On the heels of disclosures that major financial institutions maintain policies to pay special bonuses to executives who leave for high-level governme...
WASHINGTON -- President Barack Obama, who once called bank executives "fat cats" and their pay "obscene," says Wall Street needs to change executive p...
Tis' the season to be jolly. Er.. if you're a Wall Street banker, that is, where billions in end-of-year bonuses are about to rain down like manna from heaven.
Thirty-eight hours after Scott Brown's smack-upside-the-head victory in the race for Ted Kennedy's former Senate seat, Barack Obama took the podium in...
Taibbi, Rolling Stone magazine's teen heartthrob, became a sensation last month after calling Goldman Sachs "a giant vampire squid wrapped around the face of humanity."
Two recent news stories keep coming together in my mind: The incredible Goldman Sachs bonuses amounting to more than $16 billion, and the recent report by the Coalition for the Homeless, of the record 40,000 homeless people sleeping in NYC shelters.
Sen. Chris Dodd (D-Conn.) has vowed to use all legal means available to confiscate Wall Street bonuses paid out at the end of last year.
Dodd, the ch...
President Barack Obama responded Thursday to a front page story in the New York Times which reported that Wall Street handed out $18.4 billion in bonu...