iOS app Android app

Wall St

Little Change On Wall St. A Year After Lehman Collapse

New York Times | Alex Berenson | Posted 05.25.2011 | Business

One year after the collapse of Lehman Brothers, the surprise is not how much has changed in the financial industry, but how little....

Bailed-Out Banks Making Profits -- For Taxpayers

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Money wasn't just "given" to Wall Street firms. It bought something of value. And now that the firms (and the market in general) are recovering, they're starting to pay it back. With interest.

The Shadow Banking Pyramid

Max Keiser | Posted 05.25.2011 | Business
Max Keiser

America's debts are bigger than the GDP of the world, so unless the world decides to gift America 100% of its profits for a year or more the U.S. can forget about digging its way out of the debt tomb.

Barney Frank Slams Wall St: "Most Of Us Do Our Jobs Without Extra Bonuses"

The Hill | Michael O'Brien | Posted 05.25.2011 | Business

Corporate chieftains worried about Congress's impending regulation of executive pay should remember: Most Americans don't get bonuses....

There is No Such Thing as a 'Naked Credit Default Swap'

Max Keiser | Posted 05.25.2011 | Business
Max Keiser

There is no such thing as a 'naked credit default swap.' Buying and selling avatars on Second Life using virtual money has more economic legitimacy.

Wall Street Pay Approaches 2007's Record Highs

The Wall Street Journal | AARON LUCCHETTI | Posted 05.25.2011 | Business

Financial markets are recovering and the jostling for talent is intensifying as securities firms once again are making money -- and they look set to s...

Financial Crisis Reshaping Wall Street As Top Talent Flees Big Banks

New York Times | GRAHAM BOWLEY and LOUISE STORY | Posted 05.25.2011 | Business

The turning point for Stephan Jung came in February, around the time bonus checks were slashed. A veteran of UBS, one of many banks tarnished by the f...

Obama Should Save the Banks, Not the Bankers

The Real News | Posted 05.25.2011 | Business
The Real News

The Stimulus Package is dangerously small.

Don't Listen to Wall Street, They Are the Ones That Got Us in This Mess

Donald Cohen | Posted 05.25.2011 | Business
Donald Cohen

Why do cable TV, blogs and proliferating new media still care about how Wall Street evaluates public policy? Why would we listen to them?

Victory for Appalachia! Bank of America Retreats from Mountaintop Removal

Michael Brune | Posted 05.25.2011 | Green
Michael Brune

Bank of America has announced that they will be stop financing for companies that practice mountaintop removal coal mining, a highly destructive method of coal extraction.

Senior Risk Officer For Collapsed Bear Stearns Now Senior Fed Official Overseeing Banks

New York Times | Dealbook | Posted 05.25.2011 | Business

The former chief risk officer at investment bank Bear Stearns , which nearly collapsed in March, is now a senior official of the Federal Reserve divis...

Treasury May Capitalize Banks By End Of October

Reuters | Posted 05.25.2011 | Business

The U.S. Treasury Department plans to start directly injecting capital in U.S. banks as soon as the end of October in exchange for passive investment ...

Laid Off Wall St Execs Find Solace In "Quick Recovery" Face Lifts

New York Post | GINGER ADAMS OTIS | Posted 05.25.2011 | Business

New York-based brokers, analysts and finance executives who have been axed by their blue-chip firms are turning to a blade of a different kind - a sca...

Jed Lewison

Krugman Offers Lukewarm Support For Plan, Rips "Frightening" McCain | Jed Lewison | Posted 05.25.2011 | Politics

Update (11:42PM): Krugman offers lukewarm support for the plan in his new column, but warns that the plan isn't going to fix all our financial problem...

Banks Condemn Credit Card Restrictions While They Receive Taxpayer Bailout

LA Times | David Lazarus | Posted 05.25.2011 | Business

You've got to love the banking industry. As our friends in the financial sector were passing the hat among taxpayers last week for $700 billion in ba...

Japan Reports Rare Trade Deficit

Washington Post | Blaine Harden | Posted 05.25.2011 | Business

Japan, a nation that rode exports to become the world's second-largest economy, posted a highly unusual trade deficit in August. It was an alarm sign...

Freddie Mac Paid McCain Campaign Manager's Firm Through last Month

Huffington Post | Nicholas Graham | Posted 05.25.2011 | Politics

Two reports tonight, one from the New York Times, and the other from Newsweek, contradict John McCain's statement this week that his campaign manager ...

Bargains Everywhere: Japanese Banks Snapping Up Wall St Holdings

Washington Post | Blaine Harden | Posted 05.25.2011 | Business

Major Japanese banks, fat with cash and nearly free of toxic investments, are spotting opportunity in the global financial mess and snapping up substa...

NY Times Econ Journalist: Bailout Plan Doesn't Add Up

Poynter Online | DAVID CAY JOHNSTON | Posted 05.25.2011 | Media

Journalists, start your skepticism. In covering the proposed $700 billion bailout of Wall Street don't repeat the failed lapdog practices that so dam...

Dollar Takes Biggest Hit In Seven Years From Treasury Plan

CNBC | Patti Domm | Posted 05.25.2011 | Business

Concern about the price the U.S. could pay to rescue the financial system is crushing the dollar and raises questions about whether the government cou...

Outrage Over $2.5 Billion Bonus For Lehman Brothers New York Staff

The Independent | David Prosser | Posted 05.25.2011 | Business

Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2....

Democratic Leaders Negotiate Over Conditions For Bailout Plan

New York Times | This article was reported by David M. Herszenhorn, Stephen Labaton and Mark Landler, and written by Mr. Herszenhorn. | Posted 05.25.2011 | Business

Senate and House Democratic leaders said on Monday that they had reached an agreement on their conditions for approving a $700 billion rescue plan for...

McCain Gaffes Have Undercut Campaign Message

ABC News | JENNIFER PARKER | Posted 05.25.2011 | Politics

In recent days, John McCain has made a series of verbal gaffes that have undercut his campaign claim that he is the candidate who is ready to safeguar...

The Wall Street Bailout Plan: Questions And Answers

International Herald Tribune | David Stout Published | Posted 05.25.2011 | Business

News reports about the upheaval in the world of finance have been full of esoteric terms like "mortgage-backed securities" and "credit-default swaps,"...

Thomas B. Edsall

The Economic Collapse: Not A Free Shot For Obama | Thomas B. Edsall | Posted 05.25.2011 | Politics

On the surface, the Wall Street crisis appears to favor Barack Obama's chances and to damage John McCain's. Emory political scientist Alan Abramowitz...