Wall St

My 2009 "McLaughlin Awards" [Part 1]

Chris Weigant | Posted 12.26.2009 | Politics


Chris Weigant

Welcome once again to our year-end wrap-up and awards ceremony. Honesty dictates that I immediately genuflect to The McLaughlin Group, from whom I have stolen all these award categories.

My City Is Being Invaded by Banksters

Matthew Filipowicz | Posted 10.24.2009 | Business


Matthew Filipowicz

In mere days, my city, Chicago will be overrun by the worst of the worst. The lowest of the low. Criminals who have affected more lives than any mug...

Obama Wall St. Speech: Touts Reform On Lehman Anniversary (VIDEO)

Huffington Post/AP | Posted 11.14.2009 | Business


(AP) NEW YORK — Lecturing Wall Street on its own turf, President Barack Obama warned financial leaders not to use the recovering economy to race...

Why Wall Street Reforms Have Stalled

New York Times | Posted 11.11.2009 | Business


One year ago next week, Lehman Brothers went bankrupt, Merrill Lynch was sold and A.I.G. was rescued by a huge federal bailout. In the wake of the glo...

Little Change On Wall St. A Year After Lehman Collapse

New York Times | Alex Berenson | Posted 11.11.2009 | Business


One year after the collapse of Lehman Brothers, the surprise is not how much has changed in the financial industry, but how little....

Bailed-Out Banks Making Profits -- For Taxpayers

Chris Weigant | Posted 10.16.2009 | Politics


Chris Weigant

Money wasn't just "given" to Wall Street firms. It bought something of value. And now that the firms (and the market in general) are recovering, they're starting to pay it back. With interest.

Barney Frank Slams Wall St: "Most Of Us Do Our Jobs Without Extra Bonuses"

The Hill | Michael O'Brien | Posted 08.28.2009 | Business


Corporate chieftains worried about Congress's impending regulation of executive pay should remember: Most Americans don't get bonuses....

The Shadow Banking Pyramid

Max Keiser | Posted 08.28.2009 | Business


Max Keiser

America's debts are bigger than the GDP of the world, so unless the world decides to gift America 100% of its profits for a year or more the U.S. can forget about digging its way out of the debt tomb.

There is No Such Thing as a 'Naked Credit Default Swap'

Max Keiser | Posted 08.24.2009 | Business


Max Keiser

There is no such thing as a 'naked credit default swap.' Buying and selling avatars on Second Life using virtual money has more economic legitimacy.

Wall Street Pay Approaches 2007's Record Highs

The Wall Street Journal | AARON LUCCHETTI | Posted 08.01.2009 | Business


Financial markets are recovering and the jostling for talent is intensifying as securities firms once again are making money -- and they look set to s...

Financial Crisis Reshaping Wall Street As Top Talent Flees Big Banks

New York Times | GRAHAM BOWLEY and LOUISE STORY | Posted 05.12.2009 | Business


The turning point for Stephan Jung came in February, around the time bonus checks were slashed. A veteran of UBS, one of many banks tarnished by the f...

Obama Should Save the Banks, Not the Bankers

The Real News | Posted 04.30.2009 | Business


The Real News

The Stimulus Package is dangerously small.

New month for Wall Street, but old problems linger

AP | SARA LEPRO | Posted 04.01.2009 | Business


NEW YORK — The arrival of March is unlikely to bring much relief to a stock market battered by bad news throughout February. Trepidation is mor...

Don't Listen to Wall Street, They Are the Ones That Got Us in This Mess

Donald Cohen | Posted 03.28.2009 | Business


Donald Cohen

Why do cable TV, blogs and proliferating new media still care about how Wall Street evaluates public policy? Why would we listen to them?

Victory for Appalachia! Bank of America Retreats from Mountaintop Removal

Michael Brune | Posted 01.07.2009 | Green


Michael Brune

Bank of America has announced that they will be stop financing for companies that practice mountaintop removal coal mining, a highly destructive method of coal extraction.

Senior Risk Officer For Collapsed Bear Stearns Now Senior Fed Official Overseeing Banks

New York Times | Dealbook | Posted 12.06.2008 | Business


The former chief risk officer at investment bank Bear Stearns , which nearly collapsed in March, is now a senior official of the Federal Reserve divis...

Treasury May Capitalize Banks By End Of October

Reuters | Posted 11.09.2008 | Business


The U.S. Treasury Department plans to start directly injecting capital in U.S. banks as soon as the end of October in exchange for passive investment ...

Laid Off Wall St Execs Find Solace In "Quick Recovery" Face Lifts

New York Post | GINGER ADAMS OTIS | Posted 11.05.2008 | Business


New York-based brokers, analysts and finance executives who have been axed by their blue-chip firms are turning to a blade of a different kind - a sc...

Jed Lewison

Krugman Offers Lukewarm Support For Plan, Rips "Frightening" McCain

HuffingtonPost.com | Jed Lewison | Posted 10.29.2008 | Politics


Update (11:42PM): Krugman offers lukewarm support for the plan in his new column, but warns that the plan isn't going to fix all our financial problem...

House rejects $700B bailout in stunning defeat

AP | JULIE HIRSCHFELD DAVIS | Posted 10.28.2008 | Business


WASHINGTON — In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergenc...

Lawmakers report progress on financial rescue deal

AP | CHARLES BABINGTON | Posted 10.28.2008 | Business


WASHINGTON — Nervously eyeing the markets' next trading session, key lawmakers in both parties and Treasury Secretary Henry Paulson worked late ...

Japan Reports Rare Trade Deficit

Washington Post | Blaine Harden | Posted 10.28.2008 | Business


Japan, a nation that rode exports to become the world's second-largest economy, posted a highly unusual trade deficit in August. It was an alarm sig...

Banks Condemn Credit Card Restrictions While They Receive Taxpayer Bailout

LA Times | David Lazarus | Posted 10.28.2008 | Business


You've got to love the banking industry. As our friends in the financial sector were passing the hat among taxpayers last week for $700 billion in ba...

NY Times Econ Journalist: Bailout Plan Doesn't Add Up

Poynter Online | DAVID CAY JOHNSTON | Posted 10.24.2008 | Media


Journalists, start your skepticism. In covering the proposed $700 billion bailout of Wall Street don't repeat the failed lapdog practices that so dam...

Freddie Mac Paid McCain Campaign Manager's Firm Through last Month

Huffington Post | Nicholas Graham | Posted 10.24.2008 | Politics


Two reports tonight, one from the New York Times, and the other from Newsweek, contradict John McCain's statement this week that his campaign manager ...