Bankers Took Home Billions While Wall Street Burned

Staff / Truthdig Jan 29, 2009 If you're in a good mood, you may just want to skip this bit of news from The New York Times: "Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York collected an estimated $184 billion in bonuses for the year" Update. Dig deeper ( 1 Min. Read )

Congress Sings the Bailout Blues

Staff / Truthdig Jan 19, 2009 Want to know where the $350 billion banking bailout went and why it hasn't done a bit of good? Read, and weep over, this little-noticed report from the congressional panel set up to monitor the Treasury Department's distribution of our taxpayer funds. Dig deeper ( 6 Min. Read )

Fool Me Once

David Sirota / Truthdig Jan 16, 2009 Somehow, immediately releasing more bailout funds is being portrayed as a self-evident necessity. Amid Barack Obama's paeans to "new politics," we're watching old-school paybacks from a politician who raised more Wall Street dough than any other. Dig deeper ( 3 Min. Read )

Tough Road Ahead for New Economic Appointees

Staff / Truthdig Dec 19, 2008 On Thursday, President-elect Barack Obama introduced three top financial appointees who will help him with the unenviable task of revamping the government's economic regulatory system and "crack[ing] down on this culture of greed and scheming that has led us to this day of reckoning,” as Obama put it. Dig deeper ( 1 Min. Read )

Greed: Still Good?

Staff / Truthdig Oct 15, 2008 What would Gordon Gekko, the ruthless corporate raider from Oliver Stone's 1987 classic cautionary tale "Wall Street," have to say about the current state of the American economy? Well, we just might find out. Dig deeper ( 1 Min. Read )

AIG Execs Enjoy Sun and Fun on Your Dime

Staff / Truthdig Oct 8, 2008 What's $85 billion if you don't get to spend it? Just days after taxpayers saved AIG from ruin, executives of the insurance giant spent $440,000 pampering themselves at the exclusive St. Regis resort in Monarch Beach, Calif. Dig deeper ( 1 Min. Read )

Best Foot Forward

Mr. Fish / Truthdig May 16, 2008 Dig deeper

Slap Down ‘Free Market’ Pirates

Joe Conason / Truthdig Mar 27, 2008 For years, District Attorney Robert Morgenthau has warned that the nexus of capitalism and criminality poses a serious threat to America. With Bear Stearns now in ruins, maybe we will listen to him. Dig deeper ( 3 Min. Read )

Greed Is Not Good

Marie Cocco / Truthdig Mar 25, 2008 The housing crisis brings to mind Gordon Gekko, that fictitious ambassador of Wall Street whose words, then and now, remind us why uninhibited capitalism just doesn't work. Dig deeper ( 3 Min. Read )

Compassionate Conservatism

Mr. Fish / Truthdig Dec 17, 2007 Dig deeper

Still Mean From Beyond the Grave

Staff / Truthdig Aug 31, 2007 Leona Helmsley, the recently deceased billionaire who was famous for being mean and evading taxes, left two of her grandchildren nothing but gave her dog Trouble a $12-million trust fund so it can continue to enjoy the lifestyle it has become accustomed to. Dig deeper ( 1 Min. Read )

Only the Little People Pay Taxes

Marie Cocco / Truthdig Aug 23, 2007 The Democratic candidates have paid much attention to the president's horrendous foreign policy, but what of his tax cuts, which have crippled the treasury for the sake of the yachting class? Dig deeper ( 3 Min. Read )