Clooney Zeroes In on ‘The $700 Billion Man’

Staff / Truthdig Apr 15, 2011 Does the name Neel Kashkari ring a bell? Think way back to the year 2008, when the word bailout was just entering the vernacular in relation to Wall Street, not prison, and when Henry Paulson was still in charge of the Treasury Department. Dig deeper ( 1 Min. Read )

The False Debate on the Debt

Robert Scheer / Truthdig Apr 13, 2011 In the ever-so-smug company of the rich and powerful, it is a given that there is never to be any expression of remorse or other acknowledgement of the pain they have inflicted on the lesser mortals they so cavalierly plunder. There is currently no shortage of corporate profits or excessive executive compensation to explain away the failure of the private sector to create jobs. Dig deeper ( 4 Min. Read )

Bank of America Reports $1.2 Billion Quarterly Loss

Staff / Truthdig Jan 22, 2011 Bank of America has reported its second straight quarterly loss, $1.2 billion for the last three months of 2010 after a devaluation of its mortgage business. Dig deeper ( 1 Min. Read )

Lies of the Tea Party

Joe Conason / Truthdig Sep 30, 2010 The disaffection and demoralization of Democrats have created a dangerous political vacuum that is being filled with misleading data, urban legends and outright lies. Dig deeper ( 3 Min. Read )

Small Business Bill Gets Senate’s Stamp of Approval

Staff / Truthdig Sep 16, 2010 After a long struggle, partly caused by pre-midterm-election power jostling in Congress, the Senate passed a bill designed to give small businesses a leg up in a 61-38 vote on Thursday The House is also expected to approve the bill, which some GOP types (continued). Dig deeper ( 1 Min. Read )

Big Banks Get Billions, Waters Gets Busted

Bill Boyarsky / Truthdig Aug 10, 2010 Broadway and Central Avenue in the Watts area of South Los Angeles are lined with dozens of small, marginal businesses, but hardly any banks. In a capitalist economy, these are streets without capital, losers in the race to the top. Waters has spent years trying to help minority-owned banks. Her relationship with one of them, OneUnited, got her in trouble. Dig deeper ( 5 Min. Read )

Maxine Waters Caught in Triple Ethical Tangle

Staff / Truthdig Aug 9, 2010 Rep Maxine Waters may be in deep trouble if she's found guilty of the trio of ethics charges that a House committee hit her with Monday The congresswoman apparently plans to contest the violations (continued). Dig deeper ( 1 Min. Read )

Rebuke but No Consequences for Post-Bailout Bonuses

BLANK Jul 24, 2010 Sticks and stones and all that: U.S. bankers are probably glad today that, as the childhood rhyme claims, "words can never hurt me," since the Obama administration’s so-called pay czar has decided to criticize them for paying out $1.6 billion in extra payments to top execs after they received federal bailout funds -- but not seek any punishment. Dig deeper ( 1 Min. Read )

Goldman Plays, We Pay

Robert Scheer / Truthdig Apr 21, 2010 The story of the financial debacle will end the way it began, with the super-hustlers from Goldman Sachs at the center of the action and profiting wildly Never in US history has one company wielded such destructive power over our political economy, irrespective of whether a Republican or a Democrat happened to be president. Dig deeper ( 3 Min. Read )

The Sorry State of the Union

Robert Scheer / Truthdig Jan 27, 2010 The state of the union is just miserable, no matter how President Obama sugarcoats it. He will claim that progress has been made in stabilizing the markets, increasing national security and advancing toward meaningful health care reform, but he will be wrong on all three counts. The state of the union is just miserable, no matter how President Obama sugarcoats it. Dig deeper ( 3 Min. Read )

Obama Talks Tough on Banking Reform

Staff / Truthdig Jan 22, 2010 In case you hadn't noticed, not a heck of a lot has changed on Wall Street in the last year, despite various banking behemoths' successful pleas for federal aid to float them out of the recession they were instrumental in creating. Well, that's about to change -- or so President Barack Obama says, at least. Dig deeper ( 1 Min. Read )

Reich Urges Obama to ‘Take On Wall Street’

Staff / Truthdig Jan 14, 2010 He's not the only one saying this, but considering his background, Robert Reich is a pretty significant voice pointing out how, over a year since things went seriously south on Wall Street, "almost nothing has been done to prevent all hell from breaking loose again." Dig deeper ( 1 Min. Read )