bankers

Inside the Secret Wall Street Society of the 1%

March 2, 2014

Kevin Roose talks about sneaking into a secret wall street society initiation and what he learned from the experience

Bill Black: Volcker Rule Approved But “Not Enforceable”

December 11, 2013

Former financial regulator Bill Black says 863-page Volcker rule will allow banks to continue their risky financial derivative bets by claiming speculation is mere hedging.

Seattle Suburb Passes Highest Minimum Wage in Country

November 6, 2013

David Rolf of SEIU helped organize SeaTac’s Proposition 1 to provide $15/hour to hotel, restaurant, and airport workers.

Securities Transaction Tax

October 31, 2013
Robin Hood tax supporters National Nurses United, economist Jeffrey Sachs, and European Parliament VP tell Congress to support “no brainer” tax on Wall Street Supporters of a tax on Wall Street financial transactions gathered on Capitol Hall last Wednesday to put pressure on Congress for its adoption. The tax, included in the Inclusive Prosperity Act,…

Justice Department Misrepresents JP Morgan Settlement

October 22, 2013

The DOJ gives up the ability to prosecute JP Morgan The settlement between JPMorgan Chase and the Justice Department has been reported at $13 billion, for charges that Chase sold toxic mortgage-backed securities that fueled the financial crisis of 2008. The reported $13 billion amount is a misrepresentation of the actual figure by the Justice…

Patrick Bond On The Global Economy

September 18, 2013
Patrick Bond: For a recovery to occur, national governments must assert economy sovereignty

Revealed: Banks Rewarded and Blacklisted Appraisers to Artificially Inflate Real Estate Prices

July 11, 2013

Thousands of appraisers warned Washington regulators of fraud during the seven years leading up to the housing crash

Democrat’s Vision for Economy is GOP-Lite

May 1, 2013

Jeff Faux: Obama attitude towards debt and austerity policies accepts the same underlying assumptions as the Republicans

How Stanley Fischer Advanced Neo-Liberalism in Israel

February 20, 2013

Shir Hever: Fischer steps down as head of Israel’s central bank, known for pushing economic “reforms” that led to greater inequality; before this working for IMF, he helped develop privatization in Russia