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goldman-sachs, giant vampire squid

Gershon Hepner | Posted 05.25.2011 | Home
Gershon Hepner

Goldman Sachs, the giant vampire squid, wrapped around our faces with a funnel, sits upon a Ponzi pyramid, preventing light to shine within its tunnel...

AIG Executives Have Repaid Just $19 Million Of $165 Million That They Promised To Give Back

Washington Post | Brady Dennis | Posted 05.25.2011 | Business

New York Attorney General Andrew M. Cuomo threatened to publicize the recipients' names, prompting executives at AIG Financial Products to hastily agr...

Obama: I Didn't Run For Office To Help 'Fat Cat Bankers'

Posted 05.25.2011 | Politics

President Obama takes aim at "fat cat bankers" and their aggressive lobbying efforts to defeat financial reform in an upcoming 60 Minutes interview se...

Where Are The Shareholders?

Norman Goldman | Posted 05.25.2011 | Business
Norman Goldman

We need corporate reform by way of requiring all shareholders to approve all pay of all executives at all publicly traded corporations. Only then will this looting insanity end.

Arianna Explains Move Your Money On Marketplace Money (AUDIO)

HuffPost Radio | Posted 05.25.2011 | Business
HuffPost Radio

Arianna made the case for Move Your Money on the radio show Marketplace Money on Friday. Move Your Money is a project that encourages account holde...

Goldman Sach's Charity Filings Reveal Foundation's Complex Trades

New York Times | GERALDINE FABRIKANT | Posted 05.25.2011 | Business

The 2008 tax filing for the Goldman Sachs Foundation, a copy of which was provided by the firm late Wednesday, provides a glimpse of the legendary tra...

Supreme Court To Hear Case About Excessive Pay; Parallels Seen In Executive Compensation

Washington Post | Robert Barnes and Steven Mufson | Posted 05.25.2011 | Business

The Supreme Court this week will hear a case that raises bedrock questions about the ability of the market to set "reasonable" corporate compensation,...

Seeking A Bore

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

Obama's proposed fee on bonuses for U.S. bankers allows the administration to boast a scalp from the financial sector even in the absence of real reform.

Bust Up the Banks Before it's Too Late

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The world's concentrated financial sector has been grabbing more than its fair share of wealth. We desperately needs Glass-Steagall on steroids.

Shakeup Needed: Time for Geithner to Go

Danny Schechter | Posted 05.25.2011 | Politics
Danny Schechter

Yes, there needs to be a cabinet shake-up. It's time to yank Tim Geithner and Larry Summers from the game. Their pro-bank, pro-Wall Street policies are failing. Isn't it obvious?

Imagine No Foreclosures... (It's Easy If You Try)

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

A spirit of enlightened responsibility and mutually assured destruction must be re-established on both sides of the equation -- lender and borrower alike.

Bloomberg Gives Over $1 Million In Campaign Bonuses

nydailynews.com | By Elizabeth Benjamin and Adam Lisberg | Posted 05.25.2011 | New York

Mayor Bloomberg's campaign staff found a little something extra in their Christmas stockings last week - more than $1 million in bonuses for a job wel...

Blankfein Interview: Goldman Sachs CEO Lloyd Blankfein Says Firm Got No Special Treatment, Plans Bonuses For 2009

The Wall Street Journal | HOLMAN W. JENKINS JR. | Posted 05.25.2011 | Business

Sitting across from me now in his comfortable office on the 30th floor of company headquarters in lower Manhattan, Goldman's CEO Lloyd Blankfein profe...

How to Live on $0 a Day: Top Gift Ideas for 2009

Lesley Stern | Posted 05.25.2011 | Comedy
Lesley Stern

If you happen to have some spare sanitary napkins around, or know where you can borrow some, you've got the makings for some cushy slippers with non-slip grip strips and a built in deodorant feature for fresh feet.

7 Things Wall Street Can Be Thankful For This Year (PHOTOS, POLL)

Posted 05.25.2011 | Business

A little more than one year after the financial crisis brought the economy to a standstill -- threatening nearly every firm on Wall Street -- one thin...

Goldman Sachs Shareholders Ask Bank To Cut Down HUGE Bonuses

Posted 05.25.2011 | Business

Think of it as an atypical example of "shareholder activism." Several of the biggest shareholders of Goldman Sachs -- which, it should be noted, has m...

Frank Rich: White House Doesn't Seem To Understand Public's Wall Street Rage

New York Times | FRANK RICH | Posted 05.25.2011 | Politics

The Obama administration does not seem to understand that this rage, left unaddressed, could consume it. It has pushed aside the entreaties of many --...

10 Things We Learned at the Financial Crisis Inquiry Commission

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

It is possible to be sorry without actually apologizing, and probably a pretty good idea. As Jamie Dimon noted, those who want apologies "have to be very specific" about their requirements.

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:

Showdown in Chicago

Richard Trumka | Posted 05.25.2011 | Business
Richard Trumka

We're gathering outside the American Bankers Association meeting to demand reform that will allow us to rebuild our communities, our lives and the real economy. We've got a lot to rebuild.

Christian Science Monitor: Mad About The Bailouts? Move Your Money

Christian Science Monitor | Posted 05.25.2011 | Business

Mad about the bank bailouts? Had enough of huge bonuses and too-big-to-fail apologies? Take your money out. That's right. Take your checking and savi...

Frank Rich: Goldman Can Spare You A Dime

New York Times | FRANK RICH | Posted 05.25.2011 | Business

As leader of the Wall Street pack, Goldman declared surging profits, keeping it on track to dispense a record $23 billion in bonuses for 2009. But mos...

Left, Right & Center: Health Care, Copenhagen, Fat Cat Bankers

HuffPost Radio | Posted 05.25.2011 | Politics
HuffPost Radio

As the left positions itself to fight for a public option will the health care reform baby go down with the bathwater? And what about those fat cat bankers who Obama scolded?

Shahien Nasiripour

Heads Of Financial Crisis Commission Call Bonuses Unjustifiable, Vow To Investigate (EXCLUSIVE)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The chair and vice chair of the federal commission charged with investigating the causes of the financial crisis had harsh words on Tuesday for the Wa...