Wall Street's Fat Cats Are Still In Charge
Obama's stern rhetoric apparently did not move the top banking honchos who failed to show up for this week's White House meeting with the president.
Obama's stern rhetoric apparently did not move the top banking honchos who failed to show up for this week's White House meeting with the president.
Huffington Post | Grace Kiser | Posted 12.11.2009 | Business
Matt Taibbi took his crusade against Goldman Sachs to "The Colbert Report" last night, accusing the investment colossus of using its influence in gove...
Robert Scheer | Posted 11.18.2009 | Politics
The fatal hallmark of this president's financial policy is that it is being designed by the very people who created the mess that enriched them while impoverishing the nation, and they now want more of the same.
Charles Gasparino | Posted 11.11.2009 | Business
There are plenty of media types who blame last year's implosion and the bailout on greedy bankers, but that's only part of the story. Wall Street needed a co-conspirator; namely, the government.
Felix Salmon | Posted 11.05.2009 | Business
With Jon Corzine losing the governorship of New Jersey yesterday, it was yet another bad day for former heads of Goldman Sachs. It's worth running dow...
Linda R. Monk, J.D. | Posted 11.02.2009 | Business
Women like Brooksley Born have a long history of being whistle-blowers in systems dominated by men. Perhaps this time Congress -- and the American people -- will listen.
Robert Scheer | Posted 10.21.2009 | Business
If only we could get one of the banking lobbyists or a Goldman Sachs executive to float away in a duct-taped flying saucer balloon, Wolf Blitzer and the rest of cable news might cover the real hoax.
Anis Shivani | Posted 12.03.2009 | Business
Moore explicitly states that we ought to turn to democracy as the alternative to capitalism. But the opposite of capitalism is not democracy, it is socialism.
Dean Baker | Posted 11.08.2009 | Business
Does Robert Rubin know that his strong dollar policy directly contradicts his fixation with low budget deficits? Either he is ignorant of the fundamentals of economics or he is dishonest.
Steve Clemons | Posted 09.13.2009 | Politics
The Obama administration's approach to trying to move the economy forward demonstrates a fundamental misunderstanding about how corporate behavior works.
David Paul | Posted 08.16.2009 | Business
The US economic turnaround may not be complete. The AIG turnaround may not be complete. The GM turnaround may not be complete. But Goldman Sachs is back.
Robert Scheer | Posted 08.01.2009 | Business
How convenient for the judge and the media to paint Bernard Madoff as Mr. Evil, a uniquely venal blight on an otherwise responsible financial industry in which money is handled honestly and with transparency.
Miles Mogulescu | Posted 07.30.2009 | Politics
Here's the deal America should make with our politicians. You stay out of our bedroom, and we'll stay out of yours.
Robert Scheer | Posted 05.30.2009 | Business
Has Timothy Geithner ever had lunch with a non-megamillionaire who has lost his job or home because of the banking meltdown?
HuffingtonPost.com | Jason Linkins | Posted 05.07.2009 | Politics
It seems like only yesterday that Treasury Secretary Timothy Geithner was earning universal derision for that time he appeared in public after being h...
Robert Scheer | Posted 04.24.2009 | Business
Like most Americans, I am eager for Obama to succeed, but I see the nomination of Gary Gensler as further evidence that the president has entrusted his economic policy to the wrong people.
Ann Pettifor | Posted 04.24.2009 | Business
President Obama is in danger of making the same mistake Nelson Mandela made. Obama is abrogating power to shape the recovery of the US economy, and handing over the leadership to Wall Street and lesser mortals.
Paul Jenkins | Posted 04.19.2009 | Politics
It seems to have finally dawned on government leaders that bonus recipients are not the only ones who should be afraid.
Robert Weissman | Posted 04.19.2009 | Business
What is vital now is that the public's righteous anger is not expressed only as "no." There are a lot of things to which We The People do need to say "no." But we need a lot of "yes's," too.
Cenk Uygur | Posted 04.18.2009 | Politics
Geithner got into this trouble because he saw Wall Street as his main constituency rather than the American people.
Steve Clemons | Posted 04.16.2009 | Politics
While many are criticizing the gross AIG taxpayer-funded bonuses of senior executives, the truth is that this kind of corruption is relatively small time -- even at $165 million -- and was predictable.
Kevin Phillips | Posted 04.13.2009 | Business
Paulson has left, to be sure, but his spirit (and his aides) linger on under Geithner. This doesn't quite seem like "real" change.
Don McNay | Posted 04.03.2009 | Business
Citigroup and AIG employ thousands of good people. But they have had rotten apples in leadership. They created a culture that is probably impossible to change or fix.
Jerry and Joe Long | Posted 03.16.2009 | Comedy
Timothy Geithner trusts the people who write the fine print on your credit card statement. If Don Knotts was alive, he'd be nervous.
Paul Jenkins | Posted 03.01.2009 | Business
While there are many victims in the colossal Ponzi scheme that is the American economy, few of these victims have not in some way been complicit.
Robert Scheer | Posted 12.16.2009 | Business