28 Dec 2016

Economic Recovery Is Mostly A Myth For The 99 Percent

The famous United States stock index known as the Dow Jones Industrial Average (or simply the Dow) flirted with approaching a historic high of 20,000. The index, which shows how the largest 30 companies publicly traded in the U.S. are performing, is considered a key indicator of how well U.S.

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Deutsche Bank. Photo by Björn Láczay (dustpuppy) on Flickr.
26 Dec 2016

European Banks Settling Mortgage Securities Fraud Cases

Both German Deutsche Bank and Swiss Credit Suisse are settling charges with the U.S. government over their involvement in fraud in the mortgage market.

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U.S. Secretary of State John Kerry and Saudi Foreign Minister Adel al-Jubeir in Geneva. May 2, 2016. (State Dept./ Public Domain)
03 May 2016

Syrian Rebel Attacks Aleppo Schools, Hospitals; Saudi Minister Decries Assad’s Crimes Against Humanity

Massive fighting, shelling, bombs and airstrikes in Aleppo escalated sharply in the past few days. Western media reporting on it has been severely skewed.

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Paul Krugman and Charlie Stross (Photo by Cory Doctorow on Flickr)
08 Apr 2016

Paul Krugman Doesn’t Understand The 2008 Financial Crisis

That an economist could be so misinformed (if not disingenuous) on such a vital economic issue is extremely disappointing.

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Hillary Clinton gives a speech to supporters after conceding to Bernie Sanders [Hooksett New Hampshire, USA] (Ted Eytan on Flickr)
19 Feb 2016

Clinton Defends Withholding Transcripts, Tells Dishonest Wall Street Story During Town Hall

Last night in Nevada, the two remaining candidates to be the Democratic Party’s 2016 nominee participated in a town hall ahead of this weekend’s caucus. Former Secretary of State Hillary Clinton faced more questions concerning the $2.9 million she personally made in Wall Street speaking fees. One member of the

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03 Feb 2016

Goldman Sachs Questions ‘The Efficacy Of Capitalism’

Analysts at Goldman Sachs, one of the world’s largest investment banks, questioned capitalism’s effectiveness. What did they really mean by that statement?

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Jamie Dimon, CEO of JPMorgan Chase (Remixed photo, based on Dimon photo by Steve Jurvetson on Flickr)
29 Jan 2016

JPMorgan Pays Billions To Settle With Ambac, Lehman Brothers

JPMorgan is almost finished paying off the rich people it screwed in the run-up to the 2008 financial crisis. As for the poor? Well, not so much.

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15 Jan 2016

Goldman Sachs To Pay $5.1 Billion For Causing 2008 Financial Crisis

The Too Big To Fail & Jail bank to pay a $2.385 billion civil monetary penalty, make $875 million in cash payments, provide $1.8 billion in consumer relief.

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11 Jan 2016

SEC Warns Rating Agencies Still Breaking The Rules

Just as in “The Big Short,” the SEC warned that national ratings organizations are still rating junk as gold in order to keep the business of big banks.

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28 Dec 2015

New Wall Street Bubble Putting The Hurt On Workers

Across America, CEOs are using stock buybacks to boost share prices and their own pay at the expense of regular workers employed by their corporations.

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