Goldman's Profits Come from Our Pockets: Why We Need a Tobin Tax
While Wall Street's welfare queens have been busy collecting generous government handouts, the 50 states have been left to fend for themselves.
While Wall Street's welfare queens have been busy collecting generous government handouts, the 50 states have been left to fend for themselves.
While Satan said he was "delighted" by the bonuses being paid out to Wall Street executives this year, he was clearly miffed that his role in the financial firms' successes had been largely ignored.
The only thing worse than Goldman Sachs amassing billions in bonus money for its executives, based on various government subsidies and bailout measures, is listening to it try to explain it all away.
Goldman executives had argued that the deal would provide much-needed capital to Fannie Mae, which it could use to finance additional low-income housing.
Yes! We should celebrate the passing of this Health Care Bill in the House. Yes, this is the way democracy has worked from its start in this country w...
The Billionaire Bailout Society is not a shared society. We're not in it together. What's good for Wall Street is not good for the rest of us...they even get their swine flu shots before we do.
This week I had an opportunity most Americans would relish, just as I did. I was able to unload on two top executives of Goldman Sachs who descended from on high to my office to 'educate' me on bonuses.
With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.
It is long past time that our government take seriously and study intensely how oil prices are determined in a world of OPEC, speculation, timid oversight and failing transparency.
This story is not just a story about simple greed or securities fraud, it's a story about a company that has gotten so big and powerful that it can manipulate markets at will.
A criminal gang of rich white guys in New York did some extremely reckless things with the nation's collective wealth, and the middle class got clobbered.
If life still sucks for you: you're still unemployed, depressed, broke, homeless, or scraping by on food stamps, don't worry. You're not alone.
One of AIG's goals last fall was to persuade the counterparties to the credit default swaps it had written to accept buyouts as low as 40 cents on the dollar. Then Tim Geithner, head of the New York Fed, stepped in.
The world's concentrated financial sector has been grabbing more than its fair share of wealth. We desperately needs Glass-Steagall on steroids.
Clif, 71, husband of Rep. Carolyn B. Maloney, passed away in September after climbing one of the tallest mountains in the world, Mt. Cho Oyu, between Nepal and China.
At first, it looked like the recession was going to be a disaster, but now it's is over, so in the end, all's well that ends well. Right?
Two ideas are floating around Washington regarding how to handle 'too big to fail' banks, but only one is supported by the Treasury and the White House. Unfortunately, it's the wrong one.
When it comes to dealing with Wall Street, President Obama seems to have traded in his position as our economy's commander-in-chief for a different role: pundit-in-chief.
A news item appeared this week that at least seems to offer reasonable hope that Goldman is beginning to use its good fortune to help remedy the foundering fortunes of Main Street America.
Goldman Sachs, poster child for the double-edge sword of mega-success, now finds that even an act of charity brings rebuke.
For the past 30 years we have minted billionaires, and we have created the most unequal distribution of wealth since 1928-29. This didn't happen by accident.