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Investment Banks

The Big Banks' Battle Against Consumers and Homeowners

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

Trying to build a new agency whose actual mission is to act on behalf of consumers in times like these is a treacherous undertaking, and Elizabeth Warren is battling on two major fronts of her own.

Complexity Theory and the Failure of Financial Reform: Part Two

Peter Schwartz | Posted 05.25.2011 | Politics
Peter Schwartz

In Part One of this essay, we mapped the tactile, political surface of financial reform - focusing on the ideas and behaviors of individual political ...

Complexity Theory and the Failure of Financial Reform: Part One

Peter Schwartz | Posted 05.25.2011 | Politics
Peter Schwartz

This is a two-part essay about the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a 2,300-page piece of legislation ...

No More Ritalin and Reality TV for Our ADD Nation

Howard Steven Friedman | Posted 05.25.2011 | Politics
Howard Steven Friedman

American's short attention span hops from critical issues to trivialities with the delicate ease of an Olympic gymnast. Our tendency to be drawn into...

Goldman's Empty Promises

Charles Gasparino | Posted 05.25.2011 | Business
Charles Gasparino

Goldman Sachs has completed its first ever top to bottom review of its business practices and it looks like we can expect nothing but more of the same from them going forward.

A Formula for Failure

Michael Bendetson | Posted 05.25.2011 | Politics
Michael Bendetson

The Great Recession has exposed a major flaw in the American economy beyond risky derivatives: an intellectual elite that now seeks success at the expense of our society -- instead of through it.

Norway Complicit in Human Rights Abuses in Burma: New Report

Matthew Smith | Posted 05.25.2011 | Business
Matthew Smith

If you're knowingly invested in companies contributing to human rights abuses, you're complicit. But like Norway, you can avoid that complicity by selling your shares in the problematic company.

PHOTOS: Banker Lands Interviews With Overzealous PowerPoint Presentation

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Writing cover letters in PowerPoint apparently works wonders. An applicant for an analyst job at Citigroup scored an interview after submitting an 11...

Creating an American Latvia

The 14th Banker | Posted 05.25.2011 | Business
The 14th Banker

While inefficient or ineffective government is a problem, it pales relative to the effects of the power structures dividing up the wealth in a way the average citizen cannot grasp.

SEC Investigating Deal Between JPMorgan And Hedge Fund Magnetar

Pro Publica | Jesse Eisinger and Jake Bernstein | Posted 05.25.2011 | Business

The Securities and Exchange Commission is investigating whether JPMorgan Chase allowed a hedge fund to improperly select assets for a $1.1 billion dea...

Citizens United, an Assault on Our Democracy, Needs a Constitutional Amendment

Pearl Korn | Posted 05.25.2011 | Politics
Pearl Korn

To neutralize Citizens United, we must have a Constitutional Amendment to retake our democracy. It won't be an easy fight, but it is a fight worth having, as our democracy depends on it.

How to Invest in Exchange-Traded Funds

Irene Aldridge | Posted 05.25.2011 | Business
Irene Aldridge

Portfolio diversification is often simplified as spreading one's nest eggs among several baskets. Should a stock in one basket drop (and crack), eggs in another basket will stay whole.

PHOTOS: Students' Picks For The World's Best Employers

The Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Where does the world want to work most? Employer branding firm Universum asked a group of 130,000 student job seekers living in the world's 12 largest...

Volcker Pulls No Punches, Slams 'Broken' Financial System, Banks

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Paul Volcker pulled no punches Thursday in a speech at the Federal Reserve Bank of Chicago, criticizing nearly all aspects of the nation's financial s...

'Aftershock': When CEO Compensation Is Out Of Control

Robert Reich | Posted 05.25.2011 | Books
Robert Reich

The social contract worked to everyone's advantage, because it gave the middle class the buying power to keep the economy going. Even those at the top did well as the economy boomed.

'The Great American Stickup'

Robert Scheer | Posted 05.25.2011 | Books
Robert Scheer

Clinton betrayed the wisdom of Franklin Delano Roosevelt's New Deal reforms that capitalism needed to be saved from its own excess in order to survive, that the free market would remain free only if it was properly regulated in the public interest.

William Alden

Bank Of America CEO: Our Growth Will Come From Abroad | William Alden | Posted 05.25.2011 | Business

Speaking at at an industry conference today, Bank of America CEO Brian Moynihan said his bank, the country's largest by assets, will continue selling ...

The Great American Stickup

Robert Scheer | Posted 05.25.2011 | Books
Robert Scheer

The big cop-out about the banking meltdown has been the argument by those most complicit that there was "enough blame to go around" and that no institution or individual should be singled out for accountability.

Welcome to the Wonderful World of the High Net-Worth

April Rudin | Posted 05.25.2011 | Business
April Rudin

I enjoy and value teaching others how to network amongst the rich and famous. I am just awaiting the day when I can change sides from an offensive position to the defensive side.

Fired Analyst Loses Multi-Million Dollar Arbitration Against Former Employer

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

Rodman & Renshaw and other Claimants filed a FINRA Arbitration Statement of Claim (initially in October 2006 and thereafter as amended) against Respondent Matthew N. Murray.

Goldman Going Green? Bank Backs Algae Fuel Startup IPO

Reuters | Steve Eder | Posted 05.25.2011 | Business

NEW YORK, Aug 31 (Reuters) - No client is too small for Goldman Sachs Group Inc (GS.N) these days, even a company with no revenue that's owned by a h...

Goldman Sachs' Abacus Investigations Continue

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

The $550 million settlement reached between Goldman Sachs and the Securities and Exchange Commission last month was not the end of investigations into...

Goldman Sachs' Derivatives Generated 35% Revenue

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

Goldman Sachs made up to 35 percent of its 2009 revenue from derivatives, according to recent documents disclosed to the Financial Crisis Inquiry Comm...

Investment Fund Chairman on Climate Change: Grantham Says Buy It

Janet Ritz | Posted 05.25.2011 | Business
Janet Ritz

Investors, take note. One of your own has weighed in on the fact of climate change and has recommended that you buy it.

Goldman Sachs Fumbles! Can Competitors Recover the Ball?

Damien Hoffman | Posted 05.25.2011 | Business
Damien Hoffman

Over the past decade, Goldman Sachs ran up field like Alabama football's Heisman Trophy winner Mark Ingram. However, yesterday the SEC spearheaded Goldman like NFL superstar Ray Lewis. Fumble!