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Sam Stein

Top Bailout Recipients Spent $71 Million On Lobbying In Year Since Bailout

HuffingtonPost.com | Sam Stein | Posted 11.05.2009 | Business

Read More: Goldman Sachs, Lobbying Tarp, JP Morgan, Bailout Tarp Funds, General Motors, Bank of America, Bailout Recipients, Bailout Lobbying, Bailout Funds, Lobbying Congress, Lobbyblog, Transparency, Business News

With Reporting By Julian Hattem Twenty-five top recipients of government bailout funds spent more than $71 million on lobbying in the year since they...

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A Systemic Risk Regulator and a Compensation Tsar? Larry Summers and Ben Bernanke Must Be Kidding

David Paul | Posted 11.03.2009 | Business

Read More: Tarp, Fdic, Wells Fargo, Bank of America, Larry Summers, Brooksley Born, Goldman Sachs, JP Morgan, Morgan Stanley, Bailout, Hedge Funds, CFTC Derivatives, Banking Crisis, Financial Crisis, Ben Bernanke, Timothy Geithner, Wall Street Bonuses, Citigroup, Glass-Steagall, Paul Volcker, Business News
David Paul

With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.

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Oil's Massive Price Distortion Militates the Reconvening of the 1970s Federal Oil Price Task Force

Raymond J. Learsy | Posted 11.08.2009 | Business

Read More: Barclays, Goldman Sachs, Argus Index, JP Morgan, Morgan Stanley, Obama Presidency, James Schlesinger, Department of Energy, Oil, Steven Chu Energy Secretary, Opec, Energy, Commodity Futures Trading Commision, Bank Holding Companies, NewYork Times, Media, Wti, Cnbc, Nymerc, Business News
Raymond J. Learsy

It is long past time that our government take seriously and study intensely how oil prices are determined in a world of OPEC, speculation, timid oversight and failing transparency.

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Breaking Up the Big Banks, and Why Congress Won't Do It

Robert Reich | Posted 10.27.2009 | Business

Read More: Treasury Department, Congress, Robert Reich, Too Big to Fail, Bank of America, Larry Summers, Paul Volcker, Barack Obama, Merrill Lynch, Goldman Sachs, JP Morgan, Morgan Stanley, Wall Street, Financial Crisis, Banks, Glass-Steagall Act, Timothy Geithner, Bear Stearns, Citigroup, Break Up Big Banks, Breaking Up the Big Banks, Breaking Up Banks, Business News
Robert Reich

Two ideas are floating around Washington regarding how to handle 'too big to fail' banks, but only one is supported by the Treasury and the White House. Unfortunately, it's the wrong one.

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Sunday Roundup

Arianna Huffington | Posted 10.25.2009 | Business

Read More: Morgan Stanley, Andrew Ross Sorkin, JP Morgan, Jamie Dimon, John Mack, Pay Czar, Wall Street, Barack Obama, Too Big to Fail, Business News
Arianna Huffington

This week, Obama's pay czar announced he'd be slashing executive pay at seven of the biggest recipients of bailout billions. So it's no surprise that many of Wall Street's Masters of the Universe didn't turn up at the New York fundraiser President Obama spoke at -- choosing instead to attend a party thrown to toast the release of Too Big To Fail, Andrew Ross Sorkin's blow-by-blow account of the meltdown. There, enjoying cocktails and finger food, were many of the central players, including Jamie Dimon of JP Morgan and John Mack of Morgan Stanley. Which is kind of like Hannibal Lecter showing up for the opening of Silence of the Lambs. Perhaps they take comfort in Sorkin's assessment that when it comes to reforming Wall Street "the Obama administration seems to have moved on to other priorities." I need a drink.

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The Art of the Exit

Anthony Tjan | Posted 10.23.2009 | Business

Read More: J.P. Morgan, Business Cycle, Venture Investments, Investment Cycle, Minimizing Risk, Business News
Anthony Tjan

The trickiest part of the investment cycle is often the last part: knowing the right time to let go and sell.

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Enough Dow 10,000! These Numbers Actually Count

Eric Schurenberg | Posted 10.19.2009 | Business

Read More: San Joaquin Bank, Bank of America, Goldman Sachs, Dow 10, JP Morgan, Dow Jones Industrial Average, 000, Business News
Eric Schurenberg

by way of putting the five-figure Dow in perspective let note some other numbers that were released since the Dow hit the 10k mark and that matter a lot more to you and your future.

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Are You Making the Most of the First Six Months?

Jon Younger | Posted 10.20.2009 | Business

Read More: JP Morgan Chase, PNC Financial, JP Morgan, Employees, Financial Services, Recruiting, Human Resources, Accenture, Business, Management, Business News
Jon Younger

How do you make the most of the opportunity to bind new employees to the organization through the ways you induct, orient and initially support an employee's cultural integration?

