citigroup

Economic Update: The Immigration Issue and Capitalism

Economic Update: The Immigration Issue and Capitalism

October 16, 2018

This week: Updates on UK’s Liberal Democrats advocating serious reduction of wealth and income inequality; Sears CEO blames pensions for Sears’ problems; JP Morgan predicts next financial collapse in 2020; failure to deal with opioid crisis; G-20 meeting in Argentina evades real issues; Europeans clash with U.S. over trade with Iran; and a trivial SEC…

Reality Asserts Itself - Rana Foroohar

May 9, 2018
On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” says the move from traditional pensions to 401k’s makes everyone feel they benefit from finance, when the vast majority of profits go to the elites and most people’s living standards deteriorate – with host Paul Jay
The Ghosts of 'New Democrats' Are Haunting Us

The Ghosts of ‘New Democrats’ Are Haunting Us

May 1, 2018

Norman Solomon / TruthDig. Twenty-five years ago, the so-called New Democrats were triumphant. Today, their political heirs are eager to prevent the Democratic Party from living up to its name. At stake is whether democracy will have a chance to function. A fundamental battle for democracy is in progress—a conflict over whether to reduce the…

Subprime Mortgage Whistleblowers Warn Bigger Crash on Its Way

February 21, 2016

Whistleblowers Richard Bowen and Michael Winston, along with UMKC’s Bill Black, discuss the rampant fraud at Countrywide and Citigroup and how today’s high foreclosure rates in states like Nevada could be a sign of what’s to come

Bernie Sanders Decries Lack of Wall Street Prosecutions

January 6, 2016

Former financial regulator Bill Black says it’s important to reimplement the Glass-Steagall Act – but it’s not enough to prevent another financial crisis.

Who Is the Unsung Hero of the $7 Billion Citigroup Settlement?

July 15, 2014

Bill Black says that a just settlement would include criminal prosecution of senior Citigroup officials who led the fraud and covered it up