Late Night: Oh Noes! Wall Street Might Not Get Their Bonuses!

By: Tuesday October 9, 2012 8:00 pm

What I find most ironic about these CEO deficit hawks complaining about the “uncertainty” that is hurting the economy is that they are the ones responsible for helping to create said uncertainty to begin with.


The Actual Problem With Income and Debt Has Nothing to Do With Wall Street Bonuses

By: Wednesday February 29, 2012 7:10 pm

An article in Bloomberg describes the adjustments Wall Street denizens are having to make because their average bonuses are down 14 percent this year. Meanwhile, in the real world, one in five people didn’t have enough money to feed themselves in 2011. I know I don’t see a report in Bloomberg about this every other week, but I have to believe it has a bit more news value than whether the investment banker can afford his second home.

Sunday Late Night: Transocean CEO Has No Shame

By: Sunday April 3, 2011 8:01 pm

After a year like the one he’s had, the CEO of Transocean should count himself very lucky that, unlike Japan, America lacks an ‘old-way’ tradition for a company manager to prostrate himself with shame and grief at his job performance, especially after loss of life.

Banks Make Pre-Crisis Profits As They Prepare to Hand Out Bonuses Early

By: Wednesday September 1, 2010 3:10 pm

Yesterday we got wind of an extended whine by the elites of the financial world, angered by the President… calling them mean names, or suggesting they might have had a role to play in the crashing of the economy, or something. Certainly, they could not be lamenting about the Administration hindering their profitability, because that’s going along just fine, thank you.

Movement to Tax Banks Regains Momentum

By: Thursday July 8, 2010 8:21 am

Much like how the health care debate coincided with a last-minute failure on Medicare buy-in, the financial reform debate coincided with a last-minute failure on taxing the banks. In both cases, reformers and advocates haven’t given up on the idea. In the case of the bank tax, those reformers picked up a powerful champion.

Dancing with Jay and Daisy

By: Thursday October 22, 2009 1:30 pm

Proving yet again that not only do taxpayer-bailed-out CEOs have no shame, word has it that they plan to flaunt their taxpayer-fueled wealth in our faces, the ABA is sponsoring its Roaring ’20s party in conjunction with its Oct. 27–29 meeting.

AFL-CIO President Richard Trumka will lead thousands of mad-as-hell Americans in a rally outside the ABA meeting on Oct. 27, demanding financial reform and re-regulation that will allow us to rebuild our communities, our lives and our economy.

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