The Rubin Con Goes On

Robert Scheer / Truthdig Aug 11, 2010 The corruptions of journalism were on full display when CNN’s Fareed Zakaria turned to Robert Rubin this past Sunday for advice on how to fix the financial crisis that he, as much as anyone, caused Did you miss the live Q & A session? Listen to the podcast here The corruptions of journalism were on full display when CNN’s Fareed Zakaria turned to Robert Rubin this past Sunday for advice on how to fix the financial crisis . Dig deeper ( 4 Min. Read )

‘Fabulous Fab’ Puffed Up, Even as Senate Dresses Him Down

Staff / Truthdig Apr 28, 2010 Calling him "short, slight and looking as though he were on a break from prep school," The Washington Post's Dana Milbank devoted his entire column Wednesday to the "arrogance" of Goldman Sachs wunderkind Fabrice "Fabulous Fab" Tourre, as well he should have done. Dig deeper ( 2 Min. Read )

Borrowing While Poor

Moshe Adler / Truthdig Apr 21, 2010 Why should a poor borrower be held more responsible than a rich borrower for the default of another poor borrower? Dig deeper ( 3 Min. Read )

SEC Slaps Goldman Sachs With Fraud Suit

Staff / Truthdig Apr 16, 2010 In a move that may signal the beginning of the end of Goldman Sachs' golden era, the Securities and Exchange Commission filed a civil suit Friday against the banking behemoth, accusing the company of selling customers subprime mortgage derivatives (continued)In a move that may signal the beginning of the end of Goldman Sachs' golden era, the Securities and Exchange Commission filed a civil suit Friday against the banking behemoth. Dig deeper ( 1 Min. Read )

Greenspan Defends the Fed to Meltdown Commission

Staff / Truthdig Apr 7, 2010 Former Fed chief Alan Greenspan faced the proverbial firing squad, or in this case the congressionally appointed Financial Crisis Inquiry Commission, to answer questions Wednesday about his leadership choices at the Fed with regard to some key factors that triggered the financial implosion in 2008. Dig deeper ( 2 Min. Read )

What Do AIG’s E-Mails Reveal?

Staff / Truthdig Dec 30, 2009 We all know the outcome now, but in the latter months of 2007 executives at AIG seemed to be only starting to catch wind of the problems that eventually led to the nationwide financial collapse the firm helped precipitate a year later. Were they just overly confident? Clueless? Or were they hiding the fact that they knew very well that the jig was up? Dig deeper ( 1 Min. Read )

CEOs Were Bailed Out, Homeowners … Not So Much

Staff / Truthdig Feb 11, 2009 Robert Greenwald's filmmaking team has zeroed in on the ongoing mortgage crisis in this clip illustrating the stark contrast between the fate of Wall Street bankers and that of struggling homeowners after the initial bailout money was doled out -- without any requirements that those who benefited the most account for the funds or be accountable to people trying to save their homes. Dig deeper ( 1 Min. Read )

Obama Wins in Nashville

Bill Boyarsky / Truthdig Oct 8, 2008 As was the case in the first presidential debate, Barack Obama emerged from Tuesday night’s confrontation with John McCain in Nashville, Tenn., in command of the situation. The Democratic nominee looked calm, confident and presidential as he won their second contest. Dig deeper ( 3 Min. Read )

She’s Clueless, He’s Worse

Robert Scheer / Truthdig Sep 10, 2008 Ignorance is bliss, which perhaps explains Gov. Sarah Palin being so confidently wrong about the root cause of the federalization of most of the nation's mortgage market. But what is Sen. John McCain's excuse? Dig deeper ( 3 Min. Read )

Fannie and Freddie’s Double Whammy

Bill Boyarsky / Truthdig Sep 9, 2008 With a stunningly vicious pair of blows, the faltering world economy -- the Godzilla of this year's presidential race -- has made the candidates look small. Why hasn't this looming crisis been part of the presidential debate? Dig deeper ( 4 Min. Read )

McCain’s Mansions

Staff / Truthdig Aug 20, 2008 Courtesy of the Brave New Films team, here we have a property-by-property breakdown of John McCain's many fancy domiciles, which provide ironic contrast to footage of the presumptive Republican nominee holding forth about how Americans with mortgage troubles can just scrimp 'n' save their way back to solvency. Dig deeper ( 1 Min. Read )

Sucking Up to the Bankers: A Bipartisan Lovefest

Robert Scheer / Truthdig Jul 30, 2008 This is a time to condemn the bankers, not to embrace them. They are the scoundrels who got us into the biggest economic mess since the Great Depression, lining their own pockets while destroying the life savings of those who trusted them. Dig deeper ( 3 Min. Read )