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GOP Uses ACORN To Fight Bank Redlining Law

AP | SHARON THEIMER and PETE YOST | Posted 10.12.2009 | Politics

Read More: JP Morgan Chase, Chase, Acorn, Bank of America, Brian Kettenring, Redlining, Mortgages, Cra, Ed Royce, Edward Royce, JP Morgan, Community Reinvestment Act, Phil Gramm, Gop, Jeb Hensarling, Housing Crisis, House Financial Services Committee, Republicans, Banks, Citimortgage, Politics News

WASHINGTON — Conservative Republicans are capitalizing on the troubles of community activist group ACORN – ranging from charges of voter r...

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Sorkin On What Happened After Lehman

Robert Teitelman | Posted 10.05.2009 | Business

Read More: Lloyd Blankfein, Enron, Geithner, Business, Wachovia, Great Panic of 2008, Goldman Sachs, Bank of America, Merrill Lynch, JP Morgan, Morgan Stanley, Wall Street, Lehman Brothers, Media Maneuvers, Investment Bank, Andrew Ross Sorkin, Robert Teitelman, Ben Bernanke, Tarp, Timothy, Business News
Robert Teitelman

New York Times' reporter Andrew Ross Sorkin's excerpt microscopically examines the actions of some key regulatory and Wall Street players, in this case during the period immediately after Lehman failed.

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Wall Street Bonuses Set to Increase

CNNMoney.com | David Ellis | Posted 09.29.2009 | Business

Read More: Goldman Sachs, Financial Crisis, JP Morgan, Goldman Sachs Bonuses, Wall Street, Wall Street Bonuses, Business News

Now with analysts predicting impressive third-quarter numbers from some of the nation's largest financial firms, big bonuses for top Wall Street talen...

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Banking's Good, Bad And Ugly

Dan Dorfman | Posted 09.21.2009 | Business

Read More: Morgan Stanley, Northern Trust, Bank of New York, Subprime Mortgages, Zions Bancorp, Cre Exposure, Bank of America, Investment Banks, Commerical Banks, Boston Private Financial Holdings, Banks, JP Morgan, Huffington Post, Business News
Dan Dorfman

So far this year, 94 banks have failed and another 500 to 1,000 may go belly up in the next two to three years. Let's take a look at our nation's banks.

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The Continuing Disaster of Wall Street, One Year Later

Robert Reich | Posted 09.14.2009 | Business

Read More: Tarp, Goldman Sachs, Wall Street Bailout, JP Morgan, Bailout, Wall Street, TARP Money, Lehman Brothers, Economy, Economic Crisis, Financial Crisis, Obama TARP, Barack Obama, Glass-Steagall, Business News
Robert Reich

Let's be clear: Wall Street today is up to the same tricks it was playing before its near-death experience. The only difference now is that its biggest banks know for sure they'll be bailed out if their bets turn sour.

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Elizabeth Warren: Why Was Detroit Bailout Treated Differently Than Wall Street Bailout?

The Huffington Post | Posted 09.13.2009 | Business

Read More: Elizabeth Warren, White House, Chyrsler, Wells Fargo, Chase, Bank of America, Gm, Washington D.C., Aig, Obama, Dylan Ratigan, Wamu, Merrill Lynch, JP Morgan, Bailout, Wall Street, Detroit, Timothy Geithner, Business News

When poor lending practices brought the world's biggest banks and AIG to their knees, Washington delivered hundreds of billions in financial lifelines...

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Risk-taking Is Back For Banks 1 Year After Crisis

AP | By STEVENSON JACOBS | Posted 09.14.2009 | Business

Read More: Finance, Banks, Global Economy, Bailout, Regulation, Goldman Sachs, Risk, JP Morgan, Lehman Brothers, Sub-Prime, Lending, Personal Finance, Tarp, Crisis, Economy, Business News

NEW YORK (AP) -- A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk. Gol...

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Putting the 'Change' Back in "Change You Can Believe In": The Two Faces of Barack Obama

Marshall Auerback | Posted 10.19.2009 | Politics

Read More: Incrementalism, Dnc, Wall Street Bailout, Bankruptcy, Politico, Divorce, Public Option, Afghanistan, War in Afghanistan, Warren Christopher, JP Morgan, 1930s, Democrats, Jamie Dimon, Harry Truman, Government, Change, White House, 1980s, Barack Obama, Bailout, Washington, Health Care Reform, Opinion Polls, Gop, Richard Nixon, Paul Krugman, Health Care, Republicans, Politics News
Marshall Auerback

A broad number of polls indicate that progressive opinion, particularly in the area of health care, is much more profoundly aligned with popular opinion than the damp squib of a proposal currently being championed by the president.

