Banks Set To Record Pay Their People
Stephen Grocer writes in the Wall Street Journal: Major U.S. banks and securities firms are on pace to pay their people about $145 billion for 2009, a record sum that indicates how compensation is...
View ArticleDon’t Hold Your Breath: Financial Crisis Inquiry Report Due Out in December?!?
Via The Daily Show: Watch out, Wall Street, the Financial Crisis Inquiry Commission is going to be writing a report that is due in December.
View ArticleRevealed: See Who Was Paid Off In The AIG Bailout
Ryan Grim and Shahien Nasiripour write on the Huffington Post: A key question at the heart of the controversial bailout of AIG is just how much money the government lost. The Federal Reserve and...
View ArticleDonate to ‘Plunder’ and Receive Credit on the DVD
Thanks to everyone who contributed to the Kickstarter campaign for Danny Schechter’s upcoming documentary taking on Wall Street fraud, Plunder: The Crime of Our Time. With your help, we were able to...
View ArticleAmericans United For Change Goes After Wall Street ‘Casinos’ With TV Ad
From Americans United For Change: Americans United for Change and American Family Voices unveiled a new television ad today as part of a ramped up coalitional effort urging Congress to pass President...
View ArticleU.S. Economy Grinds To Halt As Nation Realizes Money Just A Symbolic,...
Via the Onion: WASHINGTON — The U.S. economy ceased to function this week after unexpected existential remarks by Federal Reserve chairman Ben Bernanke shocked Americans into realizing that money is,...
View ArticleFears of A Second Crash Are Real: Congress Lacks The Appetite for Action…
What will it take? What are they waiting for? What part of the reality of a systemic crisis that will get worse don’t they get? How is it possible that after near three years of economic turmoil, with...
View ArticleMichael Moore Talks Wall Street Crime with Bill Maher on ‘Real Time’
Michael Moore returns to the scene of the crime of our time, interviewed in front of the Goldman Sachs offices in New York City on the March, 5, 2010 episode of Real Time With Bill Maher. The Moore...
View ArticleMedia Fail: The U.S. Gov’t Making An $8 Billion Dollar Profit Off Its...
Headlines like “U.S. to sell entire stake in Citi at hefty profit” are complete BS. Dylan Ratigan explains in the first part of this clip below how we, the taxpayers, gave a total of $23.7 trillion to...
View ArticleJoin Us for the Premiere of Danny Schechter’s ‘Plunder’
If you’re in the New York metro area for this event (details below), join us by RSVPing to plunder [at] disinfo.com. Otherwise, please help us spread the word on Danny Schechter’s new film, Plunder:...
View ArticleDid The Wall Street Bailout Really Make Money For Taxpayers?
New York Times columnist Aaron Ross Sorkin wonders if the government’s claim that its bailouts of Wall Street firms worked and will be profitable might be true. What do you think? What if, after all...
View ArticleLehman Channeled Risks [i.e. Investors' Money] Through ‘Alter Ego’ Firm
The top headline of the front page of the New York Times remains unaltered in my story headline, except for what the word “risk” really means. In my mind the sense of an “alter ego” sounds like a...
View ArticleHow Frank Luntz Led Health Care ‘Reform’ Opposition
The reason I am sharing this is not because I think the so-called health care “reform” that passed actually qualified as such, but to point out one of the maestros (or Dark Lord of the Sith, depending...
View ArticleGoldman Sachs, In Their Own Words, Offered Investors A “Shitty Deal” (Video)
Goldman Sucks, I mean Sachs, this is priceless. Did you really have to destroy the U.S. economy to make C-SPAN this entertaining? Next time, instead of handing the potential investor a prospectus, why...
View ArticleWall Streeters’ Chain Email Reveals They’re Even Worse People Than We Thought
Image: ExiledOnline.com Think that the financial crash has left investment banking hotshots humbler and wiser? Not likely. The National Review blog The Corner has a defiant email that has been...
