The days of pirates sailing the Spanish Main are long in the past. No more sacking of Cartagena. No, today’s “pirates” wear business suits and do their sailing on Wall St. Just today, we have reports that JPMorgan Chase is paying a $920M fine for the “London Whale Fail” trading losses. Amazingly enough, JP Morgan is even admitting “fault”.
|By: dakine01 Thursday September 19, 2013 5:42 pm|
|By: dakine01 Sunday September 15, 2013 4:00 pm|
Oh those oppressed Titans of Wall St and Masters of the Universe! They are so oppressed, just like the Fundamentalist Christians and straight white men, they never get things their way. Why, they just might have to go on Food Stamps after they pay their taxes in a DiBlasio administration.
|By: masaccio Sunday September 15, 2013 10:34 am|
For the rich sleazoids who caused the Great Crash, it’s hard to decide which mansion to live in today. You losers should suffer for their entertainment.
|By: Les Leopold Saturday September 14, 2013 1:59 pm|
Here’s the core of her argument. Because banks create most of our money, they control the very essence of the economy. To regain control of our economic well-being we need public banks that make investments in the public goods, services and jobs that we all need. Public banks can do all that without running up the national debt or raising taxes. Public banks, like private banks, fund investments. But, as Ellen writes:
“The difference is that a publicly-owned bank returns the interest to the government and the community, while a privately-owned bank siphons it into private accounts, progressively drawing money out of the productive economy.”
|By: DSWright Wednesday August 28, 2013 7:30 am|
Originally devised to help finance public interest projects the corporate form of organization has become an excellent way for powerful interests to externalize their costs onto society while snatching tax benefits. In fact, over one-third of the nation’s highest-paid CEOs from the last twenty years led companies that were subsidized by American taxpayers. Another fact that blows away the meritocracy argument.
|By: DSWright Tuesday August 20, 2013 1:55 pm|
Many were shocked by the nastiness of the British government – with America’s approval – holding Glenn Greenwald’s partner under an anti-Terrorism law for nine hours during which time they interrogated him and stole his property.
|By: DSWright Friday August 9, 2013 9:20 am|
The study claims that 30-50% of pay premium in finance “seems due to rents.” Or what has been appropriately called “socially useless activity.”
|By: DSWright Monday August 5, 2013 8:30 am|
It’s the same old song. JPMorgan Chase & Co. has been caught once again breaking the rules to snatch profits and will only have to pay a small portion of its loot to make it all go away. No criminal prosecutions and no reforms, just a speeding ticket on the bankster highway.
|By: DSWright Tuesday July 30, 2013 8:52 am|
If only it was the first time. A woman in Ohio is trying to get her possessions back after a bank broke into her house and stole them. The bank had the wrong address but still broke in and took her belongings.
|By: DSWright Wednesday June 26, 2013 8:40 am|
The corporate “ed reform” movement to privatize public education is quite lucrative – public education spending runs in the billions across the country. So should anyone be surprised that Wall Street has stepped out of the shadows to get in on the action?