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Bankers

Wall Street 'Fight Clubs' On The Rise

Posted 05.25.2011 | New York

While some Wall Streeters may be buying guns for protection, others are simply learning to kick ass. As the sport of mixed martial arts grows in popu...

Stiglitz Tells Davos: Bankers Created "Negative Value" For Society

bloomberg.com | Jacqueline Simmons and Ian Katz | Posted 05.25.2011 | Business

Bankers created "negative value" with innovations such as mortgages that homeowners couldn't afford, said Nobel laureate Joseph E. Stiglitz, who is sp...

Calling on All Working Americans to Stand Up and Fight

Richard Trumka | Posted 05.25.2011 | Politics
Richard Trumka

America's union movement is leading a broad uprising of working people ready to make sure elected leaders and candidates get the message and don't forget. Don't just watch for us in the streets -- join us.

Why We All Should Applaud the Banking Industry

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

Those who simply worked hard day and in day out? Should they be punished? Or should we, the employees, be the first beneficiary of corporate largesse?

Felix Salmon: Looking For Contrition In Davos

Reuters | Felix Salmon | Posted 05.25.2011 | Business

Is anybody here seriously examining the idea that Davos was institutionally responsible, at least in part, for the economic and financial catastrophe ...

Why Wall Street Will Win

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

Sure, we'd like all those greedy fatsos with their $100,000 cars to take it in the ear. But not if it means trimming the potential profit we can make on our investments.

America vs. Wall Street: ¿Quien Es Mas Macho?

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

In one corner, weighing in at several trillion pounds, much of it in debt, is the vast, dissatisfied, embittered, jealous, angry American public. In the other corner: Wall Street.

Billy Bragg's Bank Bonus Protest: Singer Won't Pay Taxes Over Lavish Banker Payouts

Reuters | Posted 05.25.2011 | Business

...

A Tale of Two Presidents

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

Both their presidencies have been scarred by the financial crisis. Both have had to balance the interests of their people against the interests of their bankers. But Obama has allowed that balance to tilt in favor of the bankers.

Goldman Sachs Defends Trading Practices: Dark Pools, Flash Trading, Short Selling

Telegraph | James Quinn, US Business Editor | Posted 05.25.2011 | Business

In a document handed to the US Securities and Exchange Commission (SEC), the investment bank asserts that such practices, some of which the SEC is loo...

Thanks, Mr. Banker, for My Overdraft Protection!

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

I wonder what new things the bankers will think of next to help and protect us. One thing's for sure. I know they're thinking of something.

How Green Are Our Bankers

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

It's easy to rail at Congress and the Fed and the President and all the bozos past, present and future who don't foresee the bubbles or simply drink too much of them. But what would you do? I'm seriously asking.

Financial Crisis Inquiry Commission Sets Sights On Bankers

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Two blocks from the Treasury, where the government not long ago scrambled to save a collapsing financial system, a team of investig...

How to Live On $0 a Day: Saving a Cherished American Holiday

Lesley Stern | Posted 05.25.2011 | Comedy
Lesley Stern

Ask your neighbors over for a potluck Thanksgiving feast, just like the Pilgrims invited the Native Americans. Once you've enjoyed their delicious offerings, kill them and steal their possessions and property.

Rationalizer: Bracelet For Bankers Helps Traders Keep Their Cool

Posted 05.25.2011 | Technology

The Rationalizer bracelet has got to be one of the weirdest inventions to hit Wall St. since mortgage-backed securities. Philips Electronics and the ...

Shakeup Needed: Time for Geithner to Go

Danny Schechter | Posted 05.25.2011 | Politics
Danny Schechter

Yes, there needs to be a cabinet shake-up. It's time to yank Tim Geithner and Larry Summers from the game. Their pro-bank, pro-Wall Street policies are failing. Isn't it obvious?

Holiday Songfest: It's Another Ho-Ho-Horowitz Christmas!

Rick Horowitz | Posted 05.25.2011 | Politics
Rick Horowitz

Jingle Bells // Sarah sells // Now she's got a book // Truth? Or lies? // While she tries and tries // To be worth a second look. // Oh, the weather outside is frightful // And the GOP is spiteful

A New Crossover Hit: "Break Up the Big Banks"

George Goehl | Posted 05.25.2011 | Business
George Goehl

We've reached an incredible moment when Alan Greenspan, Michael Moore, FDIC head Sheila Bair and Elizabeth Warren are all singing the same tune: calling for breaking up the big banks.

Krugman: Bankers Without A Clue, Financial Crisis Commission Testimony Showed 'Stunning Failure'

nytimes.com | PAUL KRUGMAN | Posted 05.25.2011 | Business

But the bankers' testimony showed a stunning failure, even now, to grasp the nature and extent of the current crisis. And that's important: It tells u...

2010: Six Hairy Issues (and How to Solve Them)

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

What we need is not only a rebound in the economy, it's the feeling in corporate America that it's good to employ people.

Shahien Nasiripour

Banks Get Small Win On Accounting Standards

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A House panel approved a provision Thursday that calls for a new oversight body dominated by bank regulators to advise on accounting rules for banks, ...

A Happy Day in Businessland!

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

The Dow is about to go over 10,000 again. Won't that be nice? Yay for those cockeyed optimists! They make the world go 'round!

Frank Rich: The Other Plot To Wreck America

nytimes.com | FRANK RICH | Posted 05.25.2011 | Business

THERE may not be a person in America without a strong opinion about what coulda, shoulda been done to prevent the underwear bomber from boarding that ...

Recession Sparks Bankers' Affairs

Reuters | Posted 05.25.2011 | Business

Reviled by the public and spurned in private, bankers have been looking for solace in adultery, according to a dating website for people seeking affai...

Showdown in Chicago

Richard Trumka | Posted 05.25.2011 | Business
Richard Trumka

We're gathering outside the American Bankers Association meeting to demand reform that will allow us to rebuild our communities, our lives and the real economy. We've got a lot to rebuild.