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Obama's Big Sellout : Rolling StoneBarack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008. He pushed a tax plan to soak the rich, ripped NAFTA for hurting the middle class and tore into John McCain for supporting a bankruptcy bill that sided ...
tj dreves
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9 days ago
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David Paul: With Wall Street Shorting the Dollar, It is Time for Congress to Pursue Fundamental ChangeDavid Paul With Wall Street Shorting the Dollar, It is Time for Congress to Pursue Fundamental Change What's Your Reaction? Just imagine how angry the American public would be if they knew the whole story. For months, we have listened to the whining from Wall Street. U.S. banks are ...
JDP
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10 days ago
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Wall Street Journal Supports Break-Up Of Big BanksThe editorial was mostly an assault on Democratic proposals described as offering "unlimited taxpayer funds" to bail out "just about anyone... engaging in finance of one kind or another" in a way that "would entrench moral hazard (and cheaper funding costs for the likes of Goldman Sachs) even ...
JDP
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10 days ago
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A Lesson From AIG: How to Fix the Fed - Yahoo! NewsOf all the villains responsible for the Great Economic Wipeout, the Federal Reserve is pretty far down the list. It's certainly behind members of Congress who deregulated the banks in 1999, allowing once staid institutions to gamble recklessly. Then there are notorious CEOs like Martin Sullivan ...
JDP
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3 weeks ago
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Economic Hitman John Perkins: US predatory capitalism creates poverty, terrorism, and pollutionNY Times Bestselling author of Economic Hitman, John Perkins, explains in excerpts from his new book, Hoodwinked: An Economic Hitman Reveals Why the World Financial Markets Imploded—and What We Need to Do to Remake Them, that the US lives under a corporatocracy, with US policy captured to serve ...
JDP
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3 weeks ago
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Robert Reich: The Housing Crisis And Wall Street Shame (Or Lack Thereof)One out of four homeowners is now under water, owing more on their homes than the homes are worth. Why? The biggest single factor behind the housing crisis is rising unemployment. According to the latest ABC-Washington Post poll, one out of every three Americans has either lost their job or ...
JDP
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3 weeks ago
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OpEdNews - by Jim Hightower: Obscenely Rich Bankers Claim to Do God's Work -- They Can Go to HellNovember 19, 2009 at 15:32:01 Obscenely Rich Bankers Claim to Do God's Work -- They Can Go to Hell By Jim Hightower ( about the author ) Page 1 of 1 page(s) For OpEdNews: Jim Hightower - Writer "Repent," the preacher cried out, startling those who heard him. This was no street ...
Geoffrey Ames
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4 weeks ago
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Goldman Sachs CEO polishes firm's image - USATODAY.comGoldman Sachs should be celebrating. The company has posted outstanding results the first nine months of the year, and it's on track to be a top adviser in the lucrative mergers-and-acquisitions business in the fourth quarter. Yet, the mood at the investment bank seems to be one of crisis as it ...
JDP
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4 weeks ago
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Shareholders Object To Goldman's Giant Bonuses - The Atlantic Business ChannelWhen journalists, pundants and Main Street complain about the ever expanding size of Goldman Sachs' bonuses, the criticisms roll like water off the squid's back. But the Wall Street Journal is reporting that some Goldman shareholders are latest to cry foul. And unlike pretty much everybody else, ...
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4 weeks ago
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Answer Desk: Who needs overpaid bankers? - Answer Desk- msnbc.comIt seems that AIG's CEO Robert Benmosche has told colleagues he’s fed up with the government’s moves to limit pay packages for top executives at his firm. This at a time when Goldman Sachs reportedly is ready to divvy up $23 billion in bonuses and amid word that Bank of America CEO Ken Lewis ...
JDP
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5 weeks ago