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...
Matthew Filipowicz | Posted 10.24.2009 | Business
In mere days, my city, Chicago will be overrun by the worst of the worst. The lowest of the low. Criminals who have affected more lives than any mug...
Georges Ugeux | Posted 11.16.2009 | World
In a strange way, the U.S. was better prepared to manage the collapse of Lehman Brothers than Europe, namely because it was happening within a single country.
Adam Taylor | Posted 09.13.2009 | Business
The bonus arms race began in the 80s, and has shown little sign of abating. In practice this has meant that bonuses have ceased to be performance related at all; instead, just a guaranteed sum.
Les Leopold | Posted 08.14.2009 | Business
What did Goldman Sachs actually do that was useful for society, after having helped to drive our economy off a cliff? And why aren't our elected leaders doing something about it?
Larry Gellman | Posted 06.05.2009 | Politics
I always thought that taxes were the way we paid our bills. In a democracy we have elected representatives who spend money on our behalf on things like defense, security, wars, bridges, and health care benefits.-
washingtonpost.com | David Cho and Peter Whoriskey | Posted 05.21.2009 | Business
Top officials at Chrysler Financial turned away a $750 million government loan because executives didn't want to abide by new federal limits on pay, s...
Yahoo! Finance | Kim Dixon | Posted 05.15.2009 | Business
WASHINGTON (Reuters) - More U.S. chief executives got pay raises than had their pay cut in 2008, a year when billions in taxpayer dollars went to prop...
Jane Hamsher | Posted 05.04.2009 | Politics
The New Democrats and the Blue Dogs made good on their threats to join with Republicans to block legislation that would limit the payment of TARP bonuses. Score one for the banks.
Reuters | Posted 05.02.2009 | Home
WASHINGTON (Reuters) - The U.S. House of Representatives on Wednesday approved legislation to curb "excessive" employee pay at financial firms that re...
Bloomberg | Posted 05.02.2009 | Politics
Senate Banking Committee Chairman Christopher Dodd finds himself in an unlikely spot after three decades representing Connecticut: short on cash and b...
The Huffington Post | Megan Slack | Posted 04.30.2009 | Politics
Dennis Kucinich sent out a round of letters to top Treasury officials Monday morning, questioning how much they knew about bonuses paid to Merrill Lyn...
bloomberg.com | Posted 04.27.2009 | Business
President Barack Obama will seek support today from executives of the nation's largest banks for his plan to stabilize the financial system and try to...
bloomberg.com | Karen Freifeld | Posted 04.27.2009 | Business
March 27 (Bloomberg) -- New York Attorney General Andrew Cuomo, building on his investigation of American International Group Inc.'s bonuses, subpoena...
HuffingtonPost.com | Arthur Delaney | Posted 04.26.2009 | Politics
The House Financial Services Committee approved legislation Thursday that would ban bonuses for employees at any financial firm that has benefited fro...
HuffingtonPost.com | Sam Stein | Posted 04.25.2009 | Politics
Connecticut Sen. Chris Dodd is batting back claims from a conservative-leaning publication that his wife -- like he -- has questionable financial ties...
Think Progress | Posted 04.25.2009 | Politics
Today, Fox Business Network anchor Dagen McDowell appeared on Fox News to make the case against the tax on AIG bonuses by comparing it to sexual abuse...
NY Times | Posted 04.25.2009 | Business
The following is a letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group's financial products unit,...
New York Times | Charles Savage | Posted 04.24.2009 | Politics
The hot-button issue of year-end bonuses from firms that took bailout money may not just be a headache for Wall Street. It could also become a White H...
NY Times | ANDREW ROSS SORKIN | Posted 04.24.2009 | Business
Any good news these days -- not that there is much -- seems to come with an asterisk. The market is popping, but, as some bears ask, is it just a setu...
HuffingtonPost.com | Ryan Grim | Posted 04.24.2009 | Politics
While the federal government works to pull the economy out of recession, there is a parallel effort, which receives less scrutiny but will arguably ha...
Huffington Post | Julie Satow | Posted 04.24.2009 | Business
The recent outcry over $165 million in post-bailout bonus payments has put AIG on the hot seat. But, in fact, the bonus disbursement is perhaps the l...
The Huffington Post/MSNBC | Posted 04.24.2009 | Politics
Treasury Secretary Timothy Geithner, Federal Reserve Chairman Ben Bernanke and William Dudley, president of the Federal Reserve Bank of New York, appe...
Wall Street Journal | MONICA LANGLEY | Posted 04.23.2009 | Politics
WASHINGTON--The Obama administration, after months of criticizing Wall Street, has been scrambling to woo top bankers and financiers to back its lates...
Huffington Post | Marcus Baram | Posted 04.23.2009 | Business
Fifteen of the largest 20 bonuses distributed by AIG, totaling about $30 million of their payments, have been returned, according to New York Attorney...
Martin Wolf | Posted 11.20.2009 | Business