iOS app Android app


Misadventures in Finance

Benjamin T. Solomon | Posted 08.31.2015 | Business
Benjamin T. Solomon

The Fed or the U.S. government is not the lender of last resort. It is us, the U.S. taxpayer. Therefore, we the people, as lender of last resort, need to be better informed of what banks are doing.

The Clintons and Their Banker Friends

Nomi Prins | Posted 05.07.2015 | Politics
Nomi Prins

The past, especially the political past, doesn't just provide clues to the present. In the realm of the presidency and Wall Street, it provides an ongoing pathway for political-financial relationships and policies that remain a threat to the American economy going forward.

Money, Money, Money

Gerry Myers | Posted 06.28.2015 | Politics
Gerry Myers

There is an old saying, "Money is the root of all evil." While money may not cause evil in all circumstances, it certainly can sway some people toward the path of corruption and bad behavior.

P2P Lending Is Dead

Jorge Newbery | Posted 04.22.2015 | Business
Jorge Newbery

First, disco bit the dust. Then, punk rock keeled over. Now, peer-to-peer lending has been annihilated. Who murdered P2P? Wall Street.

Hillary and Bankers

Jeff Danziger | Posted 02.15.2015 | Politics
Jeff Danziger


5 Financial Advice Givers You Need to Ignore

David A. Dedman | Posted 02.15.2015 | Money
David A. Dedman

Who did you turn to? Family, friends, online or your bank?

Short Memories, Broken Politics, and the Coming Recession

Daniel Wagner | Posted 02.14.2015 | Politics
Daniel Wagner

If the Great Recession wasn't enough to change the hearts and minds of the bankers, legislators, lobbyists and voters, I really don't know what would be. We bear collective responsibility for perpetuating a terribly broken system.

This Week in Science: Cheating Bankers, November's Freeze, and the Microbiology of Kissing

World Science Festival | Posted 01.21.2015 | Science
World Science Festival

Children adopted from China may not remember the language of their birth country, but their brains still respond unconsciously to Chinese more than a decade later.

Decimate Wall Street

Bartlett Naylor | Posted 12.22.2014 | Business
Bartlett Naylor

In a speech October 20, New York Federal Reserve Bank President William Dudley proposed that a major chunk of pay for all senior executives at a particular bank be forfeited when the bank violates the law.

Secret Recordings Expose The True Relationship Between Goldman And The NY Fed

ProPublica | Jake Bernstein | Posted 09.26.2014 | Business

Barely a year removed from the devastation of the 2008 financial crisis, the president of the Federal Reserve Bank of New York faced a crossroads. Con...

JPMorgan Hackers Didn't Steal Any Money: Report

Reuters | Posted 11.13.2014 | Business

BOSTON, Sept 12 (Reuters) - Hackers accessed dozens of servers at JPMorgan Chase & Co in a cyberattack launched in June, though no money was taken, ...

Pellucid Analytics: A Different Take on Solving the Investment-Banking Culture Problem

Dustin Farivar | Posted 09.23.2014 | Business
Dustin Farivar

I was well into my college career when I actually learned what investment banking was. A friend of mine told me he wanted to essentially sacrifice t...

Morgan Stanley CEO Doesn't Believe More Bankers Should Have Gone To Jail For Financial Crisis

Reuters | Lauren Tara LaCapra | Posted 05.06.2014 | Business

By Lauren Tara LaCapra NEW YORK, May 6 (Reuters) - Morgan Stanley Chief Executive James Gorman said on Tuesday that he does not believe more banker...

Why Only One Top Banker Went To Jail For The Financial Crisis

The New York Times | Posted 04.30.2014 | Business

On the evening of Jan. 27, Kareem Serageldin walked out of his Times Square apartment with his brother and an old Yale roommate and took off on the fo...

Will Bitcoins Become the People's Federal Reserve?

Fred Lundgren | Posted 05.23.2014 | Money
Fred Lundgren

Henry Ford said, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there wou...

The Average Cash Bonus On Wall Street Is Now More Than $164,000

Reuters | Posted 03.12.2014 | Business

NEW YORK (Reuters) - Wall Street's cash bonus pool rose 15 percent to $26.7 billion in 2013 as average cash bonuses hit the third highest on record at...

Plutocrats Despising the Poor: An American Tradition

Joseph A. Palermo | Posted 04.16.2014 | Politics
Joseph A. Palermo

It's amazing how these people can whine in public about how they're being mistreated by people who change the sheets at the luxury hotels they stay in. But if you spend your life surrounded with sycophants who constantly tell you how brilliant you are it's possible to exist inside a bubble inside a bubble inside a bubble.

The 10 Resolutions I Want Everyone Else To Make In 2014

Roz Warren | Posted 02.18.2014 | Fifty
Roz Warren

Every year I make New Year's resolutions and every year I break them. So this year, I'm trying something different -- resolutions for other people. Hey world -- here are the changes I'd like to see YOU make in 2014.

Deputy Attorney General Admonishes Nation's Bankers

AP | PETE YOST | Posted 11.18.2013 | Politics

WASHINGTON (AP) — Admonishing the nation's bankers, the Justice Department's No. 2 official says too many financial institutions have failed in thei...

Bankers Awaken

Tarun Sakhrani | Posted 01.23.2014 | Business
Tarun Sakhrani

These freshly-hired graduates, with dollar signs in their eyes and visions of grand lifestyles in their heads, are subject to ridiculous working hours and conditions, because the employers know the thought process and know they will do whatever it takes.

Obama, Summers and the Collapse of Trust

Jerome Karabel | Posted 10.28.2013 | Politics
Jerome Karabel

Obama's choice of Summers as chair of the Fed would deal a devastating blow to what little is left of the public's faith that the government will serve the common good and not the ultra-rich. For Summers is the perfect symbol of the insider's game that now dominates Washington.

Bankers: The Real House Thieves of New Jersey

Richard (RJ) Eskow | Posted 09.29.2013 | Politics
Richard (RJ) Eskow

Sure, they still need scapegoats they can indict instead of Wall Street executives. But America doesn't want to see television's too-good-to-be-true housewife take the fall anymore -- not when it can get a caricaturishly bad one instead. Enter Teresa and Joe Guidice, our newest celebrity defendants.

Mark Gongloff

Bankers Agree They Get Paid Way Too Much: Survey | Mark Gongloff | Posted 06.06.2013 | Business

If you are like 99.999 percent of humans, then you make much, much less money than bankers. You are likely aware of, or even angry about, this. But yo...

WATCH: Greedy Bankers Are Really Big Babies

Posted 06.04.2013 | Comedy

The world of finance can be terribly complex, which is hard to compromise with the fact that so many bankers act like overgrown children. In this n...

SHOCK! Bankers Are Getting Some Srsly Dubious Advice From Lawyers

The Huffington Post | Mark Gongloff | Posted 05.20.2013 | Business

From Saul Goodman of "Breaking Bad" to Harold Melvoin of "The Sopranos," sleazy lawyers on the teevee are always giving criminals career advice. This ...