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Tag: Wall St


It’s Time for Congress to Stop Hollering at CEOs and Actually Take Action

Instead of setting up further rounds of CEO perp walks for the TV cameras, Congress should give the Justice Department and regulatory agencies enough funding to do their jobs.

Posted on Sep 26, 2016 READ MORE


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As America Mourned 9/11, CEOs and Lobbyists Pounced on the Prospect of a Bonanza Born of the Tragedy

In the wake of the awful attacks of Sept. 11, 2001, while many in New York were still attending memorial services for firefighters and police, while across the country Americans’ cheeks were still stained with tears, the corporate and Washington-based predators were already pursuing private plunder at public expense.

Posted on Sep 11, 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



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



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



Bernie and the Big Banks

The recent kerfuffle over Bernie Sanders supposedly not knowing how to bust up the big banks says far more about the threat he poses to the Democratic establishment and its Wall Street wing than it does about the candidate himself.

Posted on Apr 10, 2016 READ MORE



Why I No Longer Believe in Trade Agreements

I used to believe in trade agreements. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains.

Posted on Mar 16, 2016 READ MORE



An Open Letter to the Republican Establishment

I have some disturbing news for the billionaires who for decades have been the backbone of the Republican Party.

Posted on Mar 1, 2016 READ MORE



Why Bernie Sanders’ Proposals Would Spur Economic Growth

A former Treasury official who helped save Wall Street banks has said the biggest ones still “pose a significant, ongoing risk” to the economy. That’s just one of the huge economic issues Sanders has plans to tackle if elected.

Posted on Feb 21, 2016 READ MORE



Why We Have No Choice but to Try for Progressive Change

Instead of “Yes, we can,” a new slogan adopted by many Democrats this election year is “We shouldn’t even try.”

Posted on Feb 8, 2016 READ MORE



Is the Iowa Caucus Overrated?

It’s possible all the commotion over the Iowa caucus has more to do with media than with politics. In another report, a writer says the platform of the Green Party’s Jill Stein has a better chance than Bernie Sanders’ does. Meanwhile, a former trader reveals just how much the Clintons are indebted to Wall Street and vice versa. These discoveries and more after the jump.

Posted on Feb 1, 2016 READ MORE


VIDEO: Elizabeth Warren Has Known for Years Where Hillary Clinton’s True Loyalties Lie

An old clip of the Massachusetts senator shows she’s known the truth about Hillary Clinton’s relationship with Wall Street for quite some time.

Posted on Jan 31, 2016 WATCH & LISTEN



Here’s Why You Shouldn’t Care About the Details of Proposed Policies and Programs

Not a day passes that I don’t get a call from the media asking me to compare Bernie Sanders’ and Hillary Clinton’s tax plans, or bank plans, or health care plans. But detailed policy proposals are as relevant to the election of 2016 as is that gaseous planet beyond Pluto.

Posted on Jan 26, 2016 READ MORE



Paul Krugman Is Wrong. Here’s Why Bernie Sanders’ Movement Will Provide Real Change

New York Times columnist Paul Krugman last week warned Bernie’s supporters that change doesn’t happen with “transformative rhetoric” but with “political pragmatism”—“accepting half loaves as being better than none.” Krugman just doesn’t get it.

Posted on Jan 24, 2016 READ MORE



Hillary Blames Bernie for an Old Clintonite Hustle, and That’s a Rotten Shame

With stupefying arrogance, Clinton tried during Sunday’s debate to tie her rival to the Great Recession—an economic crisis that actually was fostered by Bill Clinton, his aides and even one of her own campaign advisers.

Posted on Jan 19, 2016 READ MORE


VIDEO: Trevor Noah Admits He Agrees With Bernie Sanders’ Economic Plans to Tax the Filthy Rich

Now that the “surging Sanders” is starting to reveal himself as a strong contender for the Democratic nomination in the polls, “The Daily Show” decided to give viewers a brief primer on who the Vermont senator is and what he stands for.

Posted on Jan 13, 2016 WATCH & LISTEN



‘The Big Short’ and Bernie Sanders’ Plan to Bust Up Wall Street

The movie shows why Bernie Sanders’ plan to break up the biggest banks and reinstate the Glass-Steagall Act (separating investment from commercial banking) is necessary—and why Hillary Clinton’s more modest plan is inadequate.

Posted on Jan 12, 2016 READ MORE



Bernie Sanders Is Right About Clinton and Big Banks—and Here Are the Numbers to Prove It

As the Vermont senator recently pointed out, Hillary Clinton’s relationship with Wall Street becomes clear when you look at how much she’s charged for speeches to Goldman Sachs, Morgan Stanley and big banks.

Posted on Jan 10, 2016 READ MORE



Martin Shkreli Is Just a Brasher, Larger Version of What Others in Finance and Corporate Suites Do

The former hedge-fund manager and pharmaceutical executive may be a rotten apple, but hedge funds and the pharmaceutical industry are two rotten systems that are costing Americans a bundle.

Posted on Dec 22, 2015 READ MORE



Top 10 Signs the U.S. Is the Most Corrupt Country in the World (Video)

Those ratings that castigate Afghanistan and some other poor countries as hopelessly “corrupt” always imply that the United States is not corrupt.

