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Financial Meltdown Topics

Democracy Now! stories, posts and pages that relate to Financial Meltdown

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  • Rosner_morgenson
    A prominent Wall Street analyst predicted this week that not a single top executive at Goldman Sachs will face criminal prosecution for the company’s role in causing the financial meltdown of 2008. “I think that there is a genuine sense out there that there are two sets of rules, one for big and powerful institutions that are deemed to be too politically interconnected or powerful to fail, and the rest of us, Main Street,” says our guest...
    June 02, 2011 | Story
  • Play_home_foreclosures
    The Huffington Post has revealed that a set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of foreclosures on homes purchased with government-backed loans. The audits conclude the banks cheated the government by overvaluing their losses on foreclosed homes and submitting faulty and defective documents to get federal reimbursement. According to the audit, the banks—...
    May 18, 2011 | Story
  • Treasure-island
    As millions of Americans prepare to file their income taxes ahead of Monday’s deadline, we look at how corporations and the wealthy use offshore banks and tax havens to avoid paying taxes and other governmental regulations. "Tax havens have grown so fast in the era of globalization, since the 1970s, that they are now right at the heart of the global economy and are absolutely huge," says our guest, British journalist Nicholas...
    April 15, 2011 | Story
  • Seg2
    To discuss President Obama’s budget talk and the state of the American economy, we are joined by three guests: Thomas Frank, a columnist at Harper’s Magazine and the author of several books, including The Wrecking Crew: How Conservatives Ruined Government, Enriched Themselves, and Beggared the Nation; Rev. Jim Wallis, the founder of the Sojourners Community and editor of Sojourners magazine, who has been on a hunger fast since...
    April 14, 2011 | Story
  • Seg4
    The Associated Press reported on Wednesday that “General Electric announced it will repay its entire $3.2 billion tax refund to the U.S. Treasury on April 18." The company’s tax record has been in the spotlight since the New York Times reported it paid no federal incomes taxes last year despite earning $14.2 billion in worldwide profits. It turns out AP’s story was based on a press release that was actually written by members of the group...
    April 14, 2011 | Story
  • Seg3
    We discuss the state of the economy in Detroit, "ground zero" for the economic downturn in the United States, with civil rights activist and author, Grace Lee Boggs. "I think it’s very difficult for someone who doesn’t live in Detroit to say you can look at a vacant lot and, instead of seeing devastation, see hope," says Boggs, "see the opportunity to grow your own food, see an opportunity to give young...
    April 14, 2011 | Story
  • Stiglitzbutton
    This week Republicans unveiled a budget proposal for 2012 that cuts more than $5.8 trillion in government spending over the next decade. The plan calls for sweeping changes to Medicaid and Medicare, while reducing the top corporate and individual tax rates to 25 percent. We speak to Nobel Prize-winning economist Joseph Stiglitz, who addresses the growing class divide taking place in the United States and inequality in a new Vanity Fair article...
    April 07, 2011 | Story
  • Play_uk_uncut
    As many as 500,000 protesters marched in London on Saturday to protest Britain’s deepest cuts to public spending since World War II. The protests come after U.K. officials estimated corporate taxes would be reduced even as it tackles a $235 billion deficit and plans to cut more than 300,000 public sector jobs. Meanwhile, in the United States protesters gathered in 40 cities on Saturday to oppose tax cuts for the wealthy amid budget cuts...
    March 28, 2011 | Story
  • 3-play_triangle_today
    One hundred years after the Triangle Shirtwaist Factory fire, we look at some of the major struggles facing workers today in the United States and around the world. In one of many recent fires, 26 workers making clothes for U.S. companies were killed in Bangladesh last December. Workers across the United States, meanwhile, are facing a resurgent assault on salaries, benefits and their right to organize—as epitomized in Wisconsin’s...
    March 25, 2011 | Story
  • Ralph_daniel
    As the wars in Iraq and Afghanistan have virtually disappeared from mainstream media coverage, Democracy Now!’s Juan Gonzalez has a wide-ranging conversation with Pentagon whistleblower Daniel Ellsberg and longtime consumer advocate Ralph Nader about the ongoing U.S. military occupation of these countries, the treatment of WikiLeaks accused whistleblower Bradley Manning, and how this connects to the attack on worker rights in Wisconsin...
    March 18, 2011 | Web Exclusive