John Mack, Morgan Stanley CEO: I Love Regulators! (VIDEO)
Morgan Stanley CEO John Mack appears to have no problem financial regulators. In fact, Mack, speaking at a financial journalist panel held by Bloomber...
Morgan Stanley CEO John Mack appears to have no problem financial regulators. In fact, Mack, speaking at a financial journalist panel held by Bloomber...
Eric C. Anderson | Posted 11.16.2009 | Business
According to some pundits, Beijing's fixed exchange rate explains our trade imbalance with China and a end to this practice will aid the revival of manufacturing in America. Phooey.
thenation.com | William Greider | Posted 11.13.2009 | Business
The Obama administration promised to reform the financial system and make it safe for the rest of us, but recent Congressional action is more likely t...
Les Leopold | Posted 11.11.2009 | Business
Let's weigh the pros and cons of the record bonuses going to Goldman Sachs, JP Morgan Chase and Morgan Stanley (and many others) during the worst economic crash since 1929.
bloomberg.com | Michael J. Moore and Ian Katz | Posted 11.10.2009 | Business
Nov. 9 (Bloomberg) -- Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis sin...
Bloomberg | Michael J. Moore and Ian Katz | Posted 11.09.2009 | Business
Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depressio...
Les Leopold | Posted 11.07.2009 | Business
The Billionaire Bailout Society is not a shared society. We're not in it together. What's good for Wall Street is not good for the rest of us...they even get their swine flu shots before we do.
HuffingtonPost.com | Shahien Nasiripour | Posted 11.03.2009 | Business
The "Too Big To Fail" legislation currently being debated by a House committee has been widely criticized as toothless. But one provision gives the fe...
David Paul | Posted 11.03.2009 | Business
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.
Raymond J. Learsy | Posted 11.08.2009 | Business
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.
Eric Schurenberg | Posted 10.31.2009 | Business
Stocks that got high quality ratings from Standard and Poor's have barely participated in the summer rally. The big gains were racked up by the seedier elements.
ft.com | Henny Sender | Posted 10.29.2009 | Business
The Galleon hedge fund at the centre of an insider trading scandal paid hundreds of millions of dollars a year to its Wall Street banks and in return ...
HuffPost Investigative Fund | By Ben Protess and Lagan Sebert | Posted 11.03.2009 | Business
Editor's note: This is the first of three articles by the Investigative Fund on the credit rating companies. To help with the investigation, sign up ...
Robert Reich | Posted 10.27.2009 | Business
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.
Arianna Huffington | Posted 10.25.2009 | Business
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.
Les Leopold | Posted 10.25.2009 | Business
For the past 30 years we have minted billionaires, and we have created the most unequal distribution of wealth since 1928-29. This didn't happen by accident.
Slate Magazine | Daniel Gross | Posted 10.23.2009 | Business
This year, compensation will again eat up something close to a majority of Wall Street's revenues. And while Goldman and Morgan Stanley have paid back...
Leo W. Gerard | Posted 10.23.2009 | Business
In New York, the oldest and snobbiest financial ventures are called "white shoe" firms. Their arrogance, risky investments and confounding dealing in derivatives threw the rest of us into the Great Recession.
Raymond J. Learsy | Posted 10.23.2009 | Business
American capitalism has now become rotten to the core. Gone is the American capitalist impulse's unique sense of fair play and adherence to a level playing field, accessible to all.
rollingstone.com | Matt Taibbi | Posted 10.19.2009 | Business
Although the SEC issued more than 50 subpoenas to Wall Street firms, it has yet to identify the mysterious trader who somehow seemed to know in advanc...
Les Leopold | Posted 10.19.2009 | Business
For Alan Greenspan, the apostle of free markets, to admit that financial free markets are not self-correcting is an enormous concession.
Reuters | Rolfe Winkler | Posted 10.15.2009 | Business
Thirty-three TARP recipients missed a scheduled dividend payment to taxpayers last month, according to the Treasury Department, including 18 banks tha...
Posted 10.16.2009 | Business
New York Times scribe Andrew Ross Sorkin's much-anticipated book Too Big To Fail may be the closest we'll ever get to being a fly on the wall during l...
New York Times | ANDREW ROSS SORKIN | Posted 10.13.2009 | Business
By most analyst estimates, the annual bonus pool will swell to more than $23 billion. In its second quarter, Goldman disclosed it had put aside $11.4 ...
Raymond J. Learsy | Posted 10.14.2009 | Business
It is scandalous that those in government vested with the responsibility of financial oversight have permitted a culture of "heads they win, tails we lose" to take hold and to grow into a financial Frankenstein.
Posted 11.19.2009 | Business