Elizabeth Warren Says Obama Administration ‘Protected Wall Street Not Families’

By: Monday October 13, 2014 10:28 am

Senator Elizabeth Warren condemned the Obama Administration for perpetually siding with Wall Street instead of Wall Street’s victims. In an interview with Salon conducted by Thomas Frank, Senator Warren noted her frustration with the economic team President Barack Obama put together and claimed that they promoted the interests of Wall Street rather than families losing [...]

Bank Of America’s No-Bid Prison Contract Facing Criticism In Congress

By: Friday October 10, 2014 10:38 am

The prison banking industry is really taking off with an assortment of small time players on the state level snatching all the taxpayer and prisoner money they can. But one of the Too Big To Fail Wall Street banks has it locked up on the federal level. And surprise surprise they have friends at Treasury [...]

SEC Official Supports Libya’s Claim Against Goldman Sachs

By: Tuesday October 7, 2014 7:41 am

Though Goldman Sachs has already admitted in court documents that it bribed officials working for Libya’s sovereign wealth fund, the claim brought by Libya concerning fraud remains contested. Libya’s sovereign wealth fund known as the Libyan Investment Authority (LIA) has accused Goldman Sachs of putting the fund in over $1 billion worth of high risk [...]

Secret Goldman Sachs Tapes Reveal Culture Of Corruption At Federal Reserve

By: Friday September 26, 2014 7:22 am

EDITOR’S NOTE: See also Peterr’s Bill Black, Carmen Segarra, and the Regulatory Failure That Is the Federal Reserve Bank of New York from a year ago. $GS' Lloyd Blankfein & @HillaryClinton at Women Entrepreneurs #CGI2014 dinner hosted by #10KWomen cc @ClintonGlobal pic.twitter.com/P5bc0mGkSc — GS 10,000 Women (@GS10KWomen) September 24, 2014 The radio program This American [...]

Eric Holder Stepping Down As Attorney General

By: Thursday September 25, 2014 9:56 am

Wall Street lawyer turned cabinet secretary Eric Holder is stepping down as Attorney General of the United States. Holder will resign as soon as his successor is confirmed according to National Public Radio which wrote a laudatory piece on Holder that included the news. Those who spoke to NPR told them it was Holder’s decision [...]

Flood Wall Street Actions Come After Massive Climate March

By: Monday September 22, 2014 8:54 am

The crowd is swelljng. Lots of media. Low-key NYPD presence. So far. #FloodWallStreet pic.twitter.com/7GC45oee5z — Arun Gupta (@arunindy) September 22, 2014 While Sunday saw a massive march against climate change with an estimated 300,000 people attending, today activists are participating in Flood Wall Street under the slogan “Stop Capitalism. End the Climate Crisis.” The direct [...]

Goldman Sachs Admits Paying Bribes To Gaddafi Regime

By: Monday September 22, 2014 6:37 am

In court documents Too Big To Fail bank Goldman Sachs has admitted to paying bribes to the government of Muammar Gaddafi in order to gain access to Libya’s sovereign wealth fund. The information came to light from a lawsuit filed in London against Goldman Sachs by the Libyan Investment Authority (LIA). LIA accused Goldman of [...]

Secret Emails Show Lack Of Support For Hillary Clinton Among Democratic Activists

By: Friday September 19, 2014 7:58 am

According to secret emails reviewed by The Hill, some influential Democratic Party members are less than enthused about the prospect of Hillary Clinton becoming president. The Google group called “Gamechanger Salon,” hosts 1,500 Democratic Party aligned operatives in activism and media. A years worth of emails revealed “significant dissatisfaction” with Hillary Clinton. The group includes [...]

Poverty Unchanged By Wall Street Recovery

By: Wednesday September 17, 2014 9:19 am

Though the federal government and Federal Reserve moved heaven and earth to ensure the 1% were made whole after the financial crisis, those unable to buy influence in Washington remain frayed. According to the Census Bureau over 14% of Americans remain below the poverty line while financial markets have made a considerable recovery from 2008 [...]

Eric Cantor Goes To Wall Street

By: Wednesday September 3, 2014 4:27 am

In what is probably a surprise to no one, former House Majority Leader Eric Cantor has gone to Wall Street in the aftermath of his primary election defeat. Cantor will be working for Moelis & Co as vice chairman and managing director despite having little on his resume to justify the position. For his largely [...]

Will Bank Of America Really Pay $17 Billion For Mortgage Fraud That Led To 08′ Crash?

By: Thursday August 21, 2014 9:12 am

Throughout the media the figure of $17 billion has been paraded out as the penalty Bank of America will pay for its crimes in the mortgage security market that led to the 2008 financial crisis and resulting Great Recession. But will BofA really be paying that much? If the other deals struck for the same [...]

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