iOS app Android app

Wall Street Bailout

Will the Law Finally Catch Up to Goldman Sachs?

Dennis M. Kelleher | Posted 10.23.2014 | Business
Dennis M. Kelleher

Remarkably, Goldman Sachs, one of the richest, most powerful, politically connected (aka Government Sachs) too-big-to-fail Wall Street banks, has demonstrated a Teflon-like ability to bounce back from egregious misdeeds, if not outright illegal conduct, and horrible publicity.

Goldman Sachs Three on a Match: Lehman, AIG and Carmen Segarra?

Jim Treacy | Posted 10.10.2014 | Business
Jim Treacy

Lehman down, AIG up, Carmen Segarra out and a seemingly well-connected, three-peat winner, Goldman Sachs, motors on...

The Friend of My Banker Is My Friend. Are You Kidding Me?

Jerry Ashton | Posted 10.01.2014 | Media
Jerry Ashton

It would seem to be a logical conclusion then, that bankers and occupiers are blood enemies. And, depending on whose camp you are in, anyone who serves to support one over the other is either a turncoat or a paid mouthpiece.

Why Ordinary People Bear Economic Risks and Donald Trump Doesn't

Robert Reich | Posted 09.22.2014 | Business
Robert Reich

In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble. But workers who move to a place like Atlantic City for a job and invest in a home have no such protection.

Epic and Comic in Cal Governor's Race: Jerry Brown's Water Win vs Kashkari's Homeless Gag

William Bradley | Posted 08.20.2014 | Politics
William Bradley

While this water bond, assuming passage at the polls in November, may or may not lessen the need for the Delta tunnels in future years, Brown is thinking much further ahead many decades in fact, to a much larger California.

Wall Street's Too-Big-to-Fail Banks Still Trying to Get Taxpayer Bailouts

Dennis M. Kelleher | Posted 10.06.2014 | Money
Dennis M. Kelleher

The problem is that Wall Street's biggest banks don't want to have to go into bankruptcy if they fail. They want U.S. taxpayers to bail them out like what happened in 2008-2009. They want to keep their jobs, bonuses and reckless gambling.

Obama Says 'Further Reforms' Needed To Rein In Wall Street

The Huffington Post | Igor Bobic | Posted 07.03.2014 | Politics

President Barack Obama believes additional reforms are needed to rein in the excesses of Wall Street some six years after the financial crisis plunged...

Zach Carter

Larry Summers Just Contradicted Tim Geithner On Obama's Foreclosure Mess

HuffingtonPost.com | Zach Carter | Posted 06.10.2014 | Politics

Larry Summers and Timothy Geithner are clearly not on the same page about that foreclosure crisis they inherited in 2009. The two former Obama admi...

The VA Scandal Proves We Need Four More Years of Obama

Brian Joyce | Posted 08.03.2014 | Politics
Brian Joyce

With all due respect to Sen. McCain, I have a different take on this. I, too, am outraged by the lack of care that many of our veterans have received, but I'm not at all bewildered by it. In fact, I saw it coming for years.

Zach Carter

How The Congressional Black Caucus Went To War With Itself Over Wall Street

HuffingtonPost.com | Zach Carter | Posted 05.28.2014 | Politics

Gwen Moore does not seem like anybody's idea of a corporate stooge. The Milwaukee Democrat, a single mom who once survived on welfare, has sponsored e...

Tim Geithner: Give Presidents The Power To Act Unilaterally During Financial Crises

The Huffington Post | Igor Bobic | Posted 05.21.2014 | Politics

Former Treasury Secretary Timothy Geithner wants to expand executive authority so that presidents can act as swiftly in times of financial crisis as t...

Zach Carter

Austerity Fetishists Are Finally Giving Up

HuffingtonPost.com | Zach Carter | Posted 05.15.2014 | Politics

WASHINGTON -- American deficit hawks gathered in the nation's capital on Wednesday to commiserate over the collapse of the U.S. austerity movement, so...

