‘Say on Pay’ Won’t Prevent Bonus Gluttony

Moshe Adler / Truthdig Feb 18, 2010 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. Dig deeper ( 3 Min. Read )

Krugman Says Obama Is ‘Clueless’ About Outrageous Bonuses

Staff / Truthdig Feb 10, 2010 There are few things, we imagine, that could elicit a heartfelt OMG (make that O.M.G., rather) from certified economics whiz and evident adult Paul Krugman, but President Barack Obama's latest take on the egregious and profane bonuses of Wall Street executives has clearly tripped that wire in Krugman's mind. Dig deeper ( 1 Min. Read )

Former Merrill Lynch CEO Thain Tapped to Head CIT

Staff / Truthdig Feb 8, 2010 John Thain is back. The ex-CEO of Merrill Lynch, who also once held top posts at Goldman Sachs and the New York Stock Exchange, has returned to the Wall Street fold, this time as chairman and CEO of the CIT Group. However, this time, one imagines, he won't have a $35K commode at his disposal. Dig deeper ( 1 Min. Read )

Obama Wants a Wall Street Recovery Tax

Staff / Truthdig Jan 15, 2010 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. Dig deeper ( 2 Min. Read )

Wall Street ‘Crimes’ Need Better Policing

Eugene Robinson / Truthdig Oct 23, 2009 Slashing bonuses at bailed-out companies is like arresting jaywalkers while ignoring the bank robbery that's happening in broad daylight down the block. Dig deeper ( 3 Min. Read )

Playing Monopoly With America’s Health

Joe Conason / Truthdig Oct 22, 2009 Anyone infuriated by the grossly inflated compensation of the masters of finance should check out the incredible earnings of the top executives in the health insurance business.Anyone infuriated by the bonuses of the masters of finance should check out the top executives in the health insurance business. Dig deeper ( 3 Min. Read )

Wall Street Bonuses ‘Offensive’

Staff / Truthdig Oct 18, 2009 The Obama administration, perhaps getting wise to public opinion, is lashing out at Wall Street firms. White House senior adviser David Axelrod called the huge bonuses executives received this year "offensive" in light of the fact that the rest of us are struggling through an economic crisis. Dig deeper ( 1 Min. Read )

Selfish

Mike Luckovich / Truthdig Oct 15, 2009 Dig deeper

Letting the Banking Rats Out of the Bag

Robert Scheer / Truthdig Aug 12, 2009 “Was there some sort of ghost that performed these actions?” New York federal Judge Jed S. Rakoff demanded to know Monday in rejecting a deal that would let Bank of America off the hook in yet another banker bonus scandal.The average American is paying for the banking debacle not only in taxes for the bailout but with lost jobs and homes. Dig deeper ( 4 Min. Read )

AIG Logs a Profit

Staff / Truthdig Aug 7, 2009 For almost two years, insurance giant AIG has experienced quarterly losses -- until now. The infamous company is reporting its first profitable quarter since 2007, a turnabout that will give the U.S. government a whopping $1.5 billion gain as a shareholder, while individual shareholders get to split $311 million among themselves. Dig deeper ( 1 Min. Read )

Cash for Clunkers

Mike Luckovich / Truthdig Aug 7, 2009 Dig deeper

Banking Bandits Get Their Reward

Robert Scheer / Truthdig Aug 5, 2009 By now everybody must know that the top banking executives responsible for our economic meltdown have no shame. Otherwise they would not have dared give themselves such hefty bonuses as a deeply perverse reward for actions that caused millions of Americans to lose their jobs and homes. By now everybody must know that the top banking executives responsible for our economic meltdown have no shame. Dig deeper ( 3 Min. Read )