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Wall Street Bonuses

The Hangover From America's Bailout Party (VIDEO)

Don McNay | Posted 05.25.2011 | Business
Don McNay

For a decade, Wall Street was playing funny money games, and many Americans also felt like they were invited to the celebration. We were living in fantasy land, but the fantasy is over and we woke up to a nightmare.

Hurry-Up Bonuses

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Wall Street is reportedly one step ahead of the Obama administration's plan to scrap some of the Bush tax cuts on the nation's top earners. Banks are...

Hiring Is Booming On Wall Street -- And Guaranteed Bonuses Are Back | Michael J. Moore | Posted 05.25.2011 | Business

June 28 (Bloomberg) -- Leverage is back on Wall Street -- and this time it's the bankers who have it. Firms are adding jobs for the first time in t...

America's Hangover From the Bailout Party

Don McNay | Posted 05.25.2011 | Books
Don McNay

I've been reading Maria Bartiromo's new book, The Weekend That Changed Wall Street. A better title might have been "The Weekend that Changed the World." It was America's chance to bottom out. We didn't.

Budget Chief Nominee Took $900K From Citigroup Post-Bailout

Washington Times | Jim McElhatton | Posted 05.25.2011 | Business

President Obama's choice to be the government's chief budget officer received a bonus of more than $900,000 from Citigroup Inc. last year -- after the...

Shahien Nasiripour

Pay Czar Names 17 Banks That Paid Huge Bonuses After Being Bailed Out | Shahien Nasiripour | Posted 05.25.2011 | Business

The federal overseer entrusted with investigating Wall Street pay has declined to take action, arguing that the public wouldn't be served by going aft...

White House Pay Czar Expected To Blast 17 Banks For 'Ill-Advised' Payments To Execs

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Kenneth Feinberg, the Obama administration's "pay czar," is set to slam the leadership of 17 bailed-out banks and other financial institutions that pr...

Pay Czar To Banks: Give Back Your 2008 Bonuses | Posted 05.25.2011 | Business

Pay czar Ken Feinberg is getting ready to stick it to Wall Street again, preparing to demand, or "claw back", bonus money that some banks paid out dur...

After Goldman Give Up, Why Would Wall Street Be Scared of SEC?

Don McNay | Posted 05.25.2011 | Business
Don McNay

My father was a professional gambler and used to carry a roll of money that he called "walking around" money. Walking around money is what the SEC settled for in the Goldman Sachs case today.

Why the Idiocy About Unemployment?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

In 1970 the top 100 CEOs earned approximately $45 for every dollar earned by the average worker. By last year, it was $1,081 to one. There is no economic theory that can explain this obscene gap.

Is Warren Buffett Main Street's Benedict Arnold?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

I hope Buffett's fans realize that their dividends and capital gains are partly derived from taxpayer bailouts and from those financial weapons of mass destruction Buffett used to denounce.

Bloomberg's Federal/State Priorities Don't Include Preventing Devastating City Cuts?

Amy Traub | Posted 05.25.2011 | New York
Amy Traub

Apparently helping New York retain its most critical public services is not among the "easy-to-reference issues" political donors should consider "when political candidates are calling for contributions."

Wall Street's Answer to Unemployment

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Americans are growing more cynical by the day as we watch our elected leaders groveling before the gods of Wall Street. So far much of the anger has been channeled by the right, which tries to persuade working people that the no-government, no-taxes approach is actually good for them. But that's going to change. Sooner or later more and more of us will realize that the brave new world of "structural reforms" favored by Wall Street and the right really means that we'll be working longer, harder and for less -- if we're lucky enough to work at all.

Video: Why Wall St. Needs More Checks & Balances

Michael Martin | Posted 01.20.2012 | Business
Michael Martin

Financial Times reporter Stacy-Marie Ishmael discusses the essence of risk management on Wall St. with Huffington Post Contributor Michael Martin at...

Why Do We Save Billionaires, but Not Teachers?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

In New Jersey, a state that is home to a bevy of high finance billionaires, with the highest per capita income in the nation, teachers are being sacked left and right.

Wall Street Reportedly Circulates Class Warfare Email

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

The Reformed Broker and FT Alphaville have gotten a hold of an email that is reportedly making its way through inboxes on Wall Street. For anyone wit...

Wall Street Protests (SLIDESHOW)

Huff Post Citizen Reporting | Laura Kusisto | Posted 05.25.2011 | New York

Thousands of workers and poverty activists marched to Wall Street on Thursday, bringing Main Street's anger with bank bailouts to the doorstep of the ...

Let's Make the Welfare of the American People the Goal of the Fiscal Commission

Rep. Jan Schakowsky | Posted 05.25.2011 | Politics
Rep. Jan Schakowsky

The welfare of the American people must be the goal of our fiscal policy. Everything we do here must be measured in terms of the impact on the well-being of our people,

Coloradans Challenging Wall Street on Main Street This Week

T.A. Taylor-Hunt | Posted 05.25.2011 | Denver
T.A. Taylor-Hunt

The sidewalk outside the Wells Fargo Bank office at 17th & Broadway in Denver will host two Main Street actions in support of strong financial reform legislation in the U.S. Senate.

Why the Wall Street-BP Double Standard?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The captains of high finance are demanding that we reduce public debt, which we ran up to bail them out and deal with the mass unemployment they caused. That takes a lot of nerve. First they crash the system and run away with a fat pocket of cash. Then they demand that we clean up our financial act or they won't loan out any money. Next time an oil-blackened snowy egret gets you furious at BP, remember to save some righteous indignation for the financial polluters who are picking our pockets.

They Keep Stealing -- Why Keep Paying?

Dylan Ratigan | Posted 05.25.2011 | Business
Dylan Ratigan

Nearly a quarter of all Americans are currently underwater in their mortgage, and if you are one of them, chances are you didn't do anything wrong. You didn't cause this mess. They did.

Saleem Khatri, British Banker, Angry With $230,000 Bonus Is Awarded $2.14 MILLION By Courts

Telegraph | Posted 05.25.2011 | World

A city trader who was disgruntled at only receiving an annual bonus of £150,000 won a High Court appeal demanding that his employers award him �1.4...

WATCH: Wall Street Poker After Dark

Matthew Filipowicz | Posted 05.25.2011 | Comedy
Matthew Filipowicz

Watch as the most corrupt "Too Big To Fail" bank CEOs play a spirited game of "Taxpayer Hold 'Em"! Not with their money, but with yours!

Will the Real Obama Please Stand Up for Reform? Six Ways to Know if the Financial Reforms Are for Real

Les Leopold | Posted 05.25.2011 | Politics
Les Leopold

Obama's working from a flawed theory: "There is no dividing line between Main Street and Wall Street. We are all in this together as one nation." Really? The entire story of this crisis is about how we are not in this together.

Wall Street Wants Its Name Changed to Casino Canyon?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Under the rules governing high finance, bankers can win every time. They're essentially serving as "the house" within a vast global casino. That yields a lot more cash than moving the nation's savings into productive investments.