Tag: Wall Street

While Americans watched stock prices tumble across the globe in Monday’s market turmoil, economist Michael Hudson joins Democracy Now to help make sense of what’s really behind the fluctuations in the market.

Perhaps Phil Gramm could run a telethon to support ex-executives shamed for their fat retirement packages. Don’t laugh, for Phil really feels the pain of the rich.

Eric Holder, President Barack Obama’s former attorney general, has returned to his comfort zone—he rejoined the corporate powerhouse of Covington & Burling lawyers, interfering with government once again.

The recent crisis in Greece offers yet another illustration of Wall Street’s powers of persuasion and predation as Goldman Sachs has profited from Greece’s debt. This is now an issue of morality, don't you think?

Hillary Clinton won’t propose reinstating a bank break-up law known as the Glass-Steagall Act and this just might be the biggest mistake in her presidential campaign. Is Clinton still too close to Wall Street?

There is more mystery and nuance to the economic story than we are being told by the pundits. Here's the real story about debt, bubbles and a 35-year-long Ponzi Scheme.

When a big Wall Street bank pleads guilty to criminal felony charges committed, there seems to be no punishment that fits the crime. When real people plead guilty to felonies they go to jail, but nobody involved in bank crimes will see a day behind bars. Fair?

The government can't stop corporate crime until it starts charging the financial felons for the crimes they oversaw. It's time the banksters themselves feel the heat.

Wall Street is back to many of its old tricks. But the bigger they get, the more likely it is that the government will bail them out if they get into trouble again. So what needs to be done to tame Wall Street?

As we celebrate the fifth anniversary of the Flash Crash, we can also celebrate a possible policy that will take mostly from the rich and raise a huge amount of money by raising the cost of financial transactions.