Lehman Execs: Where Are They Now?

Staff / Truthdig Sep 8, 2009 It's been nearly a year since Lehman Brothers went belly-up, effectively kicking off the financial implosion of fall 2008. However, despite the firm's catastrophic demise, some Lehman execs managed to land on their feet. Tuesday's Wall Street Journal gives an update about their current activities. Dig deeper ( 1 Min. Read )

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 )

SEC Fines B of A $33M for Bonus Bust

Staff / Truthdig Aug 4, 2009 It's baffling how $33 million can seem like a relatively small sum lately, but given that it's all that Bank of America will have to pay the SEC for failing to inform investors about the billions in bonuses the bank paid Merrill Lynch executives during B of A's acquisition of Merrill last year, it seems more like a light knuckle-rap than a full-on spanking. Dig deeper ( 1 Min. Read )

B of A Chairman Dethroned

Staff / Truthdig Apr 30, 2009 Kenneth D. Lewis was relieved of the Bank of America chairmanship by shareholders Wednesday in a backlash from the highly criticized Merrill Lynch acquisition. He does, however, retain his two other titles, president and CEO. Dig deeper ( 1 Min. Read )

Living Large and in Charge

Robert Scheer / Truthdig Apr 8, 2009 Not surprisingly, Lawrence Summers is convinced that he deserved every penny of the $8 million that Wall Street firms paid him last year. And why shouldn’t he be cut in on the loot from the loopholes in the toxic derivatives market that he pushed into law when he was Bill Clinton’s treasury secretary? Dig deeper ( 3 Min. Read )

Obamas Hire Merrill Lynch Decorator

Staff / Truthdig Mar 31, 2009 Although they're allotted $100,000 to redecorate, Barack and Michelle Obama will spend their own money updating the White House. The first family has turned to Michael S. Smith for the task. The designer has worked for Steven Spielberg, Rupert Murdoch and former Merrill Lynch CEO John Thain, whose decorating habits have come to epitomize corporate greed. Dig deeper ( 1 Min. Read )

New York’s A.G. Subpoenas Bank Execs Over Bonuses

Staff / Truthdig Jan 28, 2009 New York Attorney General Andrew Cuomo sent out subpoenas to Bank of America's Chief Administrative Officer J. Steele Alphin and recently ousted Merrill Lynch Chief Executive John Thain on Tuesday to look into hefty bonuses paid to Merrill Lynch higher-ups late last year -- even as the company was bleeding billions in losses. Dig deeper ( 1 Min. Read )

Just How Fat Are Wall Street’s Fat Cats?

Staff / Truthdig Oct 7, 2008 Sure, we've all heard the stories about Wall Street bigwigs lining their pockets with gold dubloons while the rest of us scramble to save pennies, but The New York Times has drawn out that contrast in graphic detail with a handy series of charts showing the total earnings (including bonuses) of 12 top executives from 2003-2007. Dig deeper ( 1 Min. Read )

‘Left, Right & Center’: Wall Street on the Rocks

Staff / Truthdig Sep 20, 2008 What to make of the bailouts and sellouts that dominated the past week's financial headlines? Well, "Left, Right & Center" commentators Matt Miller, Robert Scheer and Tony Blankley (Arianna Huffington was away) have some ideas about what caused the nightmare on Wall Street and what the future holds. Dig deeper ( 1 Min. Read )

Economic Meltdown: Don’t Say We Weren’t Forewarned

Robert Scheer / Truthdig Sep 19, 2008 Has the war on terrorism become the modern equivalent of the Roman Circus, drawing the people’s attention away from the failures of those who rule them? Corporate America is a shambles because deregulation, the mantra of our president and his party, has proved to be a license to steal. Dig deeper ( 3 Min. Read )

Bush Makes Cameo Appearance at White House

Staff / Truthdig Sep 19, 2008 President Bush had been laying low over recent days, but it seems his inner circle considered it prudent to trot him out for a brief appearance at the White House. He surfaced on Thursday to speak vaguely about the snowballing economic crisis on Wall Street before disappearing once again. Dig deeper ( 1 Min. Read )

‘Daily Show’: The Notorious A.I.G.

Staff / Truthdig Sep 17, 2008 Whither Lehman Brothers? Et tu, Merrill Lynch? What's going on on Wall Street? Jon Stewart breaks down the financial meltdown on Tuesday night's edition of "The Daily Show" -- complete with '80s monster movie allusions. Sweet! Dig deeper ( 1 Min. Read )