Greed Is Not Good

Marie Cocco / Truthdig Mar 25, 2008 The housing crisis brings to mind Gordon Gekko, that fictitious ambassador of Wall Street whose words, then and now, remind us why uninhibited capitalism just doesn't work. Dig deeper ( 3 Min. Read )

Amid Economic Whiplash, a Bit of Glad News

Staff / Truthdig Mar 25, 2008 A sense of gloom still hangs over the economy, but there was cause for celebration Monday. Home sales are up for the first time in months, the dollar has regained some ground against the euro, and Wall Street had a triple-digit day. So why aren't investors smiling? Dig deeper ( 1 Min. Read )

Be Careful What You Wish For

E.J. Dionne Jr. / Truthdig Mar 18, 2008 Never do I want to hear again from my conservative friends about how brilliant capitalists are, how much they deserve their seven-figure salaries, and how government should keep its hands off the private economy. Dig deeper ( 3 Min. Read )

‘Mad Money’ Host Tears Over Spitzer

Staff / Truthdig Mar 13, 2008 Jim Cramer is best known as the host of CNBC's "Mad Money" show, but he's also a personal friend of Eliot Spitzer. Here, Cramer becomes emotional as he describes losing the "ammo" to take on Spitzer's Wall Street critics. Dig deeper ( 1 Min. Read )

Spitzer’s Shame Is Wall Street’s Gain

Robert Scheer / Truthdig Mar 12, 2008 Tell me again: Why should we get all worked up over the revelation that the New York governor paid for sex? Will it bring back to life the eight U.S. soldiers killed in Iraq that same day in a war that makes no sense and has cost this nation trillions in future debt? Dig deeper ( 3 Min. Read )

U.S. Job Loss Highest in 5 Years

Staff / Truthdig Mar 7, 2008 The short month of February was long on economic problems, as 63,000 U.S. jobs were lost over the 29 days. In other words, for those betting that a recession isn't around the corner, the outlook is dim. Dig deeper ( 1 Min. Read )

Dow Drops Over 300 Points

Staff / Truthdig Jan 18, 2008 Winter 2008 is shaping up to be a gloomy season for the American economy, with mounting concerns over subprime mortgage prices and a plunging stock market. Thursday was a particularly dreary day on Wall Street, with the Dow Jones industrial average down 307 points and the Standard & Poor's 500 falling almost 3 percent. Dig deeper ( 1 Min. Read )

Shades of ’29?

Staff / Truthdig Nov 2, 2007 Thursday was not a good day on Wall Street, with the Dow dropping over 362 points to close at 13,567.87. Meanwhile, the S&P 500, like the Dow, fell 2.6 percent, and the Nasdaq also took a hit, dipping 2.25 percent by day's end. Dig deeper ( 1 Min. Read )

The Rise and Fall of Stan O’Neal

Eugene Robinson / Truthdig Oct 30, 2007 It's not surprising in the cutthroat world of Wall Street to see a big-time CEO such as Stanley O'Neal float out of the boardroom with a golden parachute. What is significant is that this grandson of a slave managed to become one of the "Masters of the Universe" in the first place. Dig deeper ( 3 Min. Read )

Goldman Sachs CEO Nominated as Treasury Secretary

Staff / Truthdig May 30, 2006 Finally, after months of hanging in the pink slip rumor mill, John Snow can move on. The White House has named Henry M. Paulson as the newest Treasury secretary; here's what we know according to the Washington Post and NYT: He was reluctant to accept the job. He worked in the Pentagon as a young man. He "has been a Goldman Sachs executive since 1974, pulling down a compensation package in 2005 of $37 million." He is "a birdwatcher who can often be found in Central Park with his binoculars." Thank you mainstream media for your thorough profile of this very important man. Dig deeper ( 1 Min. Read )

Panic in the Newspaper Biz

Molly Ivins / Truthdig Mar 23, 2006 "I don't so much mind that newspapers are dying -- it's watching them commit suicide that pisses me off." Dig deeper ( 4 Min. Read )

Former Enron CFO Implicates Skilling

Staff / Truthdig Mar 8, 2006 Andrew Fastow, the company's former chief financial officer, testifies that he concocted fraud in face-to-face meetings with Enron's chief executive, Jeffrey Skilling Also, check out Robert Scheer's latest column on Enron, or a compendium of earlier ones . Dig deeper ( 1 Min. Read )