Wall Street

Isaiah J. Poole's picture

Ungodly: Bonuses At Goldman Sachs, Bankruptcies On Main Street

Submitted by Isaiah J. Poole
Produced by Institute for America's Future
November 16, 2009

Hundreds of taxpayers converged in front of the Washington headquarters of Goldman Sachs with a basic demand for its CEO: Before you issue multibillion-dollar bonuses to your executives, help clean up the mess you and other Wall Street titans made on Main Street. more »

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The Money Man's Best Friend

By William Greider
From thenation.com
November 13th, 2009

thenation.com — The Obama administration promised to reform the financial system and make it safe for the rest of us, but recent Congressional action is more likely to reset the fuse for another explosive calamity. Washington insiders may not be shocked to learn that private-interest groups provided the draft bill. But the legislation was delivered to the House Financial Services Committee by Blue Dog Democrats, not lobbyists.

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Dave Johnson's picture

$140 Billion for Bonuses, Zero for America’s Future

By Dave Johnson
November 11, 2009

Here is another story about Wall Street’s war on the real economy. more »

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Dave Johnson's picture

Wall Street's War Against the Real Economy & We, the People

By Dave Johnson
November 4, 2009

At a meeting with bloggers before last week's Building The New Economy conference, AFL-CIO President Rich Trumka talked about how we have developed two economies, one real and one financial. more »

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Dave Johnson's picture

Wall Street Pukes On Our Shoes

By Dave Johnson
October 29, 2009

At the New Economy Conference, Leo Gerard of the United Steelworkers just said that deregulating Wall Street was like leaving a 3 year old in a candy store unsupervised for a day. more »

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Richard Trumka's picture

Showdown in Chicago

By Richard Trumka
October 23, 2009

I'm going to Chicago next week for the American Bankers Association meeting. Oddly, I haven't been invited to the Roaring '20's dance party I hear they're having.

Why wouldn't they celebrate the era of wild money and hot times (which slid into the Great Depression)? After all, the bankers are doing well these days. more »

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Dave Johnson's picture

Companies As Buy-And-Sell Commodities - Workers, Customers and Country As Costs

By Dave Johnson
October 16, 2009

As we consider what we need to do to get our economy working again it is useful to look back at the things that went wrong. more »

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Richard Trumka's picture

The Chamber of Commerce's Jobs Deception Campaign

By Richard Trumka
October 15, 2009

Unions are popularly known as "the folks who brought you the weekend." In contrast, the U.S. Chamber of Commerce has the distinction of trying to take away the weekend--along with overtime pay, the minimum wage, Buy America rules, workers' freedom to form unions, child labor standards....The list is long and ugly. more »

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Michael Kwiatkowski's picture

U.S. Debt Holders Looking to Abandon Dollar As Reserve Currency

By Michael Kwiatkowski
October 11, 2009

Thanks to 'counterspin' at Open Left for posting this.

A number of countries, many if not most of them holders of U.S. debt, are seeking to create a "basket" of reserve currencies, thus severely weakening the U.S. dollar by taking away its status as the world sole reserve currency. more »

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Robert Borosage's picture

Moyers Tonight: Why Wall Street Always Wins

By Robert Borosage
October 9, 2009

Don't miss the Bill Moyers show tonight. He's got Simon Johnson, the former IMF economist and Rep. more »

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