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Amy Lee

Some On Wall Street May Go Without Bonuses This Year | Amy Lee | Posted 05.25.2011 | Business

Not everyone on Wall Street will see a six-figure bonus this season. In fact, some employees won't receive any bonus at all. According to the New Yo...

Losing the Battle, but Winning the War

Hoyt Hilsman | Posted 05.25.2011 | Politics
Hoyt Hilsman

The latest figures on wealth distribution are nothing less than shocking. The top one percent of Americans now control about 35% of the total economi...

NerdWallet's Top 5 Credit Card Sign-up Offers, Fall 2010

Tim Chen | Posted 05.25.2011 | Business
Tim Chen

For spending $1,500 in the first 6 months on your Citibank AAdvantage Platinum Select, you can get enough miles to get a free roundtrip flight to Europe and still have miles left over.

Big Banks Will Clean Up This Mess -- When We Demand It

George Goehl | Posted 05.25.2011 | Business
George Goehl

In the years since the nation's largest banks were bailed out by taxpayers they have shown very little in the way of thanks. They can begin demonstrating some gratitude by rebuilding what they broke.

Wall Street Braces For Layoffs And Lower Bonuses

The Huffington Post | William Alden | Posted 05.25.2011 | Business

The national wave of layoffs may have finally reached the financial sector. As Wall Street profits shrink, big banks may soon resort to firing employ...

Citigroup Will Pay New Hire $30 Million

Huffington Post | William Alden | Posted 05.25.2011 | Business

UPDATE: A Citigroup spokesman told the Huffington Post that it it did not make a multi-year guarantee to Trauber and that it did not confirm that Trau...

Goldman's CEO Made $125M In Bonuses Over Past Decade

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Lloyd Blankfein, CEO of Goldman Sachs, took home $125 million in cash bonuses over the past decade, Bloomberg reports. Shareholders, however, haven'...

Irish Militant Group Threatens Bankers With 'Punishment Shootings'

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Northern Irish militant group Real I.R.A., an offshoot of the Irish Republican Army, has turned its violent focus on bankers and banks, in response to...

Rod Kurtz

Ask Rod, Episode 13: Should I Find A Partner? | Rod Kurtz | Posted 01.26.2012 | Small Business

Executive Editor Rod Kurtz helps a seasonal business diversify and advises a disgruntled employee. Plus, Barry impostors!...

Where Are the Prosecutions? SEC Lets Citi Execs Go Free After $40 Billion Subprime Lie

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

What is the penalty for bankers who tell $40 billion lies? Somewhere between nothing and a rounding-error on your bonus.

So You Want to Be a Millionaire? Run a Community Health Center!

Donna Fish | Posted 05.25.2011 | New York
Donna Fish

Made sense to me that the guys on Wall Street were walking the "Hall of Shame" as they were pocketing bonuses from a bigger than ever profit year at t...

Congress Goes to Bat for Wall Street

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

No matter what else is ultimately enacted in the name of Wall Street reform, Congress decided last night that it will not confront the single greatest problem in the U.S. economy: Too Big To Fail.

I'm Marching Today to Make Wall Street Pay

Richard Trumka | Posted 05.25.2011 | Business
Richard Trumka

Our message is simple: Big Banks tanked our economy and took our money when they needed a bailout. Now they're thumbing their noses at our communities but making billions in profits. It's time they pay up.

Goldman Sachs: a Hedge Fund Managed by Traders?

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

What became completely obvious for all the world to see is that Goldman Sachs is a hedge fund, and that it is only interested in clients as screens for their own proprietary trading activities.

Republicans Filibuster Our Financial Future

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

With two-thirds of the nation supporting reform, any political party that throws in its lot with Wall Street will pay a major price come November. No amount of Wall Street campaign cash can counter voter outrage.

Goldman Sachs, Goldfish Eat Their Young

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Junior employees are expendable. Like goldfish, investment banks eat their young when brand-protection and self-interest make cannibalism seem rationale.

They Keep Stealing -- Why Keep Paying?

Dylan Ratigan | Posted 05.25.2011 | Business
Dylan Ratigan

Nearly a quarter of all Americans are currently underwater in their mortgage, and if you are one of them, chances are you didn't do anything wrong. You didn't cause this mess. They did.

Saleem Khatri, British Banker, Angry With $230,000 Bonus Is Awarded $2.14 MILLION By Courts

Telegraph | Posted 05.25.2011 | World

A city trader who was disgruntled at only receiving an annual bonus of £150,000 won a High Court appeal demanding that his employers award him �1.4...

Video: How Else to Spend Goldman's $5.5 Billion in Bonuses

Sally Kohn | Posted 05.25.2011 | Politics
Sally Kohn

What else could we do with $5.5 billion in bonuses Goldman Sachs is giving its employees for the first three months of 2010? You'd think that after r...

Goldman Sachs in Troubled Waters

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

Wall Street has long forgotten how to spell "ethical" or "good," and replaced it with "compliant" and "legal." The time has come to explain to investment banks what their responsibility and accountability are.

Is Financial Reform Bad for New York?

Harry Moroz | Posted 05.25.2011 | New York
Harry Moroz

One might think, in this era of environmental consciousness, that a prominent national politician would avoid comparison to Big Oil, Big Coal, and Big Auto. Not Mayor Bloomberg.

WaMu Executives Knew Of Rampant Mortgage Fraud And Failed To Act

HuffPost Investigative Fund | David Heath | Posted 05.25.2011 | Business

One of the central unanswered questions of the financial crisis is whether bank executives knew fraud was rampant within their mortgage loans. A Sen...

Capitalism's Achilles Heel: The Cassano Loophole

Cenk Uygur | Posted 05.25.2011 | Business
Cenk Uygur

Jospeh Cassano was the head of AIG's Financial Products Unit. They are the ones that made about a trillion dollars worth of bets in credit default swaps. They lost. Except because of the Cassano loophole, they won.

Book Review: The Big Short

Norb Vonnegut | Posted 05.25.2011 | Home
Norb Vonnegut

Michael Lewis has written a terrific book that enables you to draw your own conclusions about the good, the bad, and the ugly on Wall Street.

America Needs Jobs, Big Banks Need to Pay

Richard Trumka | Posted 05.25.2011 | Politics
Richard Trumka

Wall Street got our bailout money after fueling an economic disaster that has left America's workers without jobs and communities without hope. Now we need to see some returns. Here's what needs to be done.