I made a New Year's resolution to try to look at things in a more positive way and now that the year is ending, I'd like to share some of the more pos...
The threat of severe derivatives losses this year is on the horizon, stemming from what one analyst sees as the inevitability of higher interest rates, which could trigger a new crisis.
It's estimated that the bonus pool of just one of these big banks would have been enough money to prevent or significantly delay foreclosure for all 2.3 million people who lost their homes last year.
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.
One year ago, faced with the greatest financial panic in generations, the American people swallowed hard and bailed out the banks. Today, the banks have moved on, and are tearing down the currency of the nation that saved them.
Headlines shout about overly generous executive compensation packages. Some say it is disgusting, obnoxious and egregious.
After a year of holy hell we may be witnessing an economic miracle: Bank of America, so recently on life support, comes up with $45 billion in hard cold cash to repay TARP in less than a year.
How many of you consider yourselves a philanthropist? The word conjures up super elite icons like Bill Gates, Oprah and Warren Buffet. However, the true definition of philanthropist is "lover of humanity."
Treasury wants to shame banks into treating customers fairly. But it's a curious approach to reforming an industry that apparently has no shame to begin with.
Did Goldman Sachs dissemble and equivocate in its responses to the New York Times?
The failure of Bank of America to announce credible progress on naming a new CEO continues to generate interest in the topic of how well other compani...
If you're quivering with rage just thinking about Wall Street, it's time to take action. I've discovered a way to achieve a semblance of inner peace without therapists, tranquilizers or weapons.
By Paul Kiel, ProPublica. The administration’s $75 billion mortgage modification program is meant to help 3 million to 4 million homeowners avo...
When corporate perpetrators don't have to admit they did anything wrong, it's as if the crime never happened. Which, of course, makes it much more likely that it will happen again.
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.
Shareholders can now challenge the board to learn more about plans for CEO succession. This is one more action that will make it less likely that the CEO can fill the board with good old boys.
Open the phonebook and randomly pick the name of a stockbroker or a bank president. Call that person and ask them to explain to you how a synthetic or a derivative actually works.
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.
Shock waves from Judge Jed Rakoff's scathing denunciation of a proposed settlement between the SEC and the Bank of America are still rippling through Wall Street and Washington.
Two ideas are floating around Washington regarding how to handle 'too big to fail' banks, but only one is supported by the Treasury and the White House. Unfortunately, it's the wrong one.
