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...
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Pfizer, Viagra's daddy, is using money from taxpayer-bailed-out banks to help buy major pharmaceutical competitor Wyeth. That won't help taxpayers or consumers. Nor is it designed to.
In today's economy, there are a lot of things out of control. Greedy bankers and lousy leaders put the world in peril -- it is easy to get depressed. Then I think about the bright side.
The nation's economic system has also gotten addicted to shopping.To turn the economy around, Americans need to find a spender's version of rehab.
When a powerful Republican congressman's wife is hired by a bank, and the bank gets a federal taxpayer bailout worth hundreds of millions, what does it mean?
What we've learned from today's bailout vote is that lots of our new senators - even those who campaigned as populists - are already under the spell of "the most exclusive club in the world."
We should be automatically suspicious of any proposals coming out of Washington, starting with Obama's recent request that the Treasury release the second $350 billion.
What's good for General Motors is good for Wall Street.
That's the argument being made by House Financial Services Chairman Barney Frank (D-Mass.), w...
To some, the crisis was caused by consumers. It's as if they are unhappy that we're getting our act together. It's similar to a dope dealer getting angry when a customer goes into rehab.
The only other time the industry has seen a 3-million (or more) unit plunge was following the 1974 oil shortage.
I don't know how a Citigroup collector is going to convince an unemployed worker that he has a moral obligation to pay up. Thus, I am expecting huge credit card defaults in 2009.
America's anger and ingenious will is stoked and a new, more open administration is coming to power looking for innovative, far-reaching ideas.
In the name of transparency, Rachel Maddow went back and clarified that a bailout-justifying guest of hers actually had a blatant conflict of interest.
Congress took a perverse pleasure in giving Detroit's CEOs and the UAW president the third degree -- unnecessary theater while our country suffers this economic decline.
The shock is in the statistics. For the months of September and October, consumer confidence fell lower than at any time since it's been measured, goi...
Why does Obama have Rick Warren delivering the invocation? Politics, naturally. It's a way to keep slicing off some of what has traditionally been a Republican vote.
The rich countries, most innovatively or desperately the United States, are right now developing alternatives to their own system, and very possibly undermining it -- in order to save it.
This "agreement" is just another part of the recent "Bush/Cheney Revisionist History Farewell Tour." It was created to fail, just as long as that failure didn't happen while Bush was still president.
We have to pressure, cajole, lambaste and downright humiliate Wall Street stooges on Capitol Hill who claim nothing can be done.
"Drop Dead." That's the best answer that some conservatives have been able to offer to a country in teeth of the worst financial crisis we'v...
The victory of the Republic Windows and Doors workers demonstrates the value of militant action by labor in addressing the economic crisis.
NEW YORK — Don't expect Wall Street's turmoil to ebb in the year's last full week of trading as investors face questions about an auto bailout, ...
If we paid the same amount for health care as Canada, G.M. would have accumulated an additional $22 billion in profits over the last decade.
In spite of the $150 billion-plus of U.S. taxpayers' money, they are still not lending money; credit markets are stalled. Maybe they understand better than anyone just how untrustworthy they are.
Those of us who run our own businesses don't get bonuses if we lose money. We usually don't get bailed out or taken over. If we lose enough money, they lock us up and board up the front windows.
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