Taxing or reducing this year's Wall Street bonuses is but an irritant for bankers if they can safely hold on to the hundred's of billions paid out over the past few years of fraudulent "banking".
It's incredible how much we don't know when it comes to the investment practices and trends that affect workers' retirement assets and other institutional savings.
If Wall Street -- and especially Goldman Sachs -- had not manufactured value-destroying securities and related credit derivatives, the money supply for bad loans would have been choked off years earlier.
Goldman paid mega bonuses in past years subsidized by selling hot air. Now it proposes to again pay billions in bonuses based on earnings made possible by taxpayer dollars.
Wall Street firms such as AIG, which received $90 billion in government funds, and sports teams such as the Dallas Cowboys, who received $325 million to build the Cowboys Stadium, have more in common than being run by white males.
Here are the "top ten" things our government could do in 2010 to reverse our nascent economic recovery. Of course, it shouldn't do any of these things - but its record causes me grave concern.
Time Magazine's editors got a jump on April Fools Day when they named Fed Chairman Ben Bernanke its Person of the Year. Here's what Bernanke did sin...
There's a good deal of jolliness on Wall Street this holiday season, thanks to the billions of dollars in bonuses that will be stuffed into the stockings of your favorite bankers. It's safe to assume the final tally will be very big.
Let's face it, our national religion isn't something cooked up in the deep Baptist south nor in ephemeral New Age San Francisco. No, it has been built stone by Gothic stone down on Wall Street.
Money should be the reward for building strong, long-term sustainable organizations and not given as the primary motivation for showing up or simply making the quarter or even the year.
Recently several Republican representatives, including Scott Garrett, have questioned whether derivatives helped create the financial crisis. Did derivatives cause the financial crisis? You bet.
WANTED: Bright, dedicated corporate professionals for key posts at massive insurance entity now essentially owned by the Federal government. Job would start immediately, as employer is sick of current crop of whiny, entitled executives.
Alice Schroeder's article about unverified claims of Goldman execs buying guns is an injustice to Bloomberg's true reporters. It's a shame when sensationalism drowns out good journalism.
by Sharona Coutts and Paul Kiel, ProPublica AIG is coming close to losing its crown as the biggest debtor in the bailout. The company announced today...
There is a long list of people who are accused of unfairly profiting from our national financial crisis - Hank Paulson, John Thain, anyone who has eve...
I get it. People are angry at Goldman Sachs. But anger, particularly when misplaced, is not going to bring the economy back. Instead, how about we focus on making some money? Let's buy some stocks and enjoy the holidays.
Shaming Wall Street won't work. Only political muscle and courage will. Congress and the Obama administration should give homeowners the right to go to a bankruptcy judge and have their mortgages modified.
The popular narrative -- that Tim Geithner needlessly favored the interests of banks over those of taxpayers -- does not withstand close scrutiny.
Why is Summers once again running the show with Geithner when both have made careers of exhibiting total contempt for the public interest? Because there's no accountability for the high rollers of finance.
Did Goldman Sachs dissemble and equivocate in its responses to the New York Times?
If the Obama team wants to earn back some goodwill concerning the banks, they have to do better than the lame excuse of "we had to do it." They didn't have to do it this way. There were many other possibilities.
