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Economy Topics

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

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  • Rivlinweb
    In his latest book, bestselling author and journalist Gary Rivlin says the rapacious practices of subprime lenders laid the foundation for powerful mainstream banks to get into the subprime business and turn it into a multi-billion-dollar enterprise. He calls this the "poverty industry." And for those in this industry, business is booming. The book is called Broke, USA: From Pawnshops to Poverty, Inc. — How the Working Poor...
    Jul 09, 2010 | Story
  • Reform-graphic
    Democrats may still be one vote short of approving an overhaul of financial regulation with Senator Russ Feingold vowing to vote against the measure again. The House approved the measure this week following over three weeks of conference committee negotiations. We speak to former investment banker turned journalist Nomi Prins, author of several books, including It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from...
    Jul 02, 2010 | Story
  • 20100628g20_klein
    As thousands protested in the streets of Toronto, inside the G20 summit world leaders agreed to a controversial goal of cutting government deficits in half by 2013. We speak with journalist Naomi Klein. "What actually happened at the summit is that the global elites just stuck the bill for their drunken binge with the world’s poor, with the people that are most vulnerable," Klein says. [includes rush transcript]
    Jun 28, 2010 | Story
  • 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]
    Apr 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...
    Apr 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]
    Apr 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...
    Apr 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...
    Mar 29, 2010 | Story