Donald Trump and the Next Crash: Making the Fed an Instrument for Disaster

Nomi Prins / TomDispatch Apr 30, 2018 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. Dig deeper ( 9 Min. Read )

Feeding the Flame of Revolt

Chris Hedges / Truthdig Nov 18, 2013 "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. Dig deeper ( 10 Min. Read )

Larry Summers and the ‘End-Game’ Memo

BLANK Aug 26, 2013 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." Dig deeper ( 2 Min. Read )

BofA Pays $2.43 Billion to Settle Merrill Lynch Suit

Alexander Reed Kelly / Truthdig Sep 28, 2012 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. Dig deeper ( 1 Min. Read )

The Magnetar Fallout

By Cora Currier, ProPublica May 18, 2012 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. Dig deeper ( 3 Min. Read )

A Closer Glance at the Fed Audit, Please

Staff / Truthdig Dec 7, 2011 It's been available for almost six months now: the first independent audit of the Federal Reserve. In case you haven’t read it top-to-bottom, former Congressman Alan Grayson, who petitioned the study along with Rep. Ron Paul, wants to draw your attention to some of his favorite parts. Dig deeper ( 2 Min. Read )

The Evil Fed

Pat Bagley, Cagle Cartoons, Salt Lake Tribune Sep 23, 2011 Dig deeper

Corporate America’s First-Class Recovery

Staff / Truthdig Jul 12, 2010 While the rest of us patiently await the signs of economic recovery, corporate America has apparently skipped to the front of the line: Major companies are expecting to announce some of their highest profits in years. 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 )

Does Harold Ford Jr.’s Race Matter?

Marcia Alesan Dawkins / Truthdig Jan 19, 2010 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. Dig deeper ( 5 Min. Read )

McCain Gets It, Obama Doesn’t

Robert Scheer / Truthdig Jan 6, 2010 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. Dig deeper ( 3 Min. Read )

Bank of America CEO to Pack It In at Year’s End

Staff / Truthdig Oct 1, 2009 Another head of another big bank is rolling all the way out the door On Wednesday, Bank of America CEO Kenneth Lewis made the startling announcement that he was opting to take early retirement, effective the last day of this calendar year. Dig deeper ( 2 Min. Read )