$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.
Wall Street firms believe nothing has changed. The terrible truth is that so far, thanks to their own continued success in lobbying for their narrow interests, they are right.
Those who wonder whether public anger at big banks and the Move Your Money sentiment sweeping the country is substantial enough to impact these giants need only look at their new marketing approach.
There is a great deal the president could do to change the psychology of the oil market and put downward pressure on prices. We don't have to accept $4/gallon oil on a permanent basis.
Testifying today before the TARP Congressional Oversight Panel, Vikram Pandit claimed that Citigroup is on the side of the angels -- in this case, the side of real financial reform.
Since complaining about the Wall Street bailout is like crying over spilt milk, let's just revel in awe over the cosmic hypocrisy of corporate socialism in a country that prides itself on exporting free market policy while demonizing socialism like Orwell's Eurasia and Eastasia.
Citigroup CEO Vikram Pandit will appear before the TARP oversight panel today. And, let's face it, if you want to expose Wall Street's hubris, mismanagement, and executive incompetence Citi is the low hanging fruit.
It's a mistake for contemporary liberals to give up on the old progressive project of exerting democratic control over economic institutions. In fact, it's a mistake that has backfired on the Obama presidency.
College seniors are entering a world of money -- and without very much preparation for what is about to hit them.
The Volcker Rule must be expanded to significantly help reduce systemic danger. Most important is to expand restrictions to investment banks, as well as to the "shadow" banking and financial world.
Big banks impose much higher costs on their customers than small banks and credit unions do. Moving our money could save us billions of dollars a year.
As the Greed Olympics heats up, it is time for Americans to stop being spectators. The President and Congress shouldn't be the only ones judging the competition and handing out the medals.
I get it. People are angry about the bailout. They hate the fact that the government used taxpayer money to pay off a bunch of rich, Wall Street fat c...
This year's award goes to SIFMA (the lobbying group for banks like Citigroup and B of A) who created a multinational "cashroots" campaign to portray its clients as "part of the solution" to the financial crisis.
As we start down the path of breaking up with the big banks and defending our own economic interests and that of our communities, we should think about the whole range of financial services we use.
Citigroup and Bank of America crippled the banking system more than most people know; but Paul Volcker, one of the few who could bring our banking system in line, knows. There's nothing he doesn't know.
On Thursday, President Obama announced his most sweeping financial reform proposal to date, calling for a limit on the size of the nation's financial ...
We await word from Citigroup, JP Morgan Chase, Wells Fargo, and Bank of America. My hope is that they will make sure that every dollar donated to earthquake relief gets directly to the people of Haiti.
I would like to participate in Arianna's movement but I am way ahead of her. Since age 16, I have always banked in community banks. You will be doing yourself, and all of America, a favor when you tell the big banks to kiss off.
My first HuffPost Book Club selection of 2010 is Janine Wedel's Shadow Elite, a gripping book that explains why it's been so hard to bring about any real change in America.
My late mother used shopping as a hobby. If she were still alive, I wonder if she would be looking for something else to occupy her time. It seems many Americans are.
