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Tag: Wall Street


Donald Trump Continues the Manipulation of Populism by ‘Swamping Up’ His Path to Power

Beneath populist pretense and slander, the coming Trump presidency is shaping up as a great monument to the nation’s unelected dictatorship of money. The only real mystery is how far it will deliver on its reactionary promises.

Posted on Dec 8, 2016 READ MORE


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How to Swamp Washington and Double-Cross Your Supporters

It’s been a month since the election, and here’s what’s clear: Crony capitalism, the kind that festers and grows when offered public support in its search for private profits, is the order of the day among Donald Trump’s Cabinet picks.

Posted on Dec 8, 2016 READ MORE



Surprise: Trump’s Adviser on Wall Street Regulations Is a Longtime Swamp Dweller

Trump’s transition adviser for financial regulations works for a firm that is emblematic of Washington’s revolving door.

Posted on Dec 5, 2016 READ MORE



The Mafia State

The greed of the 1 percent and their dismantling of good governance have given rise to a criminal economy and criminal state embodied in the presidency of Donald J. Trump.

Posted on Dec 4, 2016 READ MORE


Trump Pick for Treasury Chief Is the ‘Ultimate Wall Street and Government Insider,’ Says GOP Lawyer

Steven Mnuchin got rich with taxpayer money in a legal but “distasteful” corporate welfare scheme in which he used dubious mortgages to foreclose on tens of thousands of families through a failed bank he bought cheap in the 2008 Wall Street crash, says California lawyer Saied Kashani.

Posted on Dec 1, 2016 WATCH & LISTEN



Waiting for the Barbarians

The collapse of our democratic institutions, the pillaging of the economy by the elites and the surrender of our most basic constitutional rights will be enshrined permanently into law by a crisis.

Posted on Nov 27, 2016 READ MORE



Truthdigger of the Week: Sen. Al Franken, Vocal Supporter of the #NoDAPL Demonstrations

The Minnesota Democrat penned a letter to the Department of Justice on Monday, urging it to protect the First Amendment rights of the “water protectors” facing off against law enforcement in North Dakota.

Posted on Nov 26, 2016 READ MORE



Deconstructing Thanksgiving at Standing Rock

The indigenous tribes gathered in North Dakota are showing us a path for the future based on respect, nonviolence, humility and love that should inspire us for the difficult times ahead.

Posted on Nov 23, 2016 READ MORE



Donald Trump Assembling Team of ‘Swamp Creatures,’ Says Democratic Lawmaker Keith Ellison

The progressive congressman said it’s clear the president-elect is “not doing what he’s said he’s gonna do for average working Americans.”

Posted on Nov 20, 2016 READ MORE



None of Them Has Ever Been My President

If the black movement was afraid of the likes of Donald Trump, it never would have gone up against the militarized police that occupy black communities. You can’t scare people with a specter if they’ve already fought the real thing.

Posted on Nov 18, 2016 READ MORE



Throw Wall Street Out of the Democratic Party

The results of the 2016 election show that mobilizing identity politics behind a bankster program will no longer work. To save their party, Democrats must get the Clintons and their backers, such as former Treasury secretary Robert Rubin (pictured), to leave.

Posted on Nov 16, 2016 READ MORE



Elizabeth Warren Sends Letter to Trump: ‘You Already Appear to Be Failing’ on Campaign Promises

The Massachusetts senator has put the president-elect on notice about his transition team.

Posted on Nov 15, 2016 READ MORE



Glenn Greenwald on Who’s to Blame for Trump’s Election

The Intercept journalist lays out why the Democratic Party needs to take responsibility.

Posted on Nov 11, 2016 READ MORE


Elizabeth Warren: Democracy Demands That We Work Together on America’s Agenda

The Massachusetts senator is ready to help President-elect Trump rebuild the U.S. economy. But if Republicans attempt to remove Wall Street regulations or gut the Consumer Financial Protection Bureau, she will fight them.

Posted on Nov 11, 2016 WATCH & LISTEN



Chris Hedges Unmasks American Empire in ‘Unspeakable’

In this new book, the award-winning Truthdig columnist discusses taboo topics in America—including his experience as a radical war correspondent at The New York Times—with fellow journalist David Talbot.

Posted on Nov 9, 2016 READ MORE



In a Rigged System, Hillary Clinton Is Too Big to Indict

The Democratic presidential nominee got a pass this summer on her “extremely careless” handling of classified information while secretary of state. But now the FBI is reopening its investigation.

Posted on Oct 28, 2016 READ MORE



Waking Up in Hillary Clinton’s America

When we awaken on November 9th, it will undoubtedly be dawn in Hillary Clinton’s America and that potentially means four years of an economic dystopia that will (as would Donald Trump’s version of the same) leave many Americans rightfully anxious about their economic futures.

Posted on Oct 28, 2016 READ MORE


Robert Scheer and David Dayen Uncover Untold Stories of the Mortgage Crisis

In this week’s episode of “Scheer Intelligence,” the Truthdig editor in chief speaks with the author of the book “Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud.” Transcript added.

Posted on Oct 21, 2016 WATCH & LISTEN



To Understand Today’s World—Syria, Brexit, Even Trump—Watch This Adam Curtis Film (Video)

In “Hypernormalisation,” the British documentary filmmaker delves into the intricacies of a “strange time” in which “extraordinary events keep happening that undermine the stability of our world” while “those in control seem unable to deal ... and no one has any vision of a different or a better kind of future.”

Posted on Oct 19, 2016 READ MORE


‘On Contact’: Chris Hedges and David Cay Johnston Examine Our ‘Rigged’ Tax System

The journalists discuss how the superrich—including Republican presidential nominee Donald Trump—take advantage of America’s tax laws.

Posted on Oct 18, 2016 WATCH & LISTEN



The Ascendance of Hillary Clinton and Paul Ryan Will Mark a Win for Big Business and Wall Street

The Democratic candidate won’t be the only winner when Donald Trump and his fellow haters are defeated on Election Day (as looks increasingly likely).

Posted on Oct 17, 2016 READ MORE



Fact-Checking Donald Trump and Hillary Clinton on the Billionaires’ Tax Break

When the presidential candidates vowed in their second debate to eliminate the “carried-interest” loophole, they left out some important context.

Posted on Oct 16, 2016 READ MORE


What We Know So Far About the Hillary Clinton Campaign’s Leaked Emails

Lee Fang of The Intercept, co-author of the article “Memo Shows What Major Donors Like Goldman Sachs Want From Democratic Party,” discusses what are largely confirmations about Clinton’s relationship with Wall Street, fossil fuels and more.

Posted on Oct 15, 2016 WATCH & LISTEN



Are Elections Less Important Than Ever in the Age of Trump?

What we do after Nov. 8 may be even more important than the ballots we cast.

Posted on Oct 13, 2016 READ MORE



Ruling Against Wall Street Watchdog Decried as ‘Reckless and Partisan’

A three-judge panel said Tuesday that the Consumer Financial Protection Bureau, brainchild of Sen. Elizabeth Warren, has an unconstitutional structure.

Posted on Oct 11, 2016 READ MORE



Read Segments of Hillary Clinton’s Wall Street Speeches Released by WikiLeaks

A single email attachment, released by the organization in its “Podesta Emails” leak, gives readers insight into many of Clinton’s policy positions.

Posted on Oct 11, 2016 READ MORE



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



Keep Calm and Vote Green: Fascism Is Not Coming

The Trump phenomenon is terrible, but now is no time for lesser-evil voting. A dictatorship is not knocking at the door in the United States.

Posted on Sep 23, 2016 READ MORE



Elizabeth Warren Skewers Wells Fargo CEO, Accusing Him of Greed and ‘Gutless Leadership’ (Video)

“You should resign, you should give back the money you took while this scam was going on and you should be criminally investigated by both the Department of Justice and the Securities and Exchange Commission.”

Posted on Sep 20, 2016 READ MORE



The Courtiers and the Tyrants

We must not confuse the political elites who function as courtiers to corporate power with the tyrannical leaders who actually drive corporatism. Our real enemy, lurking behind the curtain, is usually faceless and anonymous.

Posted on Sep 18, 2016 READ MORE



Wall Street Is Prepared to Destroy Sacred Burial Grounds of the Sioux

The lineup of Dakota Access pipeline investors reads like a who’s who of the world’s big banksters. Their contributions continue a ruthless American tradition of racism, fascism and corporatism toward indigenous people and their land.

Posted on Sep 16, 2016 READ MORE



Elizabeth Warren Demands Investigation Into President Obama’s Failure to Jail the Banksters

“I can think of no matter of ‘intense public interest’ about which ‘the American people deserve the details’ than the issue of what precisely happened to the criminal referrals that followed the 2008 crash.”

Posted on Sep 15, 2016 READ MORE


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Posted on Sep 10, 2016 ENLARGE



This Election Is Hillary Clinton’s to Lose, and She’s Screwing It Up

If the United States ends up with President Trump, the Democratic nominee and her party will have no one to blame but themselves for refusing to compromise their allegiances to Wall Street and morally bankrupt, center-right, establishment positions.

Posted on Sep 8, 2016 READ MORE



Why Are Private Equity Titans Giving All Their Campaign Money to Hillary Clinton?

The Democratic candidate has gone even further than Donald Trump in promising to kill a tax break that benefits some of the wealthiest people in finance, and yet she is receiving all of the private equity industry’s support.

Posted on Sep 8, 2016 READ MORE



One Big Bill Clinton Campaign Promise That a President Hillary Should Finally Keep

If elected, Hillary Clinton should fulfill a pledge of her husband’s that fell through when he got to the White House: Bar companies from taking tax deductions on executive pay above $1 million.

Posted on Sep 8, 2016 READ MORE



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



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


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