Posted on Dec 13, 2015 READ MORE



How Big Corporations and Wall Street Banks Rig the American Market

The national debate about widening inequality ignores the upward redistributions, going on every day, from the rest of us to the rich.

Posted on Nov 2, 2015 READ MORE



This Is How We Should Punish Bank Felons

What exactly does it mean for a big Wall Street bank to plead guilty to a serious crime?

Posted on Jun 22, 2015 READ MORE


Isolated Incident









Posted on May 23, 2015 ENLARGE



VIDEO: Busting Up Wall Street Is Step 4 in Saving the Economy

When Americans think of how the economic rules are stacked against them, they naturally think of Wall Street, which is back to many of its old tricks. Its lobbyists are now busily rolling back the Dodd-Frank Act—legislation intended to prevent another crash.

Posted on May 19, 2015 READ MORE



Mikey Wally (CC BY-NC-ND 2.0)

How the Trans-Pacific Partnership Is Just More Trickle-Down Economics

By now we should know that when big corporations, Wall Street and the wealthy get special goodies, the rest of us get shafted. Yet here comes the Trans-Pacific Partnership.

Posted on May 5, 2015 READ MORE


Looters









Posted on May 4, 2015 ENLARGE



Will Hillary Rodham Clinton Deliver on Her Promise to Be a ‘Champion’ for ‘Everyday Americans’?

If Hillary Clinton is to get the mandate she needs to get the United States back on track, she will have to be clear with the American people about what is happening and why—and what must be done. 

Posted on Apr 14, 2015 READ MORE


If Elizabeth Warren Is President









Posted on Feb 16, 2015 ENLARGE



Do Workers Truly Get What They’re Worth in the Market?

My recent column about the growth of on-demand jobs like Uber making life less predictable and secure for workers unleashed a small barrage of criticism from some who contend that workers get what they’re worth in the market.

Posted on Feb 10, 2015 READ MORE


Economic Growth









Posted on Feb 9, 2015 ENLARGE



The Middle Class Can’t Be Saved Unless Wall Street Is Tamed

Do we really need reminding about what happened six years ago?

Posted on Jan 27, 2015 READ MORE



Workers Keep Getting Shafted and Wages Won’t Rise; What’s Going On?

Jobs are coming back, but pay isn’t.

Posted on Jan 14, 2015 READ MORE


Secret Santa









Posted on Dec 25, 2014 ENLARGE


Citigroup Democracy









Posted on Dec 18, 2014 ENLARGE



How Inside Traders Are Rigging America and Contributing to the Savage Inequalities of American Life

Major players on Wall Street have been making tons of money not because they’re particularly clever but because they happen to be in the realm where a lot of coins come their way.

Posted on Dec 18, 2014 READ MORE


Wall St. Cushion









Posted on Dec 15, 2014 ENLARGE


The Elizabeth Warren Speech That Has Everyone Talking

The Massachusetts senator sure won’t let big banks get away with the kind of blatant robbery other members of Congress seem perfectly happy to allow.

Posted on Dec 15, 2014 WATCH & LISTEN



Who’s Afraid of Occupy Wall Street? Apparently, the Red Cross

Red Cross responders say there was a ban on working with the widely praised Occupy Sandy relief group because it was seen as politically unpalatable.

Posted on Dec 15, 2014 READ MORE


Bank Torture









Posted on Dec 13, 2014 ENLARGE



Don’t Blame Republicans for Wall Street’s Scams; Democrats Are Also at Fault

America can’t tackle widening inequality without confronting the power and privilege lying behind it.

Posted on Dec 9, 2014 READ MORE



How Much Control Does Goldman Sachs Have Over the Federal Reserve?

A confidential report and a fired examiner’s hidden recorder penetrate the cloistered world of Wall Street’s top regulator—and its history of deference to banks.

Posted on Sep 26, 2014 READ MORE



The Disease of American Democracy

Most Americans feel powerless, and assume the political game is fixed. So why bother?

Posted on Aug 19, 2014 READ MORE



How Wall Street Tobacco Deals Left States With Billions in Toxic Debt

Politicians wanted upfront cash from a legal victory over Big Tobacco, and bankers happily obliged. The price? A handful of states promised to repay $64 billion on just $3 billion advanced.

Posted on Aug 9, 2014 READ MORE


Banks









Posted on Aug 8, 2014 ENLARGE


Couch Potato Congress









Posted on Aug 7, 2014 ENLARGE


GOP Par for the Course









Posted on Aug 6, 2014 ENLARGE



The Disconnect Between Workers’ Pay and Social Worth

Does anyone seriously believe hedge-fund mogul Steven A. Cohen is worth the $2.3 billion he raked in last year, despite being slapped with a $1.8 billion fine after his firm pleaded guilty to insider trading?

Posted on Aug 4, 2014 READ MORE



The Rise of the Nonworking Rich

The real nonworkers are the wealthy who inherit their fortunes. And their ranks are growing.

Posted on Jul 16, 2014 READ MORE


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