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 )

In Money-Changers We Trust

Robert Scheer / Truthdig Dec 29, 2010 Two years into the Obama presidency and the economic data is still looking grim Don’t be fooled by the gyrations of the stock market, where optimism is mostly a reflection of the ability of financial corporations -- thanks to massive government largesse -- to survive the mess they created. Dig deeper ( 4 Min. Read )

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 )

Wall Street Pay Fattens as Rest of U.S. Suffers

Staff / Truthdig Jul 3, 2009 Unemployment rose to 9.5 percent last month, the highest level in 26 years. Meanwhile, Wall Street payouts are not dropping. Goldman Sachs will be shelling out a whopping $20 billion to its employees this year. As we enter the 20th month of this recession, unemployment is becoming a way of life for many, and the very same people who created this mess are still reaping the profits. Dig deeper ( 2 Min. Read )

Is Larry Summers Taking Kickbacks From the Banks He’s Bailing Out?

Staff / Truthdig May 30, 2009 Why did Goldman Sachs, Citigroup and Morgan Stanley steer millions to a company Larry Summers directed while he administered "stress tests" on them? Dig deeper ( 7 Min. Read )

Stocks Zoom as International Financial Community Rallies

Staff / Truthdig Oct 13, 2008 The Dow shot up more than 900 points Monday after nations around the world pitched into the effort to resuscitate the dangerously flagging global marketplace by announcing their own rescue plans. 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 )