View ArticleCongress Shot Down, Last Night, The Most Important Wall Street Reform Ever...
What is Congress getting right now? A Philosopher’s Stone? The Holy Grail? The Ark of the Covenant? Your ideas are quite welcome. Zach Carter writes on Alternet: Late last night, the U.S. Senate...
View ArticleAmerica’s Ten Most Corrupt Capitalists
How in the world is deregulatory kingpin Robert Rubin advising President Obama? Zach Carter writes on Alternet: The financial crisis has unveiled a new set of public villains — corrupt corporate...
View ArticleBailed-Out Firms Using Bail-Out Funds to Lobby for More Government (i.e....
The NY Times was reporting on this over a year ago and now we have a recent report from Fox News. As much I believe in “freedom of speech” the Supreme Court has already made it much easier for...
View ArticleRecord High: 1 in 8 Americans Are Receiving Food Stamps
Examples of traditional "food stamps" that today are distributed on debit cards. The Boston Globe via Bloomberg News reports: The number of Americans who are receiving food stamps rose to a record 40.8...
View ArticleHappy Anniversary of Wall Street’s ‘Black Monday’: October 19, 1987!
Still on record as the largest percentage drop in the DOW in history. Gordon Gekko, care to comment?
View ArticleDanny Schechter on The Secret Wall Street Bailout
The U.S. doled out $12.3 trillion dollars to finance bailouts, a figure far higher than what was previously stated. Danny Schechter writes in Al Jazeera: Go, Wall Street, Go! Never mind the rise in...
View ArticleActivists Target Bank of America With Feb 26 ‘US Uncut’ Invasion
The “UK Uncut” anti-austerity activities have brought British banks and stores to a standstill as activists demand that the beneficiaries of government bailouts pay their share of taxes. The success of...
View ArticleIMF Prepares For “Threat To International Monetary System”
Tyler Durden writes on Zero Hedge: There is a new threat to the international monetary system which means Europe May 2010 redux is imminent. US taxpayers: our condolences. Back in April 2010, before...
View ArticleMillions for Defense; Not One Cent for Tribute
Oh how the times have been a changin’ since Robert Goodloe Harper coined that gem in 1798. In the 21st century, apparently, patriotism means stealing hundreds of billions from the U.S. Treasury to...
View ArticleThe Norway Massacre Conspiracy Theories Have Begun
Jonathan Kay writes in the National Post: Well, that didn’t take long. Less than 24 hours after the Norway killings, Alex Jones’ massively-surfed Infowars site already is fronting with the theory that...
View ArticleGreat News, Everybody: A New (Secret) Bailout!
The Parable of the Blind. Pieter Bruegel (1568) In Business Insider, scuttlebutt that German Chancellor Angela Merkel will be softening up Obama, Federal Reserve Chief Ben Bernanke and Treasury...
View ArticleChris Hedges’ Speech in Front of Goldman Sachs Leads to Arrest
Photo Courtesy of Chris Hedges Via Nation of Change: Chris Hedges made this statement in New York City’s Zuccotti Park on Thursday morning during the People’s Hearing on Goldman Sachs, which he chaired...
View ArticleThe Gift That (We) Keep(s) on Giving: Through January 2013
“Demand a property tax on idle wealth. Demand it NOW.” —Liam McGonagle “Seriously, do you expect a better opportunity to extract concessions from your enemies than when they lay begging, bleeding at...
View ArticleEveryone Wants to Know: Where Does the Occupy Movement Go From Here?
Regarding the Occupy movement, the question on everybody’s mind seems to be: well, what the fuck now? Or, more appropriately, “Where Does the Occupy Movement Go From Here?” I began writing an article...
View ArticleCrony Capitalism and the History of Bailouts
In this revealing interview, David Stockman, former budget director and original Supply-Side proponent, tells of the 30-year history of how crony capitalism and the American finance industry has...
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