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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.

Obama Rips Bankers Not Already in Cabinet

Andy Borowitz | Posted 05.25.2011 | Comedy
Andy Borowitz

Speaking from the White House, Mr. Obama said, "I want to send a strong warning to this country's bankers," before turning to his economic team and saying, "I don't mean you guys."

Michael Moore Says Capitalism Is "Anti-Jesus," Warns Obama Over Donations (VIDEO)

The Huffington Post | Posted 05.25.2011 | Entertainment

Michael Moore included one detail in his latest film, "Capitalism: A Love Story," just for President Obama. What is it? We know who's supporting you...

Fed Planning Sweeping Curbs On Bankers' Pay

Wall Street Journal | DAMIAN PALETTA and JON HILSENRATH | Posted 05.25.2011 | Business

Policies that set the pay for tens of thousands of bank employees nationwide would require approval from the Federal Reserve as part of a far-reaching...

G-20 Promises Crackdown On Bankers' Pay

AP | JANE WARDELL and AOIFE WHITE | Posted 05.25.2011 | Business

LONDON — Top finance officials from rich and developing countries agreed Saturday to curb hefty bankers' bonuses, but the proposed crackdown on ...

Bailed-Out Bankers Stand To Make Millions In Options

Reuters | Posted 05.25.2011 | Business

NEW YORK (Reuters) - As shares of bailed-out banks bottomed out earlier this year, stock options were awarded to their top executives, setting them up...

BusinessWeek: 'Don't Worry, Be Happy'

Yvette Kantrow | Posted 05.25.2011 | Media
Yvette Kantrow

BusinessWeek announced it would put out an issue on "The Case for Optimism" this month, explaining it's just as rational to see the economic glass as half-full. It hasn't brightened my mood.

"Banksters" On Parade

Jackson Williams | Posted 05.25.2011 | Business
Jackson Williams

There once were usury laws in this country to limit such shamelessness. I wonder where they went?

Walking the Last Mile to Recovery

Ned Goldreyer | Posted 05.25.2011 | Comedy
Ned Goldreyer

The economy is not a rational system: It is a scam run by an elite who control the masses through indecipherable rules. Get it? It's a religion, and a religious problem requires a religious solution, i.e. something crazy.

Wall Street: A (Sometimes Deadly) Insiders Game

Vivian Norris | Posted 05.25.2011 | Business
Vivian Norris

The reasons why some banks are protected and others are left to fail reaches up to the highest echelons of power.

Here's Why Nice Work Pays Much Better

Christina Patterson | Posted 05.25.2011 | Business
Christina Patterson

Politicians basically agree with the bankers. They think that the most highly educated people in our society are the ones most likely to operate on a base level of animal greed.

Private Banker Talks About How He Managed To Steal Millions Undetected

New York Times | LYNNLEY BROWNING and DIANA B. HENRIQUES | Posted 05.25.2011 | Business

He grew up in elite circles in Buenos Aires, acquiring the polish and privileged connections that paved the way for him to become a star private banke...

Bankers' Pay Soars As Firms Aim To Halt Talent Exodus

Financial Times | Posted 05.25.2011 | Business

Wall Street names that have been among the most buffeted in recent months - Merrill Lynch, UBS and Citigroup - are hiking pay for their top investment...

Wall St. Unemployed Forced To Take Low-Wage Jobs | MARY PILON | Posted 05.25.2011 | Business

Carlos Araya used to order lobster, filet mignon and $200 bottles of red wine at the Palm Restaurant in midtown Manhattan. Now, he seats customers at...

Friday Talking Points [79] -- Judicial Activism And Bias

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

"Judicial activism" (or, alternatively, "legislating from the bench") is defined -- no matter what your political beliefs -- as "judges not ruling the...

Men's Style: The Banker Look Is Out | DAVID COLMAN | Posted 05.25.2011 | Style

What has landed on the slag heap of style is the old three-button power suit: slickly conservative, oversize and overpriced, worn with a boxy white sh...

Boot TARP-O-Line Bonuses

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Reducing the size of banks, it seems to me, would be a win for everyone. We would avoid these bonus brouhahas, the debates about TARP and compensation.

Defeating Homeowners: A Pyrrhic Victory for the Bankers

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

Bankers and their lobbyists on the Hill may be voraciously greedy and anti-democratic, but, ironically, they are not pursuing their own best interests.

Why Are Bankers Still Being Treated As Beltway Royalty?

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

How do the same banks that have repeatedly come to Washington over the last eight months asking for billions to rescue them from their catastrophic mistakes, somehow still "own the place"?

Correcting Credit Abuses by Banks are a Number One National Priority

Ray Hanania | Posted 05.25.2011 | Business
Ray Hanania

What do we have when a banking tyrant like J.P. Morgan Chase decides on its own to jack up the interest rates?

An Expat's Week in America: Health Care, Yunus, Grameen and Broadway

Vivian Norris | Posted 11.17.2011 | Healthy Living
Vivian Norris

No one can crush the spirit of those who are doing what they love to do, and sharing it with us.

Bankers Balk at Fees

Tom Pappalardo | Posted 05.25.2011 | Business
Tom Pappalardo

Can you imagine being stuck on a lifeboat in the middle of the ocean with these bankers and suddenly you get ill and need more water than what has been allotted to everyone?

Bad Banker

Rabbi Alan Lurie | Posted 11.17.2011 | Healthy Living
Rabbi Alan Lurie

True abundance, though, is a two-way flow of giving and receiving -- not only material wealth, but attention, concern, and love.