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If TARP Was So Smart, Why Are So Many Banks Failing?

Eric Schurenberg | Posted 10.17.2009 | Business

Read More: Fdic, Tarp, Goldman Sachs, Citigroup, Meredith Whitney, JP Morgan, Hank Paulson, TARP Money, Timothy Geithner, Business News
Eric Schurenberg

Things aren't going so well outside the pale of banks too big to fail. The FDIC faces losses of $21 billion from the 84 banks that have gone under so far this year -- more than in all of last year.

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The Bonuses and the Damage They Do

Dave Johnson | Posted 09.26.2009 | Business

Read More: Unemployment, Wall Street, Bonuses, Tarp, Recession, Goldman Sachs, JP Morgan, Economy, Main Street, Business News
Dave Johnson

This is a story we know too well: Wall Street vs. Main Street. Irresponsible behavior leads to bonuses for the former while working hard and playing by the rules leads to unemployment and foreclosure for the latter.

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J.P. Morgan Now Biggest Publisher In US

New York Post | Posted 09.24.2009 | Media

Read More: JP Morgan, JP Morgan Source Interlink Media, JP Morgan Readers Digest, American Media, Source Interlink, JP Morgan American Media, Jamie Dimon, Reader's Digest, JP Morgan Media, Media News

Jamie Dimon, the CEO of JPMorgan Chase, considered by many to be the country's most influential and successful bank executive, can add another title t...

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Bankruptcy Judges & DOJ Rip Mortgage Companies

ProPublica | Posted 09.12.2009 | Business

Read More: Bank of America, JP Morgan, Loan Modifications, Bankruptcy, Countrywide, Wells Fargo, Ocwen, Hsbc, Justice Department, Financial Services Roundtable, Department of Housing and Urban Development, Business News
ProPublica

Judges have found that major mortgages servicers regularly mess up basic accounting, improperly credit payments and charge unwarranted fees.

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Mortgage Servicers Accused Of Harassing Borrowers, Illegal Fees

AP | DANIEL WAGNER | Posted 09.05.2009 | Business

Read More: Loan Modification, Bank of America, Wells Fargo, Mortgage Servicers, JP Morgan, Lawsuits Mortgage Servicers, Citigroup, Business News

WASHINGTON — Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure are passing through –...

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Should Wall Street Pay Reparations?

Les Leopold | Posted 09.03.2009 | Business

Read More: Goldman Sachs, JP Morgan, Unemployment, Morgan Stanley, General Motors, Wall Street, Economy, Economic Crisis, Financial Crisis, Auto Industry, Financial Regulations, Business News
Les Leopold

When institutions, and the individuals who run them, harm the great mass of society and profit wildly along the way, they should make restitution for the harm they have caused.

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Great Houses of New York: Louis Tiffany's Treasure Trove!

Michael Henry Adams | Posted 08.26.2009 | New York

Read More: Oyster Bay, Henry Villard, Miss Mary R. Callender, Seventh Regiment Amory, Mott B. Schmidt, Tiffany Studios, Lockwood De Forest, Candice Wheeler, Louis Comfort Tiffany, Mrs. N. Newlin Hooper, Augustus Saint-Gaudens, The Associated Artists, London, John La Farge, Tiffany's, Mrs. Frances Isabel Morris, Rosario Candela, Stanford White, Tiffany & Co., Miss Caroline De Forest, J.P. Morgan, Interior Design, Norman Shaw, William Morris, Ralph Lauren, Charlestiffany, Harlem, Manhattan, New York, New York City, New York News
Michael Henry Adams

Positioned directly across the avenue from the imposing Waldo Mansion that houses Ralph Lauren's flagship store today once stood a more exhilarating building, among the most notable that ever existed in the city.

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Bank Profits Hide Looming Problems

Yahoo! | Stephen Bernard and Ieva M. Augstums, AP Business Writers | Posted 08.17.2009 | Business

Read More: JP Morgan, Goldman Sachs, Bank, Bank of America, Citi Stock, Citi-Earnings, Bank Profits, Bank Earnings, Citigroup, Business News

NEW YORK (AP) -- The big banks are making big money again, but they won't be back to health as long as they have to deal with a recession and customer...

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Wall Street and Anti-Semitism

Les Leopold | Posted 08.17.2009 | Business

Read More: Anti-Semitism, Goldman Sachs, Jews, JP Morgan, Morgan Stanley, Wall Street, Economy, Financial Crisis, Bernard Madoff, Global Economic Crisis, Business News
Les Leopold

With unemployment rising to depression-like levels, we should be mindful of depression-like hatred.

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