernanke. First came the news that he’d been chosen to be Time magazine’s Person of the Year, and then, on Thursday, the Senate Banking Committee voted to approve his nomination to lead the Fed for another four years.

Posted on Dec 17, 2009 READ MORE


Blankfein
AP / Mark Lennihan

Has Goldman Sachs Gotten Greedier?

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.

Posted on Dec 16, 2009 READ MORE


Wall Street CEOs
AP / J. Scott Applewhite

Wall Street’s Fat Cats Are Still in Charge

Most Americans now know that Wall Street bankers are so greedy as to never be trusted, and I suppose it is a sign of progress that our president finally seems to grasp the obvious.

Posted on Dec 15, 2009 READ MORE


Obama and banking leaders
AP / Susan Walsh

Obama to Banks: It’s Payback Time

On Monday at the White House, President Barack Obama reminded a group of big banking honchos (or “fat cats,” as he called them Sunday) about last year’s bailout and advised them to get busy helping the taxpayers who helped with their recovery. Well, good luck with that one.

Posted on Dec 14, 2009 READ MORE


NYSE
AP / Henny Ray Abrams

House Passes Major Financial Regulation Bill

In what is being hailed as the biggest bid to change financial regulation since Franklin Delano Roosevelt’s New Deal, the House of Representatives on Friday passed the Wall Street Reform and Consumer Protection Act of 2009. In a press conference after the vote, House Speaker Nancy Pelosi proclaimed, “We are sending a clear message to Wall Street: The party is over.”

Posted on Dec 11, 2009 READ MORE


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