05 Mar 2016

Regulatory Capture Finally Gets the Spotlight…For Now

At long last, the General Accounting Office (GAO) has been asked to investigate the revolving door personnel changes that occur under every administration between top-level people working on Wall Street who enter the very federal agencies that provide oversight for their former firms. This revolving-door scenario is common at all

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09 Feb 2016

Sanders’ Claim That The “The business model of Wall Street is fraud” Goes Unchallenged by Wall Street

        “The business model of Wall Street is fraud.” Or, to put it another way, “The business model of Wall Street is conflict-of-interests.” By far, the most pointed statement made so far in the 2016 presidential campaign (at least, as far as the financial services industry is

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22 Jan 2016

Sanders Expands the Boundaries on Financial Reform

For decades, people concerned about financial reform and protecting individual investors against predatory industry practices have accepted the fact that they must work in a very confined space in order to advance even modest reforms. Democratic presidential candidate Bernie Sanders has changed that perception. Sanders is an unabashed, long-time advocate

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12 Jan 2016

Powerball Winner Will Pay More in Taxes Than Some of America’s Largest Corporations

If there is a winner of the upcoming Power Ball Lottery, they could end up winning over $1.4 billion.  And accompanying this once-in-a-lifetime bonanza will be a tax bite that could run as high as $400 million, depending on how the payout is taken, as well as other considerations, such

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05 Jan 2016

A Unique Candidate Makes a Historic Pledge: Sanders to Break Up the Big Banks

Democratic presidential candidate made an historic pledge today by promising to breakup the same global U.S. banks that caused the 2007 recession, wiped out trillions in wealth for all Americans, and have been abusing their privileged status for generations. In his speech today, Sanders said: “If a bank is too

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30 Dec 2015

Hedge Funds Push Conservative Candidates to Maintain Their Edge

When you are a master of the universe, you have to make sure your place on earth is secure. That’s why the nation’s largest hedge funds have been pushing the odds, gaming the system, working to get the edge and hedging their bets to get the most bang for their

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28 Dec 2015

“The Big Short” Gives the GOP Another Reason to Hate Hollywood

One of this holiday season’s biggest and most timely movie hits is “The Big Short,” an unusual film about one of the most esoteric financial topics ever to be presented to a mass audience on the big screen. There are no car chases, shots of cleavage or explosions in the

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23 Dec 2015

What the Scorpion, the Frog and JP Morgan Have in Common

An old tale tells the story about a scorpion who wanted to cross a river. Unable to swim, the scorpion asks a frog, who was sitting on a nearby rock, if he could ferry him across the river on his back. “I would do that for you, but how do

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05 Oct 2015

Financial Journalism’s Glaring Blind Spot is Objectivity

When it comes to publicly discussing journalism’s ability to be objective, all shades of the political spectrum have their opinions. However, financial journalism has traditionally been considered more objective, mainly because it relies on financial data, market statistics, audited company balance sheets and information contained in legal vetted annual reports

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20 Aug 2015

How Wall Street’s Bankers Stayed Out of Jail

NOTE:  This web site very rarely publishes articles from other people (this is only the second one), however, this is an exceptional article by author and former JP Morgan Chase executive  William D. Cohan who gives a detailed account of how the banks have taken over the U.S. justice system

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