Big Banks, Hedge Funds Become Surrogate Tax Collectors
Youtube – HuffPostFund Wall Street titans have a new sweet spot — as surrogate tax collectors. They see profits in tacking on fees and threatening…
Wall Street
Wall Street Pay Heads Toward New High $144 Billion
Financial Overhaul Has Affected Structure but Not Level; Revenue-to-Compensation Ratio Stays Flat Liz Rappaport, Aaron Lucchetti, and Steven Grocer Wall Street Journal Pay on Wall…
Wall Street Sees World Economy Decoupling From U.S.
Simon Kennedy Bloomberg Wall Street economists are reviving a bet that the global economy will withstand the U.S. slowdown. Just three years since America began…
TARP is Done, but Count on Sequels
Gretchen Morgenson NY Times THE government is pulling a sheet over TARP, the Troubled Asset Relief Program created during the panic of 2008 to bail…
Shock Therapy for Wall Street: Banking Giants Suspend Foreclosures
Ellen H. Brown Web of Debt “Maybe this is like shock therapy. Maybe this will actually get the lenders to the table and encourage them…
Scientists, Secrets and Wall Street’s Lost $4 Trillion
Pam Martens Counter Punch Thanks to an ever growing influx of Ph.D.s from the Ivies and an insatiable demand for an algorithmic trading edge by…
Wall Street’s greatest heist: the Tarp
The notion that without the $700bn bailout we would be reduced to bartering was a ruse by the banks to get taxpayers’ money Dean Baker…
5 Outright Illegal Scams That Should Put Wall St. Bankers Behind Bars
From laundering drug money to gouging you on overdrafts, here are five scams where Wall Street ran afoul of the law. Zach Carter Alternet Unchecked…
Our Best Economic Minds Are Failing Us
Michael Hirsh Newsweek The most terrifying moment in modern economic history occurred two years ago this month. For several long days after the fall of…
How Corporations Own the U.S. Congress
Shamus Cooke Global Research With the November elections quickly approaching, the majority of Americans will be thinking one thing: “Who cares?” This apathy isn’t due…
Max Keiser: Middle class needs to ‘sharpen up the guillotine on Wall Street’
The U.S. Path to Collapse
National Inflation Association The Financial Crisis Inquiry Commission today held hearings with former Lehman Brothers Chairman Dick Fuld. They are trying to figure out why…
The Elites Have Lost the Right to Rule
Michael Krieger Zero Hedge War is the growth hormone of the cancer that is big government.– Alex Jones A government always finds itself obliged to…
States of Paralysis: America’s Surrender to the Spectacle of Terror
Henry A. Giroux TruthOut When our fears have all been serialized, our creativity censured, our ideas “marketplaced,” our intelligence sloganized, our strength downsized, our privacy…