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Surging Foreclosures Benefit Home Investors

Jan 15, 2012
A sunken housing market has turned foreclosure auctions into feeding grounds for the vultures of American capitalism. Low prices mean plenty of available buildings to be bought, fixed up and sold at a profit. Meanwhile, suffering evictees are nowhere to be seen, except for the rare occasions when they show up to protest or bid on the homes themselves.

No Year-End Bonuses for Goldman Sachs Execs

Dec 11, 2009
Goldman Sachs has had a record year in terms of employee earnings -- The Wall Street Journal says Goldman's 31,000 worker bees brought in an average of more than $700,000 each in 2009 -- and that would be better news for the firm if it hadn't been on the receiving end of major federal funding from last year's bailout.