The 2008 financial crisis cost the U.S. economy more than $22 trillion, a study by the Government Accountability Office published Thursday said. The f...
A crucial change in the way financial derivatives are packaged and sold on Wall Street is enabling traders to bypass new regulations aimed at limiting...
Killing Them Softly does a wonderful job of creating a realistic, lived-in world in the post-Katrina wreckage of New Orleans, without a lot of frills or even much music. While it is no fast-paced bulletfest, when the violence comes, it's scary, gory, and brutal, as it should be.
When the economy falters -- or even worse, when deep structural fissures appear -- voters invariably hold the White House incumbent responsible, and his party suffers the consequences.
From the Arab Spring and the financial meltdown to weather extremes and civil conflict, we are experiencing rapid and sometimes wrenching change that ...
The former CEO of one of the Wall Street firms most synonymous with financial collapse says in retrospect that there's "not much" he would've done dif...
I would be willing to sacrifice a second term, if I believed that my successor could and would do the things necessary to get your bacon out of the fire.
The film Margin Call takes us inside a lightly fictionalized stand-in for Lehman Brothers called HMS, where a young risk analyst discovers the math that proves HMS' imminent demise.
People are generally classified as expenses on the income statement and liabilities on the balance sheet -- not as an investable asset. Thus, when CEOs seek to increase profit, they cut costs -- like people -- rather than investing in assets -- like people -- that can appreciate.
In protecting Wall Street after the 2008 crash, the executive branch violated its core constitutional duty. It is now clear that there are virtually no limits on the magnitude of the crimes that the nation's most powerful private actors can commit with impunity.
As it is, we all have a decent chance of muddling through. Not very satisfying considering our expectations for change we could believe in. But in light of how truly rotten underlying conditions turned out to be, it could easily and always get worse.
The very idea that Wall Street -- and Standard and Poor's -- would have the chutzpa to lecture the rest of America about fiscal responsibility should infuriate each and every American.
Tim, Tim, Tim. You've been throwing around a lot of scary words like "disaster" and "hardship" and you seem a little tense. Don't freak out. You're a babe in the woods when it comes to financial hardship, so let me guide you through this.
The incisive logic of Ralph Nader's Unsafe at Any Speed applies equally to nuclear power -- and furthermore, to the workings of the military-industrial complex with which it is intimately intertwined.
Wall Street should recognize it is in its long-term interests to work with government to curb Wall Street excesses. The actions of a few bad apples -- if they go unpunished -- can put in peril confidence in the entire system.
People interviewed in Inside Job claim that finance professionals deserve their money. But can someone rationally argue that someone earning $30 million/year works 1,000 times harder than someone earning $30,000/year?
I know we have an image to keep up as a superpower, but you're going to have to cut back on state dinners and other costly social events here and abroad.
Could Tuesday be Turkey Day for the financial markets? I think there's a good chance we see some serious "dirty laundry" aired from the Fed which could increase volatility in what normally should be a quiet holiday shortened week.
In the current economy, Halloween isn't just a holiday for children, it's also a source of free food for adults trying to feed themselves and their families.
The same people whose recklessness caused so many everyday working class families to lose their jobs are now stoking the anger caused by their own actions and directing it toward Democrats who have brought them to account.