What Do Professional Athletes Have in Common With Bankers?
Today, we will examine two industries. Neither produces a tangible product. Both have close ties to the government and receive billions of dollars i...
Today, we will examine two industries. Neither produces a tangible product. Both have close ties to the government and receive billions of dollars i...
Les Leopold | Posted 12.22.2009 | Business
Not only are we richly rewarding those who wrecked our economy, but also, we have to put up with hundreds of fabrications about how the big banks got us here. Here is my biggest, fattest lies list for 2009.
Leon T. Hadar | Posted 12.18.2009 | World
Not unlike America's too-big-to-fail financial institutions, U.S. foreign clients tend to make their strategic calculations based not on what Washington says, but on what Washington does.
HuffingtonPost.com | Shahien Nasiripour | Posted 12.16.2009 | Business
While the administration and Congress work to increase bank lending, the nation's four biggest banks have collectively cut their loans to businesses b...
HuffingtonPost.com | Shahien Nasiripour | Posted 12.16.2009 | Business
By a better than two-to-one margin, Americans think Federal Reserve Chairman Ben Bernanke puts Wall Street ahead of Main Street, according to a new po...
AP | MARTIN CRUTSINGER | Posted 12.11.2009 | Business
WASHINGTON — The Treasury Department has received $936.1 million in the sale of warrants it had received from JPMorgan Chase & Co. as part of th...
Anna Bernasek | Posted 12.10.2009 | Business
Incomplete reform won't work. The major proposals in Congress fail to comprehensively tackle the root cause of the crisis: bankers making huge profits by taking inappropriate risks with other people's money.
Les Leopold | Posted 12.10.2009 | Business
After a year of holy hell we may be witnessing an economic miracle: Bank of America, so recently on life support, comes up with $45 billion in hard cold cash to repay TARP in less than a year.
HuffingtonPost.com | Shahien Nasiripour | Posted 12.04.2009 | Business
A leading bank analyst says the regulators who allowed Bank of America to repay its $45 billion in government bailout funds made a big mistake because...
Les Leopold | Posted 12.04.2009 | Business
Congress and the Administration should call for a steep windfall tax on all Wall Street profits and bonuses, directly tying the tax to the unemployment rate.
Jennifer Brunner | Posted 12.03.2009 | Home
We know that "trickle down" economics is voodoo economics. The grave warnings from the right that now we need to cut taxes with "no more bailout" are political ploys that show no courage, foresight or compassion.
David Fiderer | Posted 12.02.2009 | Business
In places like Phoenix, 54% of homeowners with mortgages have negative equity. That's about half a million underwater mortgages, more than the combined totals in Texas and New York state, where 10 times as many people live.
Andy Kroll | Posted 11.30.2009 | Business
Close to 45,000 desperate homeowners showed up during NACA's five-day stand at the Cow Palace for the chance to renegotiate their disastrous subprime mortgages or sky-high interest rates or interest-only payments.
Les Leopold | Posted 11.30.2009 | Business
You want deficit reduction? Then how about a wealth tax of 5 percent a year until the unemployment rate drops below 5 percent? That small tax on just 400 souls would reduce the deficit by about $75 billion a year.
Robert L. Borosage | Posted 11.29.2009 | Business
Will the Senate vote another term for Ben Bernanke as head of the Federal Reserve? Should it?
HuffingtonPost.com | Shahien Nasiripour | Posted 12.03.2009 | Business
This story has been updated Fifty banks collapsed during the third quarter of 2009, while more than one in 15 are on the verge of failure -- the high...
Posted 11.18.2009 | Politics
Democrats in Congress want to use unspent TARP funds to support homeowners and struggling workers, according to The Hill. More than half of the Democ...
Rep. Paul Kanjorski | Posted 11.13.2009 | Business
The economic meltdown we narrowly averted last year rightfully convinced the American people that we need to re-examine the fundamental structure of our financial system. Naturally, Wall Street disagrees.
Ellen Brown | Posted 11.09.2009 | Business
While Wall Street's welfare queens have been busy collecting generous government handouts, the 50 states have been left to fend for themselves.
Charles Gasparino | Posted 11.09.2009 | Business
The only thing worse than Goldman Sachs amassing billions in bonus money for its executives, based on various government subsidies and bailout measures, is listening to it try to explain it all away.
Dylan Ratigan | Posted 11.02.2009 | Business
The current custodian of America's wealth, Treasury Secretary Tim Geithner, is not doing a good job. The time for corrective action is now.
HuffingtonPost.com | Shahien Nasiripour | Posted 10.30.2009 | Business
Democrats and Republicans ripped into Treasury Secretary Timothy Geithner during a Congressional hearing Thursday, as Geithner defended an administrat...
Washington Independent | Mike Lillis | Posted 10.28.2009 | Politics
In the wake of the recent financial meltdown, it sounds like a reasonable idea: A proposal granting the White House broad new authority to take over w...
HuffingtonPost.com | Jason Linkins | Posted 10.26.2009 | Business
On today's Morning Meeting, Dylan Ratigan took on the issue of bailouts for the few banks anointed as "too big to fail" with Mark Fisher, founder of M...
Jerome Halligan | Posted 10.23.2009 | Comedy
The Dow Jones Industrial Average soared above 10,000 again Tuesday, chiefly on the strength of a report that Wall Street executives can do "basically anything they f***ing want, whenever they f***ing want."
Daniel Adler | Posted 12.21.2009 | Sports