Tag: Wall Street

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Will ‘Too-Big-to-Fail’ Banks Fail Again?

Timothy Geithner (left), then Treasury Secretary, meeting with President Barack Obama in the Oval Office. (White House photo)

Despite Wall Street’s booming recovery, Main Street continues to struggle with high unemployment and low wages, making another bust more likely. And, the “too-big-to-fail” banks may be more vulnerable than they appear, writes Danny Schechter.

Much Bank Crime, Little Punishment

Attorney General Eric Holder. (Photo credit: Department of Justice)

Wall Street banks made a bundle on securitized subprime mortgages until the bubble began to burst in 2007 inflicting devastating harm on average people around the world. Yet, despite government rhetoric to the contrary, the key culprits have escaped punishment,…

How Wall St. Bailed Out the Nazis

Exclusive: The amoral calculations of Wall Street insiders guided Washington’s post-World War II decision to give many Nazi war criminals a pass if they’d help in the Cold War against the world’s socialist movements. CIA Director Allen Dulles was just…

Ecocide and the Soul of a Nation

At the front of the political madness enveloping the United States are anti-government, anti-science extremists who reject evidence of global warming and block any response to this existential threat. But the disconnect between environmental destruction and today’s humanity goes deeper,…

The Folly of ‘Self-Regulation’

The recent loss of human life in Bangladesh sweatshops and the 2008 Wall Street meltdown that devastated the world’s economy should demonstrate that relying on corporate executives to “self-regulate” is a deadly and dangerous way to protect the broader society, as Michael Winship…

The SEC’s Golden Revolving Door

Many Americans are still shocked that Wall Street bankers who ruined the economy escaped any serious punishment from government regulators. But one problem is that many of those regulators, including the new choice to head the SEC, have been rotating…

The Choice of Guns Over Butter

The American political system continues to ignore President Eisenhower’s dour warning about the Military-Industrial Complex and embrace President Reagan’s happy “We’re No. 1” illusions. The long-term consequences of this choice have been devastating to most U.S. citizens and to the world, writes…

How FBI Monitored Occupy Movement

The FBI and other federal agencies coordinated with banks and local authorities in reacting to the Occupy Movement, which was put in the category of a domestic terrorist threat despite the group’s advocacy of nonviolence, Dennis J. Bernstein reports.

At Year’s End, the ‘News’ Fails

The end of the year brings reflection on what happened in the past 12 months and what lies ahead. But these retrospectives usually offer no more context and often less than the thin gruel of news as the events played out,…

Bankster Justice Very Much Delayed

After years of tip-toeing around the too-big-to-fail banks despite their key role in devastating the world’s economy the U.S. government has finally signaled a couple of fraud prosecutions. However, the effort is not only way too late, but way too…