The economic meltdown we narrowly averted last year rightfully convinced the American people that we need to re-examine the fundamental structure of our financial system. Naturally, Wall Street disagrees.
Galbraith reportedly got himself a $100 million piece (or more) of a Kurdish oil field. Hall's oil trading scams are picking our pockets by driving up the price of oil just enough for him to make a killing.
A column in the Business section was about how the American worker is overpaid. They claim that if workers don't take cuts, these "overpaid" working stiffs will be the cause of another Great Depression.
If we must resort to handouts to save our country, let's at least put them in the hands of the most deserving. We should start with the roughly 2 million veterans who served in Iraq and Afghanistan.
The only thing worse than Goldman Sachs amassing billions in bonus money for its executives, based on various government subsidies and bailout measures, is listening to it try to explain it all away.
The Billionaire Bailout Society is not a shared society. We're not in it together. What's good for Wall Street is not good for the rest of us...they even get their swine flu shots before we do.
These solutions come from people who seek to change the mega-casino our government has built back to one built on investors, innovators and workers creating things that benefit society.
While we can't decisively compare outcomes of choices that were made to alternative choices, we can ask why certain decisions haven't even been tackled.
With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.
The current custodian of America's wealth, Treasury Secretary Tim Geithner, is not doing a good job. The time for corrective action is now.
We can either prop up the billionaire bailout society as Geithner wants or we can begin the necessary process of breaking it up. You know what the financial interests want.
When it comes to carhaul drivers, automakers are failing to meet their end of the bailout bargain and taxpayers should hold them accountable.
As Congressman Sherman put it, the current legislation meant to reform Wall Street would actually be like "TARP on steroids."
The way it stands with credit card companies these days, you might be better off dealing with loan sharks. At least they'll warn you before breaking your legs. The banks sneak up behind you and do it.
One of AIG's goals last fall was to persuade the counterparties to the credit default swaps it had written to accept buyouts as low as 40 cents on the dollar. Then Tim Geithner, head of the New York Fed, stepped in.
Perhaps we need a new vocabulary that helps us describe a society that promotes the accumulation of vast riches, bails out the rich, and avoids responsibility for the common good.
Breaking up the banks to ensure that never again can the greedy few throw an entire planet into a Depression is not only a logical step but also smart, popular politics.
What do we do about our broken finance system? We can begin by making sure that the architects of our current economic crisis are investigated, and if necessary, prosecuted for the crash.
The American people have been eager to understand how the government failed to prevent bonus payments from going out the door -- payments that were paid out with their taxpayer dollars.
By Zach Carter, Media Consortium Blogger Bailout pay czar Ken Feinberg raised a ruckus last week when he announced plans to slash cash payouts to exe...
The public no longer wants a combination of financial bailouts and government deregulation. But Congress and the U.S.D.A. never seem to have gotten the memo when it comes to Big Agribusiness, especially the pork industry.
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