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The Rest of Wall Street Is Beginning to Fear the Goldman Spillover

Charles Gasparino | Posted 05.25.2011 | Business
Charles Gasparino

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.

Three Modest Proposals For Goldman Sachs

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Goldman Sachs is at a crossroads. Either they can significantly change their image in our society or they can face the consequences.

WATCH: Wall Street Poker After Dark

Matthew Filipowicz | Posted 05.25.2011 | Comedy
Matthew Filipowicz

Watch as the most corrupt "Too Big To Fail" bank CEOs play a spirited game of "Taxpayer Hold 'Em"! Not with their money, but with yours!

Swap Till You Drop: Will Frank Protect Munis from Wall Street's Ticking Time Bombs?

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

As the fight for financial reform on Capitol Hill enters its final stages, it is worth reviewing what is being done to protect states and localities from the Wall Street con.

Will the Real Obama Please Stand Up for Reform? Six Ways to Know if the Financial Reforms Are for Real

Les Leopold | Posted 05.25.2011 | Politics
Les Leopold

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.

Green Reasons to 'Move Your Money': Big Banks and King Coal

Rebecca Tarbotton | Posted 05.25.2011 | Green
Rebecca Tarbotton

While taxpayers were bailing banks out of the financial crisis, banks have been busy funding the climate crisis.

Goldman Accused of Cutting the Brakes

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

One of the most salient analogies of the financial meltdown was offered by Financial Crisis Inquiry Commission chair Phil Angelides when he grilled Go...

JPMorgan Sends Mining Team To Afghanistan

New York Times | JAMES RISEN | Posted 05.25.2011 | Business

WASHINGTON -- Mining companies around the world are eager to exploit Afghanistan's newly discovered mineral wealth, but executives of Western firms ca...

Simon Johnson, James Kwak On 'Bill Moyers Journal' (VIDEO): 13 Bankers Authors Explain Financial Crisis, Reform Effort

Posted 05.25.2011 | Business

Simon Johnson and James Kwak, the authors of 13 Bankers, appeared on "Bill Moyers Journal" Friday evening to discuss the financial crisis and the push...

Does a Kosher Butcher's Fraud Mandate a Life Sentence?

Rabbi Shmuley Boteach | Posted 05.25.2011 | Politics
Rabbi Shmuley Boteach

Rubashkin is no hero. Whatever the nobility of his intentions, he is a poor example to religious youth. His behavior must and should be condemned. But he is no monster either.

Banking in America: Swimming in the Deep End

Dennis Santiago | Posted 05.25.2011 | Business
Dennis Santiago

It occurred to me that, somewhere along the way, people might be curious about understanding bigger banks in some context other than political vilification.

Big Banks vs. American Businesses: "Section 716" Forces Congress to Choose

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

The debate over derivatives has become a proxy fight that pits American businesses -- the engines of economic growth -- against the megabank lenders who have been using publicly provided discounts to make out like bandits.

JP Morgan Chase Lectures America on the Sanctity of Contracts

Rabbi Shmuley Boteach | Posted 05.25.2011 | Business
Rabbi Shmuley Boteach

There are moral, decent, and charitable people on Wall Street. But as an industry, it is becoming a graveyard of ethics and a carnival of consumption.

Republican Defenders of Wall Street Beware: The Tea Party Is Coming

Robert Creamer | Posted 05.25.2011 | Business
Robert Creamer

Wall Street is a powerful political "wedge" issue. Lining up with the Wall Street Banks this spring is going to be really bad politics for Republicans this fall.

JPMorgan Chase Profits from Destruction in Appalachia

Gloria Reuben | Posted 05.25.2011 | Green
Gloria Reuben

JPMorgan Chase's success is based, in part, on being the largest underwriter of coal companies that engage in mountaintop removal coal mining, which has turned countless Appalachian communities into ghost towns.

Titanic: Too Big to Fail

Michael Kaplan | Posted 05.25.2011 | Business
Michael Kaplan

Nothing is too big to fail; instead, the bigger it is, the more insidious and devastating its modes of failure must be. Engineers, at least, know this: it seems someone forgot to tell the bankers.

Charter Vultures Circle the Public Schools

Alan Singer | Posted 05.25.2011 | New York
Alan Singer

We our now entering the second round of "Race to the Top." State legislatures are busy worshiping at the alter of "charter schools" in order to establish their eligibility.

What Big Banks Fear More Than the CFPA

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

At stake in the financial reform debate is an issue that has received far less attention than the CFPA, but is at least as important: Whether Congress will restore the authority of states to oversee national banks.

The 10 Most Disliked Companies In America: Harris Interactive

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

How much does the public value corporate leadership? Harris Interactive's latest corporate reputation survey, which measures how Americans view some ...

Today Is the Day to Cut Up Your Credit Cards (VIDEO)

Don McNay | Posted 05.25.2011 | Business
Don McNay

It never ceases to amaze me how many people think they are smarter than the credit card game. It reminds me of people who are trying to outfox casinos.

Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011 | Books
Don McNay

Gary Rivlan notes in his book, Broke USA, "the working poor have become big business." You wouldn't think that poor people would be a growth market, but businesses make big money off people who live paycheck to paycheck.

The Fed in Hot Water

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Much of what Ben Bernanke and Tim Geithner did in 2008 was presumably necessary. But the public has no way of knowing. The public doesn't even know who else the Fed has bailed out, or what entities it will bail out in the future.

The F Word: CA Banks: Who Are They Working For?

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

Does it seem right to you that a state's ability to stay afloat should be the stuff of secretive betting pools? That's just what's happening. While st...

JP Morgan Bank: Jobless Benefits Causing More Joblessness

Robert Garcia | Posted 05.25.2011 | Business
Robert Garcia

JP Morgan Bank is paying a man to research and publish an insulting analysis about statistics that have nothing to do with real people, their real lives and the real pressures they face.

Matt Taibbi: Wall Street Lobbyists Vs. The Rest Of The World | Matt Taibbi | Posted 05.25.2011 | Business

It's early May in Washington, and something very weird is in the air. As Chris Dodd, Harry Reid and the rest of the compulsive dealmakers in the Senat...