Lets Hang Together or We Will Surely Hang Apart!
Is Goldman Sachs Making Too Much Money?
There’s no shame in making money. Making money is, after all, every company’s goal. And when our companies do well, that’s generally good for the country. Under normal circumstances Goldman Sachs would have every reason to brag about it’s first quarter profits.
But now—with Goldman facing charges for securities fraud [...]
Obama is no FDR, We’re no Mass Movement.
It’s open season on Obama whom so many hoped would lead us out of the neo-liberal wilderness. He once was a community organizer and ought to know how working people have suffered through a generation of tax breaks for the rich, Wall Street deregulation, and unfair competition.
When the [...]
Banks Prepare to Pay Record Bonuses to Employees
The bank bonus season, that annual rite of big money and bigger egos, begins in earnest this week, and it looks as if it will be one of the largest and most controversial blowouts the industry has ever seen.
Bank executives are grappling with a question that exasperates, even [...]
Big Banks Still Playing the Game
After staging one of the most remarkable comebacks in business history — because of taxpayer lifelines and other support from Washington — the giants of the banking industry are entering a new phase of the post bailout period.
While, for many Americans, the dark fears of the crisis have given way [...]
In Goldman Sachs We Trust?
It’s going from obscene to disgusting. Each day reveals how we’ve traded away our sense of decency and the common good in exchange for pure, unadulterated greed.
Unemployment is a statistic. We hear it so often that, unless we are without work, it loses its meaning. Even when we learn that the [...]
Wall Streets Biggest Con Game
Why is Wall St. at war to keep financial innovation secret, hidden, and without public transparency? Why is Wall Street spending millions on lobbyists to kill financial-regulation reforms?
Because Wall Street rakes in tens of billions of dollars annually from their financial innovations, gambling in the shadowy $670 trillion global derivatives market. [...]
Time to Drain Wall Street Bonus Pool
NEW YORK (Fortune) — Is the Fed about to hit the brakes on the Wall Street gravy train?
A year after they survived the financial meltdown with considerable taxpayer help, Goldman Sachs (GS, Fortune 500) and Morgan Stanley (MS, Fortune 500) stand to spend $35 billion combined this year on [...]
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