If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
The Blog
In their current form, derivatives are basically government insurance for banks where taxpayers pay the claims. And politicians like Gregg and Nelson are fighting to keep the crooked $600 trillion derivatives market unreformed.
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.
When was the last time a Las Vegas casino was bailed out by the US taxpayer? That's why Wall Street is so concerned about the the public's hatred of Goldman spilling over to force lawmakers to consider some drastic reforms.
Goldman Sachs is at a crossroads. Either they can significantly change their image in our society or they can face the consequences.
For a little balance on the deal reached between New York City's residential building owners and their hard working janitors and doormen -- It's not a...
The sidewalk outside the Wells Fargo Bank office at 17th & Broadway in Denver will host two Main Street actions in support of strong financial reform legislation in the U.S. Senate.
Anyone can talk tough when markets are calm. But in the middle of a financial crisis it takes a special breed of hard-ass to insist on haircuts, since no one can be sure that squeezing creditors won't shut down the entire bond market.
Wall Street is our secular religion. As with more traditional beliefs, faith trumps reason. That explains our willful blindness to the obvious scam, the fantastic story told to us by billionaire bankers.
Organizers believe that the recent victory on health care reform will help propel a similar movement to take on banking giants.
If McConnell-style deceit about the financial reform bill continues in the Senate, serious regulatory reform won't happen. Half measures won't work. Only robust financial reform will end Wall Street's freedom to deceive.
Obama's working from a flawed theory: "There is no dividing line between Main Street and Wall Street. We are all in this together as one nation." Really? The entire story of this crisis is about how we are not in this together.
John Coatsworth is not surprised that inviting a banking CEO to the Columbia School of International and Public Affairs commencement has led to negative reactions from students. But he will not reconsider.
The Republicans are acting like they are now in "negotiations" over what could be a "bi-partisan" bill. In fact they are being forced to retreat by public opinion that is demanding to hold the Wall Street Banks accountable.
The choice of Citigroup CEO Vikram Pandit as this year's graduation ceremony speaker has caused anger among some students at Columbia's School of International and Public Affairs.
When you blame everybody, then nobody is responsible. Everybody did not receive, as Robert Rubin did while holding his position at Citigroup, $14 million annually.
