Bankers

When individuals, religious institutions and local and state governments decide to move their money, it puts direct pressure on banks and on the federal government to change their policies. Cities and states have incredible leverage if they chose to use it.

We not only need to rein the banks in but we've got to delegate the responsibility for measuring household wealth -- and hopefully come up with ways to boost it -- to an agency that's more in touch with "the 99%."

There's got to be bigger scandals out there that cost bank customers real money, and actually lead to real losses that could put a company's survival in jeopardy. The JP Morgan trading loss is neither and not by a long shot.

In the light of JP Morgan's stunning losses on derivatives, announced yesterday but with the full scope of total potential losses still not yet clear (and not yet determined), Jamie Dimon and his company do not look like any kind of appealing role model.

Preventing banks from becoming so large, complex, and interconnected that their failure would ravage the economy is the safest guarantee against a future "too big to fail"-driven financial crisis.

The shareholder revolt against banker pay seems to have fizzled out. Shareholders late last week rejected the pay plan for Sterling Bancorp, a New ...

NEW YORK -- As May Day protests hit major cities across the United States this week, breathing new life into an Occupy Wall Street movement still in i...

The concentration of wealth and power in the hands of the top 1% (of banks) was a danger to the other 99% (of banks), to our economy, our liberty and our democratic values. I expected to hear this at Zuccotti Park. It was a genuine surprise to hear it on 5th Avenue.

The Dallas Fed argues that the Fed's easy money policy can't be much help to the U.S. economy as long as Wall Street is "still clogged with toxic assets accumulated in the boom years." So what's the answer? It's "breaking up the nation's biggest banks into smaller units."

Wall Street has a new power tool to demolish financial stability policies, and it comes from a source many would not expect.

Greg Smith violated the ancient code of all mafia organizations: he spilled the game to the public. His former colleagues at Goldman Sachs no doubt now see him as a "rat."

Goldman Sachs writes the "vast majority of people at Goldman" -- people paid by them -- have a different view than Greg Smith. To 'support" an argument with this type of biased data is the statistical equivalent of cheating at cards.

The banksters have no legal claim on the homes they are foreclosing. Foreclosure is theft. Any bank that used MERS has no legal claim on property -- there are 65 million such mortgages to which no bank has a legal claim to foreclose.

Congratulations Greg Smith for waking up. However, we already knew about the toxic state of the financial culture. We are living through its consequences. It's time for the rest of the bankers to be forced to look in the mirror and for us to take action against them.

A new report documents widespread abusive practices at the biggest banks. It shows the potentially illegal activities were not only known by top management, but also encouraged by management.

People usually resign from a position through a private letter to the boss. Greg Smith, a Goldman Sachs executive director, chose a different method: a powerful opinion piece on the editorial pages of the New York Times entitled, "Why I Am Leaving Goldman Sachs."

Wall Street, which should be the heart of American capitalism, has instead become the heart of a dysfunctional system that is destroying the nation's wealth.