Someone should tell AIG CEO Robert Benmosche that unless he's hanging from the end of a rope, he's not being lynched. Americans are at the end of their ropes, because the wealthy got bailed out while the rest of us got left out.
Have the Wall Street Democrats of “Third Way” or their predecessors in the Clintonite “Democratic Leadership Council” ever been right about an important economic issue?
Today activists in more than a dozen cities across the country are delivering more than 330,000 signatures to U.S. Department of Justice offices calling on the Obama Administration to reject […]
A JPMorgan Chase employee stepped onstage at a black-tie gala on Wall Street last week to accept a “best crisis management” award given by an investor relations magazine. The bank, […]
Prominent Democrats — including the President and House Minority Leader Nancy Pelosi — are openly suggesting that Medicare be means-tested and Social Security payments be reduced by applying a lower adjustment for inflation.
As Robert Borosage wrote, “Too Big Too Fail” has become “Too Big To Jail.” According to attorney general, our big banks have gotten so big that bringing criminal charges against […]
The U.S. Attorney last week confirmed Americans’ fears about Wall Street. The banks, Eric Holder said, were not just too big to fail, they were also too big to jail. […]
On Tuesday, March 12, the Senate Banking Committee will begin review of the nomination of Mary Jo White to be chair of the Securities and Exchange Committee. The Committee should […]
For years, the Obama Administration has been pummeled for failing to bring criminal charges against a single major Wall Street bank or a single leading Wall Street banker for what […]
Senator Jeff Merkley, one of the handful of independent stalwarts on bank reform, today blasted the Attorney General for the Justice Department’s apparent policy of giving big bankers a “get […]
Last night Hurricane Sandy’s victims got a lot of much-needed help, and everybody got a great concert. I mean, come on, people: McCartney sounds as great singing Helter-Skelter today as […]
Every day we rise and tell ourselves this will be a good day, free of that unique combination of predation, self-pity, mediocrity and disingenousness which characterizes the modern bank executive. And every day somebody proves us wrong.
Must read of the morning, by Peter J Boyer and Peter Schweitzer at Newsbeast:
Some of the headlines about the conviction of hedge fund manager Raj Rajaratnam are misleading or just plain wrong. The Rajaratnam guilty verdict won’t “change the way Wall Street does […]