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Finance

BadCustomer.com: Credit Card Chargebacks Can Leave You On Obscure Blacklist

Wallet Pop | Posted 05.25.2011 | Business

Disputing a credit card charge by asking for a "chargeback" can lead to being put on a blacklist that merchants can check for customers who might try ...

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...

We Are The World: Toronto's 122nd Annual Board of Trade Gala

Marissa Bronfman | Posted 05.25.2011 | Business
Marissa Bronfman

It was a night humming with hope for a new era in which Toronto takes the world stage. "It's not enough to have the steak", said McKenna, "you have to have the sizzle...Toronto needs to get its swagger back!"

Financial Reform From Soup to Nuts

Reshma Saujani | Posted 05.25.2011 | Business
Reshma Saujani

Going forward, it's important that we achieve more than reasonable financial industry regulation. We also need financial industry participation to create new jobs in emerging industries.

America: The Sick Man of the Western Hemisphere

Eric Margolis | Posted 05.25.2011 | World
Eric Margolis

America has become the Sick Man of the Western Hemisphere, an economic cripple like the defunct Ottoman Empire whose inept financial management was legendary.

Fix the Income

Jamie Lee Curtis | Posted 05.25.2011 | Business
Jamie Lee Curtis

I am thinking about the millions of workers who were cut loose by their partners, their government, their businesses, their bosses, their schools, institutions. The rope has been cut.

Creating Change in the Midst of Crisis: Re-thinking Our Values

Jim Wallis | Posted 05.25.2011 | Business
Jim Wallis

Even before this crisis, the global economic system was already failing half of God's children -- three billion people living on less than $2 per day. Now is the time to bring them in and include them in the global economy.

Generation Innovation: Creating Jobs and Growth in New York City

Reshma Saujani | Posted 05.25.2011 | Home
Reshma Saujani

E.B. White once wrote that New York is "by all odds the loftiest of cities. It even managed to reach the highest point in the sky at the lowest momen...

Matt Osborne | Posted 05.25.2011 | Politics
Matt Osborne

...

New Defense For Crooked Brokers: Our Industry Is Corrupt

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

It has long been my view that no one should have an account with a retail brokerage firm. They don't have any of the skills they purport to have, like market timing, stock picking or fund manager picking.

Ryan Grim

Geithner, Summers Eclipsed As White House Changes Posture

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

Rolling out his new, more aggressive approach to Wall Street, President Obama turned to some advisers who hadn't been seen much in the past year. Stan...

Can Citigroup Carry Its Own Weight?

New York Times | ANDREW MARTIN and GRETCHEN MORGENSON | Posted 05.25.2011 | Business

OVER the past 80 years, the United States government has engineered not one, not two, not three, but at least four rescues of the institution now know...

How The US Blew The Trillion-Dollar Trade Of The Century

Bloomberg | Mark Fisher | Posted 05.25.2011 | Business

When the government was forced to bail out the financial system, our friends in Washington also had the opportunity to make the trade of the century f...

Goldman Sachs Bonuses: Columnist Says Analysts Predict $23 Billion Bonus Pool, Firm May Make Huge Donation

New York Times | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

By most analyst estimates, the annual bonus pool will swell to more than $23 billion. In its second quarter, Goldman disclosed it had put aside $11.4 ...

Is it Right To Disapprove of David Paterson?

Will Schwartz | Posted 05.25.2011 | New York
Will Schwartz

We don't need a lame duck. We need a strong executive now; one that can tame the wilds of our legislature, or at the very least stand up to its corruption.

The Daily Szep - Wall Street

Paul Szep | Posted 05.25.2011 | Comedy
Paul Szep

...

Huffington Post Readers' Picks: 10 Books That Predicted The Financial Crisis

The Huffington Post | Amy Hertz | Posted 05.25.2011 | Home

We posted a list of eight books that predicted the economic crisis and as usual, our readers had their own ideas about what we should have recommended...

Investors: Beware the Quackery of Economic Goats, Whitewashers and Charlatans

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

Today -- as global trade lies dead, as unemployment rises, as wages and incomes plummet, as US consumption and investment falls -- share prices zoom upwards and commodity prices rock.

CIT Bankruptcy Filed: US Will Likely Lose $2.3 Billion, Goldman Sachs Will Gain $1 Billion

AP / Huffington Post | By STEPHEN MANNING | Posted 05.25.2011 | Business

WASHINGTON -- Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing...

Goldman Sachs Defends Trading Practices: Dark Pools, Flash Trading, Short Selling

Telegraph | James Quinn, US Business Editor | Posted 05.25.2011 | Business

In a document handed to the US Securities and Exchange Commission (SEC), the investment bank asserts that such practices, some of which the SEC is loo...

Goldman Sachs' Black Magic, Here's How They Did It

Dylan Ratigan | Posted 05.25.2011 | Business
Dylan Ratigan

The question is not why did we bail out the banks. The question is why did we give the banks billions so they could buy assets by the trillions and keep the profits?

We Cut A Bad Deal

Rep. John K. Delaney | Posted 05.25.2011 | Business
Rep. John K. Delaney

why am I -- like you -- unsettled by headlines that show these same firms earning record profits and paying record bonuses? Because we taxpayers don't own enough of these firms. In many instances we own nothing.

The Cost of Corporate Communism

Dylan Ratigan | Posted 05.25.2011 | Business
Dylan Ratigan

The spike in unemployment, the destruction of retirement wealth, the collapse in the value of our homes, the worst recession since the Depression have all resulted directly from the abdication of proper government.

Financing a Real Deal in Copenhagen

Billy Parish | Posted 05.25.2011 | Green
Billy Parish

America mobilized $11 trillion in a little over a month to combat the global financial crisis. So when the U.S. delegation in Copenhagen says it can't come up with more money to combat climate change, the whole world hears that it just isn't that big a priority.

Going Broke in Albany, Part 1: Explaining The Budget and How We're Botching It

Will Schwartz | Posted 05.25.2011 | New York
Will Schwartz

If the Senate gets their way, in just a few years we'll end up having to gut education, Medicaid, and public assistance. In just a few months, we'll have to lay off state employees.