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Dougan vs. Blankfein -- Compensation Smackdown!

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

Word comes from Credit Suisse that Brady Dougan, the Chief Executive of that fine fiduciary institution, earned $17.9 million in 2009, which is six times more than he made in 2008.

Majority Of Americans Want Regulation And Despise Wall Street, According To Poll

Bloomberg.com | Posted 05.25.2011 | Business

March 24 (Bloomberg) -- Americans are leery about creating a new federal agency to make consumer-protection rules for mortgages and credit cards and w...

In Defense of the Volcker Rule

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Some version of Wall Street reform is going to pass the Senate this week, but before it does, there are still three crucial battles to be waged, all of which would significantly change the way Wall Street does business.

Make Wall Street Pay for Creating New Jobs

Richard Trumka | Posted 05.25.2011 | Business
Richard Trumka

$9 million in stock options as a 2009 bonus for Goldman Sachs CEO Lloyd Blankfein is now considered a big concession from Wall Street. Before we all start applauding, let's take another look at what's really happening on Wall Street.

The Uncosted Rewards of Bankers' Bonuses

Reggie Middleton | Posted 05.25.2011 | Business
Reggie Middleton

Main Street is absolutely flabbergasted that bankers do not understand the core issues of this bonus question. Allow me to clearly outline the problem and propose a solution.

Robert Rubin: Why Won't He Go Away?

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Having inflicted enormous damage on tens of millions of families who have lost their jobs, their homes and/or their life's savings, it would be nice if Rubin could have the decency to fade from the public scene.

Bankrupt Tribune Pays Large Incentive Bonuses to Top Executives: Where's the Incentive Though?

Maury Slevin | Posted 05.25.2011 | Business
Maury Slevin

If you think a bankrupt company that has spent the past year laying off 3,000 employees, cutting severance packages, and freezing salaries would adopt frugal executive compensation packages, think again.

3 Words I Wish Big Finance Would Learn

Dr. Jim Taylor | Posted 05.25.2011 | Business
Dr. Jim Taylor

It has been shocking and bewildering to watch the behavior of some of the top banking CEOs in recent months, punctuated by the appearance of four of these executives before Congress last month.

The F Word: Better Uses for Bankers' Billions

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

What could be done with the $20 billion in Wall Street bonuses paid out this year? You could pay the salaries of more than 390,000 public school teachers across the country.

Wall Street Bankers Are Overpaid, Says Morgan Stanley Chairman John Mack

Bloomberg | Posted 05.25.2011 | Business

Morgan Stanley Chairman John Mack said investment bankers are overpaid and Wall Street compensation won't decrease much because firms don't want to lo...

Bonus Time

Jeff Danziger | Posted 05.25.2011 | Business
Jeff Danziger

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Bonus Watch

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Ordinarily, I don't care how much members of the brass make. Success is a beautiful thing, right? But with this round of Wall St. bonuses, the companies would not be standing without taxpayer-funded rescues.

Grayson Explains Capitalism To Banks (VIDEO)

Posted 05.25.2011 | Politics

"In capitalism, winners have to win and losers have to lose." Representative Alan Grayson (D-Fla.) laid out one of the most basic principles of capi...

$9 Million Bonus For Goldman Sachs CEO Lloyd Blankfein

Posted 05.25.2011 | Business

After much anticipation and speculation, the number everyone on Wall Street has been waiting to hear was finally released late Friday: the bonus haul ...

Democrats Launch New Push To Tax Bonuses

The Hill | Silla Brush | Posted 05.25.2011 | Politics

Democrats in the House and Senate are making a new push to tax bonuses at large financial firms that received bailout money. The new efforts come aft...

The Dalai Lama Brings Back Obama's Mojo

Michael B. Laskoff | Posted 05.25.2011 | Politics
Michael B. Laskoff

David Plouffe is clearly a man with a plan to repair the president's standing and help the Democrats retake the initiative.

Before And After Obama's Speech, With Populist Caucus Chair Bruce Braley

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

The news from the White House for the past week, post-Massachusetts and pre-State-Of-The-Union, has had a decidedly Populist bent to it. So, when thi...

The Next Great Recession Will Occur in This Decade

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

I am writing a novel. It is about the next Great Recession that will occur in this decade. The book's subtext will cite the next Great Real Estate Bub...

How to Live on $0 a Day: Finding Job Opportunities in a Trickle-Down Economy

Lesley Stern | Posted 05.25.2011 | Comedy
Lesley Stern

Are you one of the many Americans despairing that the trillions in taxpayer dollars spent stabilizing the economy still hasn't translated into job creation? Be patient, grasshopper, work will come.

State of the Union: Is Obama Ready to Make the Middle Class His Priority?

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

Will the president throw everything he has at the crisis the middle class is facing -- just as he did for Wall Street? Or do we need to become Brazil first, with the super-rich living behind fortified gates, with guards protecting their children from kidnapping? READ MORE Obama's State of the Focus Group Speech Sleep Challenge 2010: Trying to Get Enough Sleep While Logging More Air Miles Than Clooney in Up in the Air Sleep Challenge 2010: Sleep As the Key to Happiness and Peak Performance WATCH: Arianna on Squawk Box Discussing Need for Obama to Do More About Jobs WATCH: Arianna Discusses Intersection of Politics, Media, and Money on Canadian TV WATCH: Arianna Reviews Obama's State of the Union Speech on Larry King Live

Jim Wallis Talks Wall Street Ethics, Move Your Money On 'The Tavis Smiley Show'

The Tavis Smiley Show | Posted 05.25.2011 | Business

Tavis: Always pleased to welcome Jim Wallis to this program. The president and editor-in-chief of "Sojourners" is also a best-selling author whose lat...

On the great bonus debate

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

Every once in a while something occurs that suggests you're just talking to yourself. Last week I spoke briefly to radio's Marketplace about a short p...

Weekly Audit: Fighting Economic Inequality in Haiti and at Home

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

By Zach Carter, Media Consortium Blogger Rampant poverty can't be written off as the result of historical accident or a worker's incompetence. It is ...

2010: The Year Main Street Sticks It to Wall Street and Washington

Don McNay | Posted 05.25.2011 | Business
Don McNay

If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.

Bankers, Take a Lesson From Mark McGwire

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Wall Street's public relations are a train wreck. I have no prior experience in corporate communications. But here's my action plan to clean up the mess: