At Goldman Sachs, tis the season of giving. Not only is the firm lavishing huge bonuses on its employees, but its executives are finding ways around t...
Martin Wolf | Posted 11.20.2009 | Business
Windfall taxes are a ghastly idea. They are a sop to prejudice, a burden on risk-taking and a form of arbitrary confiscation. No sensible person shoul...
Posted 11.20.2009 | Business
Think of it as an atypical example of "shareholder activism." Several of the biggest shareholders of Goldman Sachs -- which, it should be noted, has m...
bloomberg.com | Michael J. Moore and Ian Katz | Posted 11.10.2009 | Business
Nov. 9 (Bloomberg) -- Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis sin...
Huffington Post | Nicholas Graham | Posted 11.09.2009 | Business
MSNBC's Ed Schultz and Congressman Barney Frank (D-Ma.) clashed tonight over Congress's response, or lack of response, to the news that JPMorgan, Gold...
BusinessWeek | Chris Palmeri | Posted 10.30.2009 | Business
Economist and writer Katerina Alexandraki has launched a creative idea for easing the housing crunch this holiday season. She's asking Wall Streeters ...
Diane Francis | Posted 10.27.2009 | Business
The world's concentrated financial sector has been grabbing more than its fair share of wealth. We desperately needs Glass-Steagall on steroids.
Huffington Post | Marcus Baram | Posted 10.21.2009 | Business
It may be hard to believe but there was a time, almost 25 years ago, when Wall Street and Main Street weren't so far apart -- at least when it came to...
Posted 10.19.2009 | Business
In a recent interview with Yahoo Tech Ticker's Aaron Task, Elizabeth Warren, chair of the Congressional Oversight Panel, said she was "speechless" ove...
BusinessWeek | DAVID STRINGER | Posted 09.28.2009 | Business
British Treasury chief Alistair Darling said Monday that annual bonuses for bank executives will be outlawed in an attempt to curb excessive risk-taki...
Reuters | Posted 11.15.2009 | World
PARIS (Reuters) - French President Nicolas Sarkozy has threatened to walk out of the summit of Group of 20 leaders in Pittsburgh next week if there is...
Arianna Huffington | Posted 09.06.2009 | Business
"Everybody understands," Geithner said on This Week, "that we cannot have our financial system go back to the practices that brought this economy to the brink of collapse." The problem is, it already has.
Ellen Brown | Posted 09.05.2009 | Business
Many people feel that some bankers are thieves stealing from the public till and should be looking at jail time. But who is there to stop their parade of outrages?
Michael Wolff | Posted 09.05.2009 | Business
So it's almost official. The recession is almost over.
bloomberg.com | Ian Katz and Jesse Westbrook | Posted 08.31.2009 | Business
July 31 (Bloomberg) -- Restrictions on financial industry bonuses heading to a vote in the U.S. House may be rejected by the Senate and the Obama admi...
Posted 08.30.2009 | Business
Today, New York state Attorney General Andrew Cuomo released a detailed report on last year's bonus season for bailed-out banks. Called "NO RHYME OR R...
bloomberg.com | Gonzalo Vina and Andrew MacAskill | Posted 08.16.2009 | Business
July 16 (Bloomberg) -- Prime Minister Gordon Brown said the U.K. government will adopt plans forcing banks to hold back half of all bonuses for senior...
Bloomberg | Elizabeth Hester | Posted 06.23.2009 | Business
Morgan Stanley, the sixth-biggest U.S. bank by assets, will increase some executive salaries and double Chief Financial Officer Colm Kelleher's pay a...
HuffingtonPost.com | Sam Stein | Posted 05.10.2009 | Politics
The labor community is launching a large wave of political attacks against Sen. Arlen Specter, linking the Pennsylvania Republican's decision to oppos...
Thomas Frank | Posted 04.25.2009 | Business
How has a popular Democratic president with a convincing electoral mandate failed to translate the opportunities of recent events into the "change" for which voters clamored?
Tim Berry | Posted 04.25.2009 | Business
Anybody who hasn't been living in a cave knows how bonuses got a bad name: excess and greed in large business. But what those of us in small business, where a bonus is a reward for a job well done?
Arianna Huffington | Posted 04.23.2009 | Politics
Tim Geithner's actions throughout his career, including his time as Treasury Secretary, are proof that the toxic thinking that got us into this mess is part of his DNA.
Jennifer Delaney | Posted 04.23.2009 | Living
If AIG were to donate the 418 bonuses to charity, it would be a brilliant preemptive PR move to neutralize its current out of touch public persona. Here's what the money could provide.
Bloomberg | Martijn van der Starre | Posted 04.23.2009 | Business
March 23 (Bloomberg) -- ING Groep NV, the first Dutch bank to tap a government rescue package, asked 1,200 workers including its 200 "top employees" t...
Vicky Ward | Posted 04.23.2009 | Business
New York is the national epicenter of ostentation and consumerism. Now those qualities are considered tasteless. Wealth has become a dirty word.
Posted 11.22.2009 | Business