There’s a crucial institution in Washington that few in the media seem to be paying attention to, even as President Trump quietly makes it his own.
"Hactivist" Jeremy Hammond speaks out for his principles as a harsh sentence is imposed on him. His case exposes the deep fear the state now has of its own citizenry."Hactivist" Jeremy Hammond speaks out for his principles as he receives a harsh sentence. His case exposes the fear the state now has of its own citizenry.
A 1997 memo retrieved from the filing cabinet of investigative reporter Greg Palast shows the involvement of Lawrence Summers -- Obama's current favorite for chairman of the Federal Reserve -- in a successful plan to help big bank CEOs "rip apart financial regulation across the planet."
Rather than fight its way through court, Bank of America has dipped into its “litigation reserves” to settle a shareholder lawsuit over the dubious methods it used to acquire Merrill Lynch as the credit crisis ramped up.
The hedge fund Magnetar helped create billions of dollars' worth of collateralized debt obligations that super-charged the financial meltdown, profited the company enormously and for which it's seen no punishment. Here's a roundup of the known charges, settlements, and investigations that stem from those deals.
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.
New Yorkers, beware It seems that former US Rep Harold Ford Jr, a transplant from Tennessee, has upset people again Ford, an executive at Merrill Lynch and a New York University lecturer who might be seeking to unseat fellow Democrat Kirsten Gillibrand of New York in a race for the U Senate, has made a very bold statement about his identity.
Maybe I got it wrong. During the presidential campaign I wrote columns blasting Sen. John McCain for siding with the big bankers on deregulation, citing his choosing ex-Sen. Phil Gramm, currently a vice chairman of the Swiss-owned banking giant UBS, as his presidential campaign chair.Although Obama has blasted “fat cat bankers on Wall Street,” it is time for those who elected him to ask for more than rhetoric.