Trans-Pacific Partnership Contains Provison To Help Wall Street Avoid Regulations

By: Wednesday January 28, 2015 10:41 am

Protest in NYC happening right now-people out in the snow & cold to #StopFastTrack & #TPP! http://t.co/GbTUjaPSY9 pic.twitter.com/InCa6cK49D — Kevin Zeese (@KBZeese) January 26, 2015 Try to hide your surprise. One of the reasons the Trans-Pacific Partnership (TPP) is being kept secret is because it has unpopular and reckless policies in it such as deregulating [...]

Richest 1% Set To Own Over Half Of World’s Wealth

By: Tuesday January 20, 2015 7:18 am

Top 0.1% of Americans hold as much of the country's wealth as bottom 90% #inequality #Davos http://t.co/U3jLG01Bue pic.twitter.com/jHVaCE9tSD — The Economist (@TheEconomist) January 19, 2015 Oxfam has put out a fortuitously timed report on global wealth inequality just as the World Economic Forum at Davos, Switzerland gets underway. Then again, maybe Oxfam knew exactly what [...]

Obama Set To Propose Taxes On Capital Gains, Inheritance, And Wall Street

By: Monday January 19, 2015 8:55 am

It only took 5 years, but President Obama is finally set to offer some concrete proposals to deal with wealth inequality in America. Unfortunately, the proposals come as the Republicans have taken control of both chambers of Congress and Obama enters the twilight of his presidency. President Obama is reported to be planning to announce [...]

Jamie Dimon Claims Wall Street Is ‘Under Assault’

By: Thursday January 15, 2015 8:30 am

Remember that time the US government broke up all the Too Big To Fail banks and prosecuted bankster executives for the crimes that brought down the financial markets in 2008? Me neither. Yet JPMorgan CEO Jamie Dimon is caterwauling to the media about Wall Street being “under assault” by US regulators. Dimon’s complaining appeared to [...]

Antonio Weiss Withdraws From Consideration For Treasury Undersecretary

By: Tuesday January 13, 2015 7:20 am

Sen. Hatch on Antonio Weiss' Treasury nomination: "I think we could have gotten him through." http://t.co/ghY2Lw1CIt pic.twitter.com/JYHsxVRonT — Nick Timiraos (@NickTimiraos) January 13, 2015 Antonio Weiss, the current global head of investment banking at Lazard, has asked President Obama to withdraw his name from consideration for Treasury Undersecretary For Domestic Finance. Weiss’ nomination to take [...]

Joseph Stiglitz Blocked From SEC Panel For Criticizing Wall Street

By: Tuesday January 6, 2015 6:58 am

Nobel-prize winning economist and former Chief Economist of the World Bank Joseph Stiglitz was blocked from an SEC advisory panel for his critical views of Wall Street according to to a report from Bloomberg News. Apparently voicing any criticism of how Wall Street operates disqualifies any expert, no matter their credentials, from advising government regulators. In [...]

The Real Winners Of The Recovery: The Superrich

By: Monday January 5, 2015 6:54 am

Much has been made of the yawning gap between the 1% and the 99% and that America is by and large a plutocracy. But inequality is also expanding within the commanding heights of the US economy as new research shows that the top .1% has broken away from their uber-wealthy peers and amassed more than [...]

Blown Factcheck: Washington Post Omits Larry Summers’ Wall Street Work

By: Wednesday December 31, 2014 11:26 am

This is a great excerpt from @IgnatiusPost's new book called "I Have Learned Nothing and Forgotten Nothing": http://t.co/dweHDEeErM — Jon Schwarz (@tinyrevolution) December 24, 2014 David Ignatius’ recent hit piece on Senator Elizabeth Warren published in The Washington Post titled “Warren’s War Against Wall Street,” makes a number of ridiculous assertions. But one of the [...]

New York Fed Head William Dudley To Give Yet Another Speech On Wall Street’s Corrupt Culture

By: Friday November 21, 2014 8:10 am

Former Goldman Sachs Chief Economist and current President of the New York Federal Reserve, William Dudley, is preparing to once again speak on Wall Street’s corrupt culture.¬†He’s not going to do anything about it, but he does love to talk (and talk and talk) about how Wall Street’s culture of corruption is creating instability and [...]

Goldman Sachs Gained Inside Information From New York Fed

By: Thursday November 20, 2014 8:22 am

Wealth of America's top 0.1% is about to exceed that of bottom 90% for first time since 1930s http://t.co/XiPh31bQjO pic.twitter.com/nasmFcsY5y — The Economist (@TheEconomist) November 10, 2014 Apparently that recent study showing banking culture is corrupt in essence is not so far off the mark as it has now been revealed that Goldman Sachs received [...]

Regulators Fine Banks For Rigging Foreign-Exchange Benchmarks

By: Wednesday November 12, 2014 8:18 am

Regulators in the US, UK, and Switzerland have levied fines on banks for rigging benchmarks used by fund managers to determine what they pay for foreign currency in the foreign exchange (forex) market. The fines add up to $4.3 billion in total so far – not exactly a heavy hit on the Too Big To [...]

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