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Friday, June 23, 2017
Financial crisis

‘The Devil’s Financial Dictionary’ Cuts Through The Euphemism, Doublespeak, And Lies Of Wall Street

Among its many myths, Wall Street would have you believe that you are better off being “advised” by stockbrokers who will put their own interests ahead of yours. I seek to offer a glossary of what lies beneath such mendacity.

December 9, 2015

A Whining Wall Street Banker Pleads For Pity

Jamie Dimon needs to stop complaining.

January 28, 2015

How To Tell If The Next Financial Crisis Is Upon Us

These three conditions and warning signs will signal if we’re in real trouble.

December 9, 2014

Are We There Yet? The Next Big Crash Might Be Around the Corner

How cheap gas prices could signal a major problem for the market.

December 8, 2014

Wells Fargo To Pay $5 Million To Settle Discrimination Allegations

Find out why the big bank is about to pay up.

October 9, 2014

Book Review: ‘Too Big to Jail: How Prosecutors Compromise With Corporations’

How big business gets away with crime — and you get stuck holding the bag.

October 3, 2014

U.S. Accused Of Illegal 2008 Seizure As AIG Trial Opens

You won’t believe why AIG’s former CEO is demanding $40 billion.

September 30, 2014

What the Secret Goldman Sachs Tapes Uncover

The intentional failures of the Federal Reserve to regulate big banks have finally come to light.

September 26, 2014

Book Review: ‘Seven Bad Ideas’

How our reverence for markets and aversion to government keeps burning us, time and time again.

September 26, 2014

Citigroup To Pay $7 Billion To Settle Subprime Mortgage Investigations

New York (AFP) – Citigroup will pay $7 billion to settle claims it misled investors about mortgage-linked securities ahead of the financial crisis in the latest U.S. crackdown on a banking giant, officials said Monday. U.S. Attorney General Eric Holder, calling Citi’s conduct “egregious,” said the investigations showed the bank concealed defects in loans, misrepresented […]

July 14, 2014

Last Remaining Populist House Republican Faces K Street’s Own Wolf Of Wall Street

by Lee Fang, Republic Report Congressman Walter Jones, a Republican who represents a wide swath of eastern North Carolina, might not strike you as a populist. But as a lawmaker, the veteran politician with a slow Southern drawl has become a gadfly in his own party for thumbing his nose at powerful political interests. He is the […]

April 17, 2014

Weekend Reader: ‘The Watchdog That Didn’t Bark: The Financial Crisis And The Disappearance Of Investigative Journalism’

Today the Weekend Reader brings you The Watchdog that Didn’t Bark: The Financial Crisis and the Disappearance of Investigative Journalism by Dean Starkman, editor of the Columbia Journalism Review and fellow at The Investigative Fund at The Nation Institute. Starkman argues that the institutionalization of muckraking from the 1960s and the investigative culture of journalism have worn off. This […]

March 29, 2014

5 Reasons The U.S. Deficit Has Fallen By Nearly $5 Trillion (And Why That’s A Bad Thing)

But as much as Republicans say they care about the deficit, they are not willing to raise one dime in taxes to make a deal to cut it.

March 19, 2014

Bank Of America Earnings Rise On Better Credit Quality

New York (AFP) – Bank of America Wednesday reported an eightfold increase in quarterly earnings on improving credit quality as it positions for a strengthening U.S. economy. The U.S. banking giant reported fourth-quarter earnings of $3.2 billion on revenues of $21.5 billion, compared with earnings of $367 million on revenues of $18.7 billion in the […]

January 15, 2014

Attorney General Schneiderman Backs OWS, But Will It Help His Anti-Bank Push?

New York Attorney General Eric Schneiderman, a progressive champion for his aggressive posture toward the big banks at the heart of the 2008 financial crisis and the foreclosures still rippling through the economy, backed the Occupy Wall Street protests, obliquely, in a statement today: “These demonstrations are a stark reminder that many Americans have lost […]

October 7, 2011

Financial Crisis Pits Workers Against Republicans In Postal Showdown

Saving the Post Office from financial ruin might seem nearly as hopeless as running for president on the Green Party ticket — but this time Ralph Nader, lifelong consumer advocate and perennial presidential candidate, has the numbers on his side. While Congress considers closing post offices and drastic cutbacks in mail service because the United […]

September 28, 2011

Obama Administration Gives Unemployed Homeowners More Time To Make Payments

One of the sharpest lines of attack against the Obama Administration’s response to the financial crisis is that they over-prioritized saving banks instead of keeping the housing market from collapsing — more than half of the qualified 1.6 million people who originally took advantage of its 2009 housing assistance program have already dropped out — […]

July 7, 2011

Vatican Back in the Black

The Vatican, having had a rough stretch financially, is back above water, though apparently donations from the faithful are down from last year: Vatican spokesman the Rev. Federico Lombardi said Vatican officials believed the main reasons for the decrease were related to the lingering effects of the financial crisis on Catholics’ ability to donate, and […]

July 2, 2011