Whatever Obama decides to do in Afghanistan is of little consequence compared to Wall Street's ongoing "plutonomy."
The historic profits notched by the nation's biggest banks are starting to have a positive impact on the broader economy, with the cocaine and hooker sectors showing striking gains.
The real issue for regulators around the globe is a serious definition of the financial world we want to live in. The current focus nearly exclusively on the banking sector could cause authorities to miss the broader picture.
Taibbi, Rolling Stone magazine's teen heartthrob, became a sensation last month after calling Goldman Sachs "a giant vampire squid wrapped around the face of humanity."
New York Times' reporter Andrew Ross Sorkin's excerpt microscopically examines the actions of some key regulatory and Wall Street players, in this case during the period immediately after Lehman failed.
Imagine you are Ken Lewis, who yesterday announced his decision to take early retirement from his position at Bank of America. You want to understand why Ken walked? Look at it this way...
A quick survey of market catastrophes reveals that autumn is not only when the traditional harvest comes in, but also when we reap what we have sown -- whether it's corn or bad economic policy.
Tonight, at the Venice Film Festival, I will premiere my new movie, "Capitalism: A Love Story." After 16 months of production, I am proud to present this work of mine to you. It is unlike anything you'll see this year.
It's a crime story. But it's also a war story about class warfare. And a vampire movie, with the upper 1 percent feeding off the rest of us. And, of course, it's also a love story. Only it's about an abusive relationship.
Why has it been left to one stellar judge to sound the alarm on Bank of America and Merrill Lynch, and why is Congress and the Obama administration looking the other way?
Health care reform hangs in the balance at the same time we learn that nine banks, all recipients of federal bailout support, paid an astounding $33 billion in bonuses in 2008.
We will prove that the best thing you can do for capitalism is to have rules that give investors the confidence to get back into the system, that protect the great majority of decent people from abuses.
The fallout of Paulson's two disastrous decisions (to let Lehman fail and reverse his position on foreclosure relief) prompted the former Treasury Secretary to abuse his powers, with some not-so-veiled threats.
This ideology didn't just happen. It was four decades in the making. Sachs and Stanley refined it; private equity and financial engineers distilled it; Merril, Stearns and Joe the Plumber got drunk on it.
For months, Conservatives have been in search of an attack issue to rally around. They've also been desperately searching for someone credible to lead...
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.