Financial Meltdown Topics

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

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    Vice President Joe Biden arrived in China yesterday to begin a five-day trip aimed at reassuring leaders there of the stability of the U.S. economy and to begin building a relationship with that country’s most likely next president, Xi Jinping. The visit to the largest foreign creditor to the United States falls right after the downgrade of the U.S. credit rating by Standard & Poor’s, and just days after the Financial Times reported...
    Aug 18, 2011 | Story
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    An explosive new report in Rolling Stone magazine exposes how the U.S. Securities and Exchange Commission destroyed records of thousands of investigations, whitewashing the files of some of the nation’s largest banks and hedge funds, including AIG, Wells Fargo, Lehman Brothers, Goldman Sachs, Bank of America and top Wall Street broker Bernard Madoff. Last week, Republican Sen. Chuck Grassley of Iowa said an agency whistleblower had sent...
    Aug 23, 2011 | Story
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    Demonstrators are marching on Wall Street today on the third day of a campaign dubbed "Occupy Wall Street," which began on Saturday when thousands gathered in New York City’s Financial District. Inspired by the massive public protests in Cairo’s Tahrir Square and Madrid’s Puerta del Sol Square, hundreds have slept outside near Wall Street for the past two nights. We play a video report on the protest by Democracy Now!'s...
    Sep 19, 2011 | Story
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    As President Obama prepares to outline a deficit-reduction plan that includes tax increases, as well as cuts to programs such as Medicare and Medicaid, anthropologist David Graeber proposes a radical solution: cancel the debt of the nation’s poor. "Debts between the very wealthy or between governments can always be renegotiated and always have been throughout world history. They’re not anything set in stone," says Graeber,...
    Sep 19, 2011 | Story
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    MIT Professor Emeritus Noam Chomsky discusses the position of the Republican presidential candidates on issues such as climate change and calls them "utterly outlandish." "I’m not a great enthusiast for Obama, as you know, from way back, but at least he’s somewhere in the real world," Chomsky says. "Perry, who’s very likely … to win the primary and win the nomination, and maybe to win the election,...
    Sep 19, 2011 | Story
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    On Monday, President Obama proposed a new tax on millionaires as part of his plan to close the deficit and responded to opponents who have labeled his plan "class warfare." Republicans have vowed to defeat the tax, even as one in six Americans live in poverty. We speak with Rev. Jesse Jackson about how Obama’s plan also includes cuts to Medicare and Medicaid. "I would think, before we end up at that conclusion, we must go...
    Sep 20, 2011 | Story
  • 2,000 people occupied Wall Street on Saturday. They weren’t carrying the banner of the tea party, the Gadsden flag with its coiled snake and the threat “Don’t Tread on Me.” Yet their message was clear:“We are the 99 percent that will no longer tolerate the greed and corruption of the 1 percent.”
    Sep 21, 2011 | Columns & Articles
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    An explosive new book that draws a searing portrait of the Obama administration’s failings, and early management of the economic crisis, has been met with sharp objections from officials within and outside of the White House. We speak with veteran journalist Ron Suskind, author of "Confidence Men: Wall Street, Washington, and the Education of a President." He writes that U.S. Treasury Secretary Tim Geithner ignored an order from...
    Sep 23, 2011 | Story
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    In part two of our interview with veteran journalist Ron Suskind about his explosive new book, "Confidence Men: Wall Street, Washington, and the Education of a President," he examines the challenges faced by President Obama and his evolution as a leader. [includes rush transcript]
    Sep 23, 2011 | Web Exclusive
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    It is day 10 of the "Occupy Wall Street" campaign. On Saturday, more than 80 protesters were arrested as hundreds took part in yet another march to Wall Street. Many of them were committing civil disobedience by walking in the street, but some say they were on the sidewalk when officers with the New York City Police Department used nets and physical force to break up the crowd. Videos uploaded to YouTube show officers pepper-spraying...
    Sep 26, 2011 | Story