The bailout and stimulus money allowed us to limp along for a couple of years. Now we are back to where we started, but worse, since we borrowed trillions to pay for it.
The bailout and stimulus money allowed us to limp along for a couple of years. Now we are back to where we started, but worse, since we borrowed trillions to pay for it.
The wars drag on, the economy teeters, climate change unfolds just as the scientists predicted, and the yawning gap between the rich and the rest of us continues to grow. And what are we left with? The spectacle of a guy named Weiner doing naughty things.
Late yesterday afternoon Moody's Investor Services officially warned that if there is no imminent progress in Congress on the debt ceiling fight, the United States of America's Aaa credit rating would be cut.
Today's announcement that Goldman Sachs received a subpoena from the Manhattan district attorney has left many wondering whether any top executives will face criminal prosecution for the company's role in causing the financial meltdown of 2008.
The myth of American financial competence is underscored by the latest story of how Goldman Sachs lost 98% of a $1.3 billion investment by Libya's sovereign wealth fund. Wow, in Goldman Sachs We Trust!
With the general "no banker left behind" program pursued by Tim Geithner under both George W. Bush and Obama, the theory was that saving the banks would save the country. The first part worked out brilliantly, but the second act never occurred.
While mainstream America continues to struggle with the recessionary consequences of a meltdown caused by financial excess, large financial institutions are back to profitability and back to their old ways.
After every financial debacle or war, there is a huge political struggle over whether creditors get to stand in the way of an economic recovery. Greece is the poster child for this dilemma, and the Greek story reveals the real villain of the piece.
Tomorrow, thousands of New Yorkers will be hitting the streets of lower Manhattan for a historic day of teach-ins and marches. Their message: No more...
SIBs represent the dawn of a new era, one that will accelerate the evolution of the Impact Economy.
If you heard an elected official that you are supporting was accepting campaign contributions from tobacco companies, would you stop supporting them? ...
The egregious mis-characterization of Obama's outlook has profound consequences for our nation's well-being. Three areas in particular warrant scrutiny.
To clarify once and for all, when it comes to the use of human shields, our official a Qaeda policy says YES, you can use them, but please, NO women.
The Wall Street flimflam boys who made mad gambles to enrich themselves, knowing losses would be government-backed, are still at large. We now have at least a fictional comeuppance for these thieves.
Cristina Kirchner has moved her image to the political center to attract dollar investors. Instead of a dirty war, Argentina is fighting a war against food price inflation and syndicalists.
Nearly three years after the financial world imploded, the business media is still operating under a cloud of shame for failing to sound the alarm that the end was near.
The Republican base matters, the Democratic base doesn't. That's how the game has played out for decades now, only now we're really in a deep crisis with neither the will nor the vision to climb out of it.
As much as the big banks want you to think that they're the heart of our free market system, they're not. In fact they never have been. For decades they've been feasting off of subsidies and mini-bailouts at the expense of everyone else.
The oil price has skyrocketed over the past few months and the finger often points to Libya and claims of supply disruptions have dominated the press. However, are these claims grounded in fact or are we watching yet another sentiment driven bubble?
If the Justice Department can catch a baseball player, why can't it catch the guy who forecloses on peoples' homes, and whose actions pressured the economy to his own benefit while millions were losing their jobs?
Under the surface of his carefully crafted image, it appears that Bernie Madoff was harboring an intense loathing of the financial establishment that he had outwitted for so long.