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GDP Friday - Yellen Spins Us Into the Holiday Weekend

Phil Davis | Posted 05.27.2016 | Business
Phil Davis

"Data dependent." That's what the Fed has said over and over again since the minutes of the last meeting were released on 5/18. Various Fed speak...

It's About Time, My World

Lydia Canaan | Posted 02.03.2017 | World
Lydia Canaan

It's about time you realize that I am you and you are me, that we are all intertwined and connected in humanity. Whether you are from the East or from the West, aren't you aware that we share a planet and not a world? And, what is a world?

Banksters Are Sorry They Took Your Money

Phil Davis | Posted 08.14.2016 | Business
Phil Davis

2 billion dollars! That sounds like a lot of money but this fine is nothing more than a slap on the wrist for the eight (so far) banks that are settling lawsuits for blatantly manipulating (allegedly) the $5.3 trillion foreign-exchange market.

The Banksters New Fix

Creston Davis | Posted 05.21.2016 | Business
Creston Davis

It's time we seriously rethink how the finance industry actually serves society as a whole. Until now, the record against this industry and its inherent exploitative practices makes them much more a threat to the common good than a help.

The Friend of My Banker Is My Friend. Are You Kidding Me?

Jerry Ashton | Posted 12.01.2014 | Media
Jerry Ashton

It would seem to be a logical conclusion then, that bankers and occupiers are blood enemies. And, depending on whose camp you are in, anyone who serves to support one over the other is either a turncoat or a paid mouthpiece.

Big Press on Bank of America Treatment of Whistleblower Michael Winston -- But, You'll Have to Read German!

Jerry Ashton | Posted 09.07.2014 | Business
Jerry Ashton

Germany's respected Handelsblatt, that country's parallel to the Wall Street Journal, recently devoted an entire section and a featured interview to the deliberate and ongoing crushing of American Michael Winston's finances and spirit by one of our country's largest banks.

Obama: 'I Don't Care About the Public's Welfare'

Eric Zuesse | Posted 05.17.2014 | Politics
Eric Zuesse

If Barack Obama were competing with George W. Bush to become the new worst U.S. President of all time, then one could say that he is doing a brilliant job.

'Everyone Else Running for Mayor Is Owned'

Blake Fleetwood | Posted 10.29.2013 | New York
Blake Fleetwood

I have always been attracted to rich, improbable candidates because they are often the tellers of inconvenient truths. The reason is simple. They have nothing to lose. They have no interest groups to offend.

When Worlds Collude: Right-wing Whistleblower Courts Left-Leaning Occupy Banking Group

Jerry Ashton | Posted 08.19.2013 | New York
Jerry Ashton

Can this new mutuality of efforts comprise a new path which might be taken by people on the left and the right of the spectrum? That rare "common ground?"

World Bank Whistleblower Reveals Massive Corruption

Kevin Lawton | Posted 05.29.2013 | Business
Kevin Lawton

You need to know about this woman! Former Senior Counsel to the World Bank, Karen Hudes, unleashed recent interviews that should shatter any remainin...

Too Quick to Nail

Charles Mojkowski | Posted 07.02.2013 | Politics
Charles Mojkowski

What a change from the heady days of fall 2011, when the "occupying" in OWS was in full bloom. It cannot be, I would think, that their raison d'être has disappeared.

From a Democracy to a Plutocracy: Why This Democrat Despises Barack Obama

Eric Zuesse | Posted 11.19.2012 | Politics
Eric Zuesse

Unlike Mitt Romney and his plutocratic financial backers, Barack Obama does this sort of thing only because he respects plutocrats, not because he is one. He won't gain financially by turning this nation into a banana republic.

Illegal Conduct Is Critical to the Survival of the Securities Industry

Dan Solin | Posted 09.16.2012 | Business
Dan Solin

How ironic that the industry that wants us to trust it with our funds can't manage its own money and is rife with illegal conduct.

If Bankers Took Steroids or Made Knockoff Handbags, They'd Clean Up Wall Street Tomorrow

Richard (RJ) Eskow | Posted 09.11.2012 | Politics
Richard (RJ) Eskow

Let's do the numbers. Number of seizures to recover counterfeit goods worth $178 million: 24,792. Number of arrests for crimes worth tens of billions in settlements and trillions in losses: Zero.

Bankers Shouldn't Worry About Drum Circles - But Some of 'Em Should Worry About Subpoenas

Richard (RJ) Eskow | Posted 04.30.2012 | Politics
Richard (RJ) Eskow

JPMorgan Chase CEO Jamie Dimon recently said that he felt safer in Lebanon than when Occupy marched past his house. If nothing else, it proves Wall Street bankers haven't gotten any better at risk management than when their bad bets crashed the economy and caused the Great Recession.

Let's Make a Deal: The Bail-Out of Wall Street in Unusual and Exigent Circumstances

L. Randall Wray | Posted 04.17.2012 | Business
L. Randall Wray

There is little doubt that the global financial crisis posed "unusual and exigent" circumstances that had to be met with a huge response by the Fed (and Treasury). It is not clear, however, that the response actually mounted was legal. It was certainly not transparent.

Crash Tax: Wall Street Reparations

Leo W. Gerard | Posted 01.14.2012 | Business
Leo W. Gerard

It's time for Wall Street to pay reparations for the financial collapse it caused. It's time for a crash tax, a tiny sales tax on Wall Street transactions, the revenues from which would pay for Main Street restoration.

The 99% Seek a Just Economy, Not Just an Economy

Leo W. Gerard | Posted 12.24.2011 | Politics
Leo W. Gerard

It is another GOP ruse to firmly establish in America an economy designed for, dedicated to and directed by corporations rather than a just economy controlled by and beneficial to the 99 percent.

It's Occupied!

Carolita Johnson | Posted 12.02.2011 | Comedy
Carolita Johnson


Credit Rating Ruined for Seven Years? Serial Bankrupters Know Better

Nicholas Carroll | Posted 08.09.2011 | Business
Nicholas Carroll

Credit being "ruined" doesn't really mean anything anyway, because having "good credit" simply means having good enough credit to achieve a particular goal.

Sounds of Resistance Are Growing Join Americans Fed Up With Big Finance

Kevin Zeese | Posted 05.31.2011 | Politics
Kevin Zeese

Are you tired of big banks making record profits, paying giant executive salaries and bonuses and then cooking the books so they avoid paying taxes? We are.

The War on Workers: L.A. Is On!

James P. Hoffa | Posted 05.25.2011 | Los Angeles
James P. Hoffa

It's not just about red states and blue states, it's not about public sector versus private sector workers, and it's not about any of the other propaganda that gets thrown around to divide Americans. It's about all of us.

Rescue Choppers or Corporate Jets?

Dylan Ratigan | Posted 05.25.2011 | Politics
Dylan Ratigan

In all the footage of people being saved, I haven't seen one mega-bank rescue anyone. I saw help from a lot of volunteers, firemen, rescue workers, doctors, nurses, etc. But not one bank.

Making the Case Against Mortgage Banksters, Part Two: Financing Prosecution

Nicholas Carroll | Posted 05.25.2011 | Business
Nicholas Carroll

The Federal government has now let former Countrywide CEO Angelo Mozilo go scot-free, paying less than 10% of his assets in fines, with no admission o...

The 10 Reasons the Banksters Get Away With It

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Hats off to writer Matt Taibbi for staying on the Wall Street crime beat, asking in his most recent report in Rolling Stone: "Why Isn't Wall Street in...