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 ...
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.
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.
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.
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...
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.
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 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.
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...
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.
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.
"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."
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 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.
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.
by Zach Carter, Media Consortium blogger Next week, the debate over financial reform will begin in earnest when Congress returns from its Easter break...
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.
Former Federal Reserve Chairman Paul A. Volcker criticized bank regulators Wednesday, saying Congress needs to specifically act to rein in Wall Street...
The frisson of bad news creates a momentary high, but in the long run fear is our enemy, as it has always been.
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.
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.
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.
I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.
One of the most devastating consequences of today's economic turmoil is the large-scale loss of nearly a generation of wealth among Latino homeowners.
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...
