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Tag: Wall Street

Sen. Elizabeth Warren Says She’s ‘Troubled’ by Obama’s $400,000 Speaking Fee (Audio)

The Massachusetts Democrat told Sirius XM’s Jonathan Alter that money in politics “ultimately threatens democracy.”

Posted on Apr 28, 2017 WATCH & LISTEN


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Wall Street and Corporate America Don’t Seem to Have Learned a Thing From the Past Year

With Steve Bannon on the way out, official Washington is jumping for joy that Gary Cohn (pictured)—former president of Goldman Sachs—seems to be taking over Trump’s brain.

Posted on Apr 26, 2017 READ MORE



Wells Fargo Directors Face Wrath for Complicity in Bank Corruption

Protesters on Tuesday registered their displeasure with the megabank’s leadership at the Florida site of Wells Fargo’s annual shareholder meeting.

Posted on Apr 25, 2017 READ MORE



After 2016’s Losses, Elizabeth Warren Tells Democrats: ‘Shame On Us’

The story the Massachusetts senator tells about the election and America’s anxieties is curiously one-dimensional.

Posted on Apr 19, 2017 READ MORE


Wall Street Wrongdoing May Go Unpunished With Trump’s Pick to Lead the SEC (Video)

Jay Clayton represented big banks and corporations as a law partner at Sullivan & Cromwell. At the Securities and Exchange Commission, he will be expected to police such companies.

Posted on Apr 17, 2017 WATCH & LISTEN



Deceivers in Chief: How Donald Trump and Barack Obama Are Alike

They promised to challenge the corrupt establishment. But after being elected president, both committed political fraud.

Posted on Apr 17, 2017 READ MORE



What a State-Owned Bank Could Do for New Jersey

Like most states, New Jersey suffers from serious budget problems, limiting its ability to make needed improvements. A public bank could change this.

Posted on Apr 13, 2017 READ MORE


Wells Fargo









Posted on Apr 11, 2017 ENLARGE



Bannon, Kushner and Trump’s Upside-Down Philosophy

We’re likely to be left with the worst of both worlds: Stephen Bannon’s brand of anti-establishment populism alongside Jared Kushner’s oligarchical Republicanism.

Posted on Apr 8, 2017 READ MORE



A Last Chance for Resistance

Unless we act now, Americans will remember 2017 as the year their naive belief in the recovery of democracy died under the heel of despotism.

Posted on Mar 19, 2017 READ MORE



When It Comes to Prosecuting Wall Street, Preet Bharara Is No Hero

The U.S. attorney fired by President Trump has been acclaimed for tackling corruption. But his treatment of figures involved in the Great Recession was far less confrontational.

Posted on Mar 13, 2017 READ MORE



The Return of American Race Laws

The campaign to deport millions is a first step toward the clash of civilizations that the white supremacists in the White House believe is inevitable at home and abroad.

Posted on Feb 26, 2017 READ MORE



Republicans Launch Bicameral Salvos Against Wall Street Watchdog

Legislation introduced by Sen. Ted Cruz and Rep. John Ratcliffe would kill the Consumer Financial Protection Bureau.

Posted on Feb 15, 2017 READ MORE



‘Spectacular Betrayal’ as Trump Rolls Back Wall Street Regulations

The president is set to scale back the 2010 Dodd-Frank financial-overhaul law and roll back an Obama-era financial regulation.

Posted on Feb 3, 2017 READ MORE



Trump’s Treasury Pick Excelled at Kicking Elderly People Out of Their Homes

When Steven Mnuchin ran OneWest, the bank aggressively and, in some cases, wrongly foreclosed on elderly homeowners with reverse mortgages. The bank had a disproportionate share of such foreclosures.

Posted on Jan 17, 2017 READ MORE



Bernie Sanders Gives Leadership Tips to Democrats Facing the Trump Era

On some matters, such as Donald Trump’s future Supreme Court choices, the Vermont senator is less combative than some of his colleagues. On other issues, he digs in his heels.

Posted on Jan 10, 2017 READ MORE


Is the Rise of Donald Trump Obama’s Legacy? (Video)

Paul Jay of The Real News asks Truthdig contributor Paul Street if President Obama is a true progressive and whether his policies “helped set the table for the emergence of a Trump.”

Posted on Jan 10, 2017 WATCH & LISTEN



No Conflict Here: 150 Wall Street Firms Own Over $1.5 Billion of Donald Trump’s Debt

An analysis published in The Wall Street Journal revealed the scope of Trump’s web of debt and the financial institutions “in a potentially powerful position over the incoming president.”

Posted on Jan 5, 2017 READ MORE



For Head of SEC, Trump Taps Another Fox to Guard Wall Street Henhouse

A progressive leader decried Jay Clayton’s nomination as “yet another example of Trump betraying his own voters by turning over our economy to giant corporations and Wall Street.”

Posted on Jan 4, 2017 READ MORE



Investors Wave Goodbye to Palm Oil Dollars

A major U.S. financial firm has begun to divest from plantations that produce an oil widely used in processed foods—and it hopes others will follow.

Posted on Jan 4, 2017 READ MORE



Barack Obama’s Neoliberal Legacy: Rightward Drift and Donald Trump

The Wall Street takeover of Washington, D.C., and the related imperial agenda of the “Pentagon System” were advanced more effectively by the nation’s first black president than they could have been by white Republicans such as John McCain or Mitt Romney.

Posted on Jan 3, 2017 READ MORE



Defying Donald Trump’s Kleptocracy

The president-elect represents the late stage of capitalism, when corporations, no longer able to generate profits at former levels, pillage the government and society for profit. However, he will be vulnerable to impeachment if we take to the streets.

Posted on Jan 1, 2017 READ MORE



What We Expect to See in 2017

2016 is history. As we turn the page on this strange and difficult year, Truthdig editors and writers look ahead to what the new year might bring.

Posted on Dec 31, 2016 READ MORE



Billionaire Carl Icahn Will Lead Trump’s ‘Deregulatory Charge,’ Consumer Advocate Says

Robert Weissman, president of the group Public Citizen, declares that Icahn “epitomizes predatory corporate capitalism.”

Posted on Dec 22, 2016 READ MORE



Blaming Russia Is Irresistible to the Democrats

The “Putin did it” narrative is not about keeping Donald Trump out of office (an impossibility). It’s about shaping the political and policy environment in coming months and years.

Posted on Dec 22, 2016 READ MORE



Donald Trump’s ‘Half-Blind’ Trust Scheme Is Called Absurd

The president-elect’s creative solutions for staying in the financial loop while seeming to keep his distance once again are drawing fire from his critics.

Posted on Dec 21, 2016 READ MORE



Trump Is Taking On Wall Street—Literally

The next administration will have plenty of billionaires and no working-class populists.

Posted on Dec 18, 2016 READ MORE



How the Twinkie Provides a Blueprint for Amassing Wealth

Highlighting a deal involving Hostess, the company known for its sweet baked treats, an investigation by The New York Times shows how private-equity executives expanded their fortunes.

Posted on Dec 10, 2016 READ MORE



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



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


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