Economy Topics

Democracy Now! stories, posts and pages that relate to Economy

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  • Wall-st
    The Senate has passed a sweeping reform of financial regulation that’s been described as the biggest overhaul of financial rules since the 1930s. The 59-to-39 vote came largely on party lines. Two Democratic senators, Russ Feingold of Wisconsin and Maria Cantwell of Washington, voted against the bill, saying it does not go far enough in preventing another economic meltdown. Four Republicans also broke party ranks to support the measure....
    May 21, 2010 | Story
  • Whistleblower
    A two-part investigative series called "Silencing the Whistleblowers" reports that when fraud investigators working within big banks tried to warn their superiors of shady practices, they were not only ignored, but frequently harassed, demoted or even fired. We speak to the article’s author, journalist Michael Hudson, and one of the whistleblowers profiled in the article, Ed Parker, the former head of mortgage fraud...
    May 20, 2010 | Story
  • Ceo
    Thousands of people turned out for a protest on Wall Street Thursday to denounce the taxpayer-funded bailout and the role of large financial firms in the nation’s economic crisis. A coalition of union and community groups organized the march as the Senate opened debate on a measure to overhaul financial regulation. [includes rush transcript]
    April 30, 2010 | Story
  • Blankfein
    Executives from the bailed-out Wall Street giant Goldman Sachs faced tough questioning on Tuesday at a Senate hearing on their role in the financial crisis. Current and former Goldman officials were grilled on their aggressive marketing of mortgage investments at the same time the firm was betting the investments would fail. We play highlights and speak with investigative journalist Greg Gordon of McClatchy Newspapers and former economist at...
    April 28, 2010 | Story
  • Plunder
    We speak with investigative journalist, filmmaker and author Danny Schechter, "the News Dissector." His latest film features interviews with industry insiders to reveal how the financial crisis was built on a foundation of criminal activity. It’s called Plunder: The Crime of Our Time. [includes rush transcript]
    April 28, 2010 | Story
  • Poker
    In a new article in Rolling Stone magazine, journalist Matt Taibbi takes an in-depth look at the experience of one small Alabama town and its disastrous dealings with Wall Street. Taibbi writes, "The destruction of Jefferson County reveals the basic battle plan of these modern barbarians, the way that banks like JP Morgan and Goldman Sachs have systematically set out to pillage towns and cities from Pittsburgh to Athens." [includes...
    April 12, 2010 | Story
  • Bank-owned
    The Obama administration has announced changes to its signature foreclosure prevention program, Making Home Affordable. The initial foreclosure relief program unveiled one year ago was supposed to help up to four million struggling homeowners. So far fewer than 200,000 borrowers have been granted permanent loan modifications. Meanwhile, a record 2.8 million properties with mortgages received foreclosure notices last year, according to the real...
    March 29, 2010 | Story
  • Wallstbull
    With the main healthcare reform bill signed into law, Democrats say congressional efforts to reform Wall Street and the nation’s financial regulatory system will soon top the Obama administration’s agenda. A measure put forward by Sen. Christopher Dodd is being described as the biggest overhaul of financial rules since the 1930s, but critics have faulted the proposal for giving additional power to the Federal Reserve while gutting...
    March 25, 2010 | Story
  • Wage-descrimweb
    The Insight Center for Community Economic Development released a report on the gender wealth gap to mark International Women’s Day. The report found nearly half of all single black and Hispanic women have zero or negative wealth, meaning their debts exceed all of their assets. The median wealth for single black women is only $100; for single Hispanic women, $120. This compares to just over $41,000 for single white women. We speak with...
    March 12, 2010 | Story
  • Handsbarsweb_ok
    Part II of our interview with legal scholar, civil rights advocate and author Michelle Alexander. Her book is The New Jim Crow: Mass Incarceration in the Age of Colorblindness. Alexander argues that although Jim Crow laws have been eliminated, the racial caste system it set up was not eradicated. It’s simply been redesigned, and now racial control functions through the criminal justice system. [includes rush transcript]
    March 12, 2010 | Story