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Wall Street Bailouts

Today's Bank Bailout Risk: Why Didn't We Stop This?

Janet Tavakoli | Posted 02.21.2014 | Business
Janet Tavakoli

The U.S. did not enforce existing securities laws, so no one should have confidence that new Dodd-Frank rules will have any meaningful impact. The U.S. banking system seems to have captured its regulators, Congress and the Treasury.

Why Democrats Wasted The Wall Street Meltdown

The New Republic | Posted 09.11.2013 | Politics

Americans believe that they have the world's freest and best political system; it's just the government and the people who run it that they despise....

America's Biggest Bailout Fails

ProPublica | Paul Kiel | Posted 09.06.2012 | Business

From ProPublica: Quick, how many billions in the red are taxpayers on the bailout of GM? AIG? Fannie and Freddie? Is it true that the government ...

Protect Taxpayers Now With a Strong Volcker Rule

Dennis M. Kelleher | Posted 04.14.2012 | Business
Dennis M. Kelleher

The argument for the Volcker Rule is obvious -- we shouldn't allow risky bets that pay enormous bonuses to bankers if they work, but stick taxpayers with the bill if they fail.

The Party People of Wall Street

Bill Moyers | Posted 03.31.2012 | Business
Bill Moyers

A week or so ago, we read about what in the Gilded Age of the Roman Empire was known as a bacchanal -- a big blowout at which the imperial swells got together and whooped it up. This one occurred here in Manhattan at the annual black-tie dinner and induction ceremony for Kappa Beta Phi.

How the Wall Street Journal Misleads About Federal Jobs

Jeffrey Sachs | Posted 03.15.2012 | Media
Jeffrey Sachs

For government services that count for the 99 percent, the federal government is shrinking, alas, no matter which phony figures the Wall Street Journal throws our way.

The World's Richest Man Attacks Wall Street Bailouts

Posted 12.25.2011 | Business

By Robert Frank of the Wall Street Journal The Wall Street bailouts have been a chief target of criticism by the Occupy Wall Streeters. Now anot...

What Quantitative Easing Really Means

Ismael Hossein-zadeh | Posted 10.21.2011 | Business
Ismael Hossein-zadeh

Not only did Wall Street gamblers bail themselves out by means of $16 trillion of taxpayer money, but now they are also showering themselves with additional trillions of QE dollars to grow even richer.

Bank of America: Too Big to Follow the Law

Don McNay | Posted 08.29.2011 | Business
Don McNay

Take from your money from places like Bank of America and move them banks and credit unions in your community. To my knowledge, none of them have paid a $8.5 billion settlement.

The Economic Hangover: Part Two

Don McNay | Posted 08.08.2011 | Business
Don McNay

The bailout and stimulus money allowed us to limp along for a couple of years. Now we are back to where we started, but worse, since we borrowed trillions to pay for it.

The Person We Should Be Moving Our Money to

Don McNay | Posted 05.28.2011 | Business
Don McNay

Over 4 million people moved their money from Wall Street Banks in 2010, according to Sara Ackerman, project coordinator for Move Your Money. I bought...

Poverty Rises as Wall Street Billionaires Whine

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

You'd think the Wall Street moguls would be thankful. Not just thankful -- down on their knees kissing the ground taxpayers walk on and hollering hallelujah at the top of their lungs! Instead, they're back to hauling in obscene profits.

Money and the Magic Pill

Don McNay | Posted 05.25.2011 | Business
Don McNay

Right now, the top six "too big to fail" banks control about 70% of the wealth in America. Here's how we can all change that.

Was "Financial Reform" Really Robin Hood In Reverse?

Don McNay | Posted 05.25.2011 | Business
Don McNay

"Financial Reform" will be a boom for people in the payday loan business. There will be many new customers who need bank-like services. It's almost like Congress implemented a plan of "Reverse Robin Hood."

Citi Field: Baseball's Symbol of Why You Should Move Your Money

Don McNay | Posted 05.25.2011 | Business
Don McNay

Houston was able to find a stadium sponsor to replace Enron. A city as big as New York should be able to find a sponsor for the Mets' field that is not funded by the American taxpayers.

Lay the Favorite and Wall Street Ethics

Don McNay | Posted 05.25.2011 | Books
Don McNay

Lay The Favorite is Beth Raymer's debut book that revolves around her life as an assistant to a professional gambler in Las Vegas. I recommend it. And I hope the author can someday get past her lack of ethics and conscience.

New York Times Does Not Understand Main Street

Don McNay | Posted 05.25.2011 | Media
Don McNay

Reporting that Main Street was complicit in the financial meltdown is like blaming a murder victim for being in the wrong place at the wrong time.

Weekly Audit: Congress to take up financial reform, but will it be strong enough?

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger Next week, the debate over financial reform will begin in earnest when Congress returns from its Easter break...

Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011 | Books
Don McNay

Gary Rivlan notes in his book, Broke USA, "the working poor have become big business." You wouldn't think that poor people would be a growth market, but businesses make big money off people who live paycheck to paycheck.

Shahien Nasiripour

Volcker: Regulators Can't Be Trusted To Act

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Former Federal Reserve Chairman Paul A. Volcker criticized bank regulators Wednesday, saying Congress needs to specifically act to rein in Wall Street...

Andrew Ross Sorkin Daily Show Interview: Take The Crack Pipe Away From Wall Street (VIDEO)

Huffington Post | Nicholas Graham | Posted 05.25.2011 | Books

Andrew Ross Sorkin, the New York Times reporter who runs the influential business blog Dealbook, was a guest on The Daily Show last night to promote h...

Fake Fears and Why You (Probably) Believe in Them

Deepak Chopra | Posted 11.17.2011 | Healthy Living
Deepak Chopra

The frisson of bad news creates a momentary high, but in the long run fear is our enemy, as it has always been.

2010: The Year Main Street Sticks It to Wall Street and Washington

Don McNay | Posted 05.25.2011 | Business
Don McNay

If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.

Postage and Other Economic Outrages Against Soldiers

Don McNay | Posted 05.25.2011 | Business
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Don McNay

America ships soldiers off to Afghanistan and Iraq for free. If you come back in a body bag, they ship that back for free, too. However, we make families who send soldiers socks, food and underwear pay shipping costs.

Happiness in the Post-Shopping Economy

Don McNay | Posted 05.25.2011 | Business
Don McNay

My late mother used shopping as a hobby. If she were still alive, I wonder if she would be looking for something else to occupy her time. It seems many Americans are.