Tim Geithner and the Wall Street Bailout Redux

Robert Reich | Posted 07.14.2014 | Business
Robert Reich

Timothy Geithner's new book about the financial crisis, Stress Test, is basically an argument that the Wall Street bailout succeeded. That's hardly surprising, given that Geithner was in charge of the bailout when Treasury Secretary, and so has an inherit interest in telling the public it succeeded.

Zach Carter

Republican Candidate Doesn't Understand What It Means To Cut Spending

HuffingtonPost.com | Zach Carter | Posted 05.13.2014 | Politics

Neel Kashkari is seeking the GOP nomination to challenge California Gov. Jerry Brown (D) in the November elections. And, like all good Republicans, he...

Timothy Geithner Tried To Quit Three Months Into Treasury Secretary Stint

The Huffington Post | Alexander C. Kaufman | Posted 05.08.2014 | Business

Timothy Geithner says he offered to resign three months into his stint as Treasury secretary, and supposedly it was only the first of multiple times h...

'Too Big To Fail' Is Still Alive And Well

Reuters | Mike Dolan | Posted 04.02.2014 | Business

LONDON (Reuters) - Five years after Lehman Brothers' seismic bust and just two years after euro member Greece defaulted, the concept of being too big ...

Wall Street Should Disclose Its Think Tank Contributions

Sen. Elizabeth Warren | Posted 06.01.2014 | Politics
Sen. Elizabeth Warren

Wall Street banks have the right to express their views to lawmakers and regulators through lobbying, but the law is clear: If they want to influence lawmakers, they must disclose their lobbying expenditures.

Reflections on Too Big to Fail

Douglas Holtz-Eakin | Posted 05.26.2014 | Business
Douglas Holtz-Eakin

Too big to fail may be a problem. But it is no larger or smaller than the problem of good policy itself.

Oscar React: The Real 'Wolfs of Wall Street' Are Still Roaming Free

Dennis M. Kelleher | Posted 05.03.2014 | Business
Dennis M. Kelleher

To the extent that the movie implies that this relatively small time hustler was Wall Street's biggest, worst, most notorious or even a representative wolf of Wall Street, Leonardo DiCaprio and Martin Scorcese are howling up the wrong tree.

Shahien Nasiripour

Federal Reserve Transcripts Show Fretting About Inflation As Economy Collapsed

HuffingtonPost.com | Shahien Nasiripour | Posted 02.21.2014 | Politics

Top Federal Reserve officials were haunted by an imaginary inflation epidemic during eight months preceding the cataclysmic 2008 Lehman Brothers bankr...

Zach Carter

Key Republican Rips Income Inequality, Calls For New Stimulus

HuffingtonPost.com | Zach Carter | Posted 01.25.2014 | Politics

WASHINGTON -- Former FDIC Chair Sheila Bair sharply criticized Congress for failing to approve economic stimulus measures, saying elected lawmakers wh...

Head Of Nation's Bank Bailout Running For California Governor

AP | JULIET WILLIAMS | Posted 03.23.2014 | Politics

SACRAMENTO, Calif. (AP) — Neel Kashkari, a former U.S. Treasury official who was the architect of the nation's bank bailout at the height of the rec...

Wall Street's All-Out War Against Financial Regulation Continues Unabated

Dennis M. Kelleher | Posted 03.18.2014 | Business
Dennis M. Kelleher

Only in the warped, distorted, Alice-in-Wonderland world of Wall Street would one think "Washington went to war against big Wall Street banks" or that "Washington won [the war] in a blowout," as said today in a Politico article.

Ten Examples of Welfare for the Rich and Corporations

Bill Quigley | Posted 03.16.2014 | Politics
Bill Quigley

Here are the top 10 examples of corporate welfare and welfare for the rich. There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments, but these 10 will give a taste.

2014: Investing in a World of Hyperaggressive Monetary Policy

Janet Tavakoli | Posted 03.09.2014 | Business
Janet Tavakoli

The growth of the U.S.'s bigger and broader productive economy has been stunted by bad policies and bank bailouts benefiting rent-seeking financiers siphoning off an outsized percentage of the nation's gross domestic product (GDP).