October 22, 1907: The Panic of 1907 Begins October 22, 1907: The Panic of 1907 Begins
“What have we seen in New York during the past half-dozen years? Great banking institutions prostituted into tools of unscrupulous speculators.”
Oct 22, 2015 / Richard Kreitner
Did Predatory Lenders Pay These 12 Lawmakers to Hobble the CFPB? Did Predatory Lenders Pay These 12 Lawmakers to Hobble the CFPB?
An ethics complaint filed this week alleges that industry lobbyists and donors crossed the fuzzy line between routine fundraising and a quid pro quo arrangement.
Oct 8, 2015 / Joshua Holland
China’s Stock Market Crash Is the Latest Crisis of Global Capitalism China’s Stock Market Crash Is the Latest Crisis of Global Capitalism
Alongside rising protests from farmers and workers, China now confronts a middle class anxious about a slowdown in growth and burned by the stock market bust. It’s a volatile brew.
Oct 5, 2015 / Walden Bello
Low Interest Rates Help Private-Equity Moguls and Hurt Average Americans Low Interest Rates Help Private-Equity Moguls and Hurt Average Americans
Today’s near-zero rates are free money for investors, but murder for savers and retirees.
Sep 18, 2015 / William D. Cohan
September 16, 1920: A Bomb Explodes in Wall Street, Killing 30 September 16, 1920: A Bomb Explodes in Wall Street, Killing 30
“This country will never be made over by any such means...Bomb-throwers fortify and strengthen the system they attack.”
Sep 16, 2015 / Richard Kreitner
September 15, 2008: Lehman Brothers Files for Bankruptcy and American Finance Collapses September 15, 2008: Lehman Brothers Files for Bankruptcy and American Finance Collapses
“What you have is a glorified money-laundering scheme.”
Sep 15, 2015 / Richard Kreitner
Goldman Sachs and Bloomberg Philanthropies’ Investment in Prison Reform Failed. Why Do They Consider It a Success? Goldman Sachs and Bloomberg Philanthropies’ Investment in Prison Reform Failed. Why Do They Consider It a Success?
This is why we shouldn’t expect a financial return on social programs.
Aug 19, 2015 / Michelle Chen
Are Bank Tellers the Fast Food Workers of Wall Street? Are Bank Tellers the Fast Food Workers of Wall Street?
Retail bank workers bear the brunt of Wall Street’s greed and exploitation.
Aug 11, 2015 / Michelle Chen
How to Repeal the Tax Loophole That Allows Companies to Hide Their Profits in Offshore Accounts How to Repeal the Tax Loophole That Allows Companies to Hide Their Profits in Offshore Accounts
If we want to address the inequality crisis, we must prevent corporations from sitting on hoards of untaxed cash.
Aug 4, 2015 / David Cay Johnston
Bernie Sanders Explains Why You Should Care About What’s Happening to Greece Bernie Sanders Explains Why You Should Care About What’s Happening to Greece
He really does sound like a socialist, doesn’t he?
Jul 31, 2015 / William Greider