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
The federal government works for Goldman and not for us. Indeed, when it comes to the banking bailout, Goldman Sachs is the government.
After losing my job, I watched Lehman's stock price until the whole ship went under last fall. I needed a new source of income, so I moved to Dublin, Ohio to work for a lawn care company.
People are speculating on derivatives and derivatives of derivatives because there's no action in the real world.
This is not the economic version of the Cold War and the search for a new financial sector architecture does not mark the death of capitalism.
Obama's policies are likely to fail because they don't get at the real cause: The financial crisis is a direct result of the redistribution of wealth to the very top of the income ladder.
Even before the home bubble burst, homes cost too much for more than four out of ten Americans. About 7.5 million people were spending more than half of their income on housing costs.
The significance of every generation will be examined, interpreted and reinterpreted, but in reality, the distinctions between them aren't so clear.
With the demolition of Wall Street firms, something important is disappearing too: their share price data from the stock exchanges.
by Zach Carter, TMC MediaWire Blogger Some of the largest U.S. banks may be on the ropes these days, but the disparity between the plight of financ...
If anything, this seems the time to get the pitchforks going, to intensify the pressure, to make noise and press for change.
Why would Merrill's senior management, with BofA's acknowledgment, base their internal year-end projections on the assumption that securities prices would recover so sharply?
No one has been more persistently effective in paving the way for the financial swindles that enriched the titans of finance while impoverishing the rest of the world than Lawrence Summers.
Surely there is nothing new about double standards in business and finance, especially in the current crisis. In fact, there may even be a rising double standard for what constitutes a double standard.
Exactly how high were the welfare recipients at AIG, Citi Group, Lehman Brothers, Merrill Lynch, GM, and Bank of America?
Don't say it can't happen. The Romans went bankrupt. So did the Soviets, Enron, ...
A hot new trend among traders is betting on packages of energy and agricultural futures. Kind of like the bankers bet on subprime mortgages, traders recently invented Collateralized Commodity Obligations.
