Category Archives: Wall Street

Joe Conason, meet Karl Rove


A resolution for 2012: Don’t read opinion pieces by knee-jerk Obama supporters who profess to be liberals. Their stuff is as propagandistic as the garbage that streams from the right in support of Newt and Mitt and the dimmer Republican … Continue reading

Posted in mainstream media, Mitt Romney, Obama, Politics, Wall Street, world-wide economy | Tagged , , , , , | 2 Comments

Chase’s Jaime Dimon — too big to fail


Here’s Matt Taibbi shedding more light, in his inimitable way, on how Wall Street executives, with the help of the D.C. establishment, cheat and bribe their way to a level of wealth and privilege few of us can even imagine: … Continue reading

Posted in economic collapse, Goldman Sachs, Great Recession, mainstream media, New York Times, Obama, Politics, The New Depression, Wall Street | Tagged , , , | 1 Comment

These days, a bad tooth can break you


How many people have realized that the presumption of belonging to a “middle class” is delusional and dangerous? Enough to toss the reactionaries out of Congress in 2012? Maybe, but wouldn’t the current crop be replaced by a new bunch … Continue reading

Posted in campaign finance reform, Congress, economic collapse, Great Recession, mainstream media, Occupy Wall Street, Politics, The New Depression, unemployment, Wall Street | Tagged , , , , , | 8 Comments

Rove’s ads are from the Goebbels playbook


Karl Rove, shown here on Stephen Colbert’s TV show, has taken aim at Elizabeth Warren, perhaps to prove his filthy mind is still as nimble as in 2004, when he destroyed John Kerry’s presidential hopes by portraying him in campaign … Continue reading

Posted in CFPB, economic collapse, history, liar, mainstream media, Occupy Wall Street, Politics, Wall Street | Tagged , , , , , | 1 Comment

Obama is on our side… when he’s campaigning


This is from President Obama’s much-praised speech Tuesday in Osawatomie, Kansas, where Teddy Roosevelt gave his “New Nationalism” speech in 1910. The setting was chosen so that the corporate media would link Obama to the resurgence of progressive sentiments among … Continue reading

Posted in economic collapse, Great Recession, mainstream media, Obama, Occupy Wall Street, Politics, taxes, The New Depression, Uncategorized, unemployment, Wall Street | Tagged , , , , | 4 Comments

Banksters spooked by ‘Occupy Our Homes’


Not surprisingly, the corporate news media hasn’t made much of the human drama taking place as foreclosures and evictions by the big banks continue across the country. As Michael Moore wrote yesterday, “You need a Kardashian in your home as … Continue reading

Posted in economic collapse, Great Recession, mainstream media, Occupy Wall Street, Politics, The New Depression, Wall Street | Tagged , , , , , | 2 Comments

Obama tries, but wing-nuts reject his love


No irony about the sick state of American politics is funnier than the fact that wing-nuts, no matter how far to the right Barack Obama tilts, continue to vilify him as the Great Satan of socialism and the bleeding-heart champion … Continue reading

Posted in climate change, economic collapse, Goldman Sachs, Great Recession, liar, New York Times, Obama, Politics, The New Depression, unemployment, Wall Street | Tagged , , , , , , | 1 Comment

Bush, Obama rolled lucky 7s for banksters


Did anyone else see the lame TV movie Too Big To Fail, which dramatized the Fall 2008 financial crisis? If not, you didn’t miss anything honest. It was based on the book by Andrew Ross Sorkin, the NYT reporter and … Continue reading

Posted in economic collapse, fiction, finance reform bill, Goldman Sachs, Great Recession, mainstream media, Obama, Politics, The New Depression, unemployment, Wall Street | Tagged , , , , , | 1 Comment

Over there is where the Occupy camp used to be


Robert Scheer links the Occupy movement to the fight against the sort of corruption embodied by the SEC: … As Judge [Jed] Rakoff stated, the Securities and Exchange Commission has charged Citigroup with “a substantial securities fraud” in the sale … Continue reading

Posted in City Hall, economic collapse, Great Recession, mainstream media, Occupy Wall Street, Philadelphia, Politics, The New Depression, unemployment, Wall Street | Tagged , , | 1 Comment

NYT, WSJ: SEC is in a quandary, not corrupt


In applauding the smackdown of the Securities and Exchange Commission regarding its $285 million penalty against Citigroup, Matt Taibbi wrote, “The [Judge Jed] Rakoff ruling shines a light on the way these crappy settlements have evolved into a kind of … Continue reading

Posted in mainstream media, New York Times, Wall Street | Tagged , , , , , | 